Author: LoveWorld UK

REEVES DROPS TAX RISE PLAN – Chancellor scraps income tax hike as markets slide Finance Minister Rachel Reeves has dropped plans to raise income tax rates in this month’s budget. The move is aimed at avoiding a political backlash—but it’s already rattling financial markets. Sterling slipped 0.3%, hitting its lowest level against the euro in more than two and a half years. Investors reacted swiftly, fearing Reeves may struggle to deliver the tough measures needed to stabilise Britain’s public finances. Government bond markets also took a hit. Long-dated gilt yields jumped by around 12 basis points, putting them on track…

RESIDENT DOCTORS STRIKE OVER PAY DISPUTE – Doctors demand 26% pay restoration Thousands of resident doctors in England walked out today, launching their 13th strike since March 2023. The action runs until Tuesday, with NHS leaders warning of major disruption to staffing, appointments and operations. The government has refused any further pay offers, but the British Medical Association says years of pay erosion have left resident doctors far behind, calling for a 26% rise to restore earnings to 2008 levels. BMA chair Dr. Tom Dolphin said some doctors were earning as little as £14 an hour when the dispute began,…

BBC has apologised to the U.S. President Donald Trump for editing a 2021 speech in a way that appeared to show him advocating violence—but the broadcaster is firmly rejecting Trump’s demand for compensation. In a statement, the BBC said it “strongly disagrees there is a basis for a defamation claim,” even as it expressed “sincere regrets” over the edit used in a Panorama episode. The corporation confirmed that it will not rebroadcast the programme. Trump’s lawyers had threatened to sue for $1 billion unless the BBC retracted the segment, apologised, and paid damages. While the apology has been issued, the…

FARMERS IN PUNJAB BURN STUBBLE – Say they lack options, as smog blankets Delhi  As the Indian capital New Delhi gasps for breath, hundreds of kilometres away, farmers in the fields of Punjab are torching their farm residue, triggering plumes of smoke in their fields, as they race to get ready for the next sowing season. Skies in Mansa, Punjab (about 300 km from New Delhi) – bear an orange haze – with clouds of smoke rising from burning rice paddies, highlighting a practice that persists despite years of government crackdowns. Farm fires in New Delhi’s neighbouring states of Haryana…

HAMAS CLAIMS END OF FIRST CEASEFIRE PHASE – Group says initial truce terms met as talks stall over Israel’s next move.  Hamas announced today it has completed the first phase of the Gaza ceasefire deal with Israel, declaring it fulfilled all initial obligations. The group said prisoner exchanges and temporary pauses in fighting were carried out “as agreed” under international mediation.  Israeli officials, however, disputed Hamas’s claim, arguing that several terms remain unresolved. Talks over the second phase — which would include a full Israeli troop withdrawal and release of remaining hostages — have reportedly stalled. Hamas insists that any…

STARMER’S EU FISH SURRENDER – Could cost up to £6bn despite the EU taking nearly £500m of landings from UK waters in one year  Sir Keir Starmer has surrendered leverage in future European Union negotiations with his 12-year fishing rights deal, peers have warned. A report by the House of Lords’ European affairs committee said the Prime Minister’s reset deal with Brussels risked handing the bloc the upper hand in energy talks. Under the deal struck by Labour in May, EU fishermen will get access to British waters until 2038 and risks handing the EU up to £6bn of British…

BBC FORCED TO APOLOGISE TO TRUMP – still threatens to sue the corporation for $1bn (£760m) unless they apologise  The BBC is prepared to formally apologise to Donald Trump after he threatened to sue the corporation for $1bn (£760m) after it fabricated one of his speeches. The US president accused the broadcaster of “reckless disregard for the truth” after The Telegraph revealed a Panorama documentary edited his speech to make it appear that he had incited the 2021 Capitol Hill riot. Tim Davie, the BBC director-general who resigned on Sunday, has since foolishly blamed “enemies” of the corporation for stoking…

U.S. GOVERNMENT OPEN FOR BUSINESS – Democrats and Republicans to battle over shutdown win narrative  President Donald Trump signed legislation late on Wednesday, November 12th ending a 43-day shutdown of the U.S. government, but a political analyst warned that Democrats and Republicans now face a battle over who can claim victory from the prolonged budget standoff. The Republican-controlled chamber passed the package by a vote of 222-209, with Trump’s support largely keeping his party together in the face of vehement opposition from House Democrats, who are angry that a long standoff launched by their Senate colleagues failed to secure a…

KING HOSTS VETERANS RECEPTION AT WINDSOR Britain’s King Charles and Queen Camilla host Veterans Reception at Windsor Castle Britain’s King Charles and Queen Camilla hosted a reception for veterans who served in the Pacific during the Second World War at Windsor Castle. Britain’s Prince William and Prince Edward, as well as Prime Minister Keir Starmer, were also in attendance, along with the veterans’ families. The reception was also in honour of the 80th Anniversary of the end of WWI and VJ Day. Today, the holiday remembers all those who served and died in all conflicts and wars.

STARMER ALLIES DISMISS COUP RUMOURS – Wes Streeting denies leadership bid amid Labour tensions Health Secretary Wes Streeting has found himself at the centre of speculation that he was preparing to mount a leadership bid — claims he’s firmly rejected. Speaking in an interview, Streeting joked, “Yes, I rule it out — and no, I didn’t shoot JFK or fake the moon landings.” His comments came after a series of late-night briefings from Downing Street, as Starmer’s allies scrambled to project unity amid reports that as many as 50 Labour frontbenchers could resign if the upcoming November 26 Budget goes…