Nigel Farage, the head of Britain’s Reform U.K., has been one of the growing number of politicians who have been using the app Cameo to earn some cash on the side, and remain relevant in the eyes of voters.
Tag: UK
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U.K. INFLATION REACHES 18-MONTH HIGH IN JULY
Britain’s headline inflation accelerated to 3.8 percent in July, with inflation in services jumping 5 percent, giving the U.K. the highest inflation rate among the world’s richest countries.
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GERMANY, U.K. SIGN NEW DEFENSE TREATY IN LATEST EFFORT TO MILITARIZE
British Prime Minister Keir Starmer and German Chancellor Friedrich Merz signed a mutual defense treaty last week that—in part—promised to come to each other’s aid if there’s an attack on either, which seemed redundant given that NATO is supposed to already have the same assurances under Article 5.
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ONE BIG CLUB: U.K.’S FORMER PM LANDS JOB WITH GOLDMAN SACHS
Rishi Sunak, the former British prime minister, will return to Goldman Sachs as a senior adviser, where he will help guide the firm’s clients on economic and geopolitical issues, according to the Financial Times.
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DEMEANED AS “TERROR GROUP,” UK POLICE ARREST CITIZENS FOR PROTESTING ISRAEL GENOCIDE
London’s Metropolitan Police arrested more than 70 people who took part in a protest on Saturday in support of the Palestine Action group, which was recently named a terrorist organization after its activists broke into a base in Oxfordshire, England, last month and damaged two Royal Air Force planes using red paint and clubs, according to a report.
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WEALTH GAP IN U.K. WIDENS BETWEEN RICHEST AND POOREST, NEW STUDY FINDS
Newly released research found that the wealth gap between the United Kingdom’s (U.K.) richest and poorest has increased in recent years, and its disparity is “among the highest in the developed world.”
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U.K. NOW OWNS MORE U.S. TREASURY SECURITIES THAN CHINA
In March, China continued reducing its portfolio of U.S. treasury securities, dropping it behind the U.K. as the largest foreign owner of U.S. debt.
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U.K., EUROPE AIMS TO INCREASE MILITARY SPENDING AS TRUMP LOOKS TO END WAR IN UKRAINE
U.K. Prime Minister Keir Starmer announced last week that London will increase its defense spending by 0.2 percent to 2.5 percent of its GDP, or about $17 billion, citing what he sees as the growing threat from Russia.
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U.K. INFLATION TICKS DOWN, BOOSTING CHANCES OF INTEREST RATE CUT
In December, inflation in the U.K. eased back to 2.5 percent from 2.6 percent in November, the Office for National Statistics reported.
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U.K. GOVERNMENT’S BORROWING COST REACHES 27-YEAR HIGH
On 7 January, the interest rate the British government offered on £2.25 billion in 30-year bonds climbed to 5.2 percent, the highest since 1998.