The pound stabilizes as markets anticipate Bank of England intervention to support the British pound.

Creative Media NewsTuesday, 27 September 2022, 15:000

During Asian trade on Tuesday, the pound did not experience a recurrence of its depreciation on Monday, but analysts believe nervous sentiment persists in light of market fluctuations since Friday’s mini-budget. The drop of the pound’s value following Friday’s mini-budget appears to have halted for the time being, but only due to market predictions that...

Why have Jubilee Metals shares tripled while other miners struggled?

Creative Media NewsTuesday, 27 September 2022, 14:000

Why have shares of Jubilee Metals Group nearly tripled in the past two years, when the majority of other mining and commodities companies have struggled? True, the majority of this share price growth occurred in 2021 as opposed to 2022, which has been a year of robust consolidation. Even yet, in a market wary of...

Aldi promises ‘lowest grocery costs in the UK’ as the cost-of-living crisis grows and revenues fall.

Creative Media NewsTuesday, 27 September 2022, 12:000

Aldi executives have committed to prioritising lower pricing over short-term profitability as they warn that the cost-of-living problem for millions of households is “worsening.” The supermarket has pledged to offer the ‘lowest grocery pricing in the United Kingdom to assist customers struggling with rising electricity and petrol expenses. Last year, the British division of the...

The pound falls to a historic low after tax cuts are proposed.

Creative Media NewsMonday, 26 September 2022, 6:000

The pound has reached a record low versus the dollar as markets respond to the United Kingdom’s largest tax cuts in half a century. In early Asian trade, the value of the pound dipped close to $1.03 before reclaiming ground to reach $1.07 by Monday morning, UK time. In anticipation of an increase in borrowing,...

Eve Sleep restlessly in seek of investor assistance to assist with shockingly low cash reserves.

Creative Media NewsSaturday, 24 September 2022, 12:000

Investors in mattress specialist Eve Sleep were not able to rest easy this week, as the stock dropped to 0.35p following a doubling of interim losses. The sleep wellness brand’ also cautioned that it will require more money in October if there is no bid for the company, as management forecasts that cash reserves will...

The pound falls as markets respond to the mini-budget.

Creative Media NewsSaturday, 24 September 2022, 8:000

As markets react to the chancellor’s mini-budget announcement, the pound has plunged to a new 37-year low versus the dollar. After Kwasi Kwarteng presented several tax cuts and economic initiatives as part of a significant reorganization of the nation’s finances, British equities likewise declined. Nearly 2% of the pound’s value decreased versus the dollar, bringing...

Reduced stamp duty to assist homebuyers.

Creative Media NewsSaturday, 24 September 2022, 0:000

The government has announced a reduction in stamp duty, the tax paid by purchasers of real estate in England and Northern Ireland. The threshold at which tax becomes due has been increased to £250,000 from the present level of £125,000. In the meantime, the threshold for first-time purchasers has risen from £300,000 to £425,000. According...

1p will be deducted from income tax beginning April.

Creative Media NewsFriday, 23 September 2022, 22:000

From April of next year, the majority of taxpayers will pay one penny less in income tax per pound. More than 31 million individuals will profit from the reduction of the basic income tax rate from 20% to 19%, according to the new chancellor Kwasi Kwarteng. The reduction, which affects those earning between £12,571 and...

Mini-budget: An overview of the most important announcements from the chancellor.

Creative Media NewsFriday, 23 September 2022, 14:000

Stamp duty, electricity bills, and alcohol duty: the mini-most budget’s significant statements. Here are the highlights of Chancellor Kwasi Kwarteng’s mini-budget address to the House of Representatives: Beginning in April 2023, the basic rate of income tax will be reduced to 19 pence per pound. This will result in an annual average improvement of £170...

Real living wage increased in advance to aid workers in navigating the cost-of-living challenge.

Creative Media NewsFriday, 23 September 2022, 12:000

The Living Wage Foundation announces the largest rise in the voluntary rate ever enacted, stating that an additional £2,000 per year should provide significant assistance to full-time employees who must choose between heating and eating. The actual living wage has been increased sooner than usual to offer tens of thousands of workers with additional financial...

What the anticipated rise in UK interest rates means for you.

Creative Media NewsFriday, 23 September 2022, 10:000

The seventh consecutive increase in interest rates is anticipated to be announced later on Thursday. It is widely anticipated that the Bank of England would raise interest rates by at least 0.5 percentage points, if not more. The climb to 1.75 percent last month was the greatest increase in the past 27 years. This would...

Sri Lanka’s inflation rate increases in August to 70.2%.

Creative Media NewsFriday, 23 September 2022, 8:000

In August, Sri Lanka’s annual inflation rate soared to almost 70% as the country grappled with its worst economic crisis in more than seven decades. According to official statistics, food costs increased by 84.6% during the past year. This year, the South Asian nation of 22 million people was plunged into financial and political upheaval...

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