Page 8 - Alex Brummer News Today

Vowing to break a cycle of stagnation that has lumbered Britain with a massive tax burden, Kwasi Kwarteng will outline action to support families and boost business.

Haleon, GSK’s former consumer-products arm, spun off last month, has made a dismal debut on the stockmarket.

The Institute for Fiscal Studies said Sir Keir Starmers proposal to freeze energy bills to help struggling families was very expensive and would not bring down inflation permanently.

Average house prices in the UK fell by 0.1 per cent month-on-month in July - a £365 fall in cash terms - according newly released data from Halifax.

Anyone with a fixed rate deal will be protected from rate hikes until the end of their term. But around 1.8million fixed rate mortgages are scheduled to end next year.

As the Bank of England warned of a year-long recession by the end of the year, half the population is already desperately trying to cut the costs of running their households.

Anyone with a fixed rate deal will be protected from rate hikes until the end of their term. But around 1.8million fixed rate mortgages are scheduled to end next year.

DAILY MAIL COMMENT: If the Bank of Englands forecasts are right, even tougher times are hurtling down the track for British families.

ALEX BRUMMER: Yet the idea that the UK is facing some kind of existential economic crisis, a return to the 1970s or even worse the depression years of the 1930s is, quite frankly, tosh.

TOM UTLEY: Do you ever feel the entire corporate world is out to rip you off? If so, dont worry. Youre probably not suffering from paranoia,thc chances are youre absolutely right.