Author: LoveWorld UK

UK BORROWING HITS £20.7BN IN JUNE – Surge in debt interest and public spending outpaces tax income The UK government’s borrowing has soared to its second-highest level on record for the month of June, driven largely by a sharp rise in debt interest payments. According to the Office for National Statistics, the government borrowed £20.684 billion last month—exceeding economists’ expectations by nearly £4 billion. It’s the steepest June borrowing figure since the COVID-19 crisis in 2020, when emergency spending and furlough schemes pushed borrowing to historic highs.  Despite increases in income tax and national insurance contributions, rising costs for public…

BRITAIN AND TURKEY SIGN ACCORD- Ankara is set to use Eurofighter Typhoon fighters Britain and Turkey have signed a memorandum of understanding to allow Ankara to be a user of Eurofighter Typhoon fighters, in a big step toward securing the procurement of the jets over which Turkey has been negotiating for years. Turkey has been in talks to purchase 40 of the jets, which are built by a consortium of Germany, Britain, Italy, and Spain, represented by Airbus, BAE Systems and Leonardo. Earlier, the Spiegel magazine reported that Germany had also cleared the way for the delivery of 40 jets…

WATER REGULATION SHAKE-UP PROPOSED IN LANDMARK REVIEW – Calls made for single UK regulator, water metering & regional reform A major overhaul of how water companies are regulated across England and Wales has been proposed in what’s being described as a once-in-a-generation review of the industry. Led by former Bank of England deputy governor Sir Jon Cunliffe, the Independent Water Commission is calling for the creation of a single UK-wide water regulator, alongside a dedicated body for Wales. The aim is to simplify oversight, increase accountability, and restore public trust in the sector. The sweeping report includes 88 recommendations, among…

RFK JR. AND RUBIO REJECT WHO’S PANDEMIC TREATY POWER GRAB – The WHO sought to create pandemic emergencies with sweeping measures with no accountability In a decisive move against unelected global influence, U.S. Health and Human Services Secretary Robert F. Kennedy Jr. has formally rejected the World Health Organisation’s controversial International Health Regulations (IHR) amendments, warning Americans of the grave threat they pose to national sovereignty and personal freedom. In a direct and passionate message to the nation, Kennedy asked a chilling question: “Are we going to be subjects to a technocratic control system that uses health risks and pandemic…

JAPAN PM ISHIBA VOWS TO STAY ON AFTER ELECTION DEFEAT – Ishiba cites U.S. tariff talks in decision to remain Japanese Prime Minister Shigeru Ishiba said he needed to continue in office to deal with trade tariff negotiations with the United States and other economic issues following a bruising defeat in upper house elections. The embattled prime minister told a news conference he would remain in office to ‘achieve an agreement that is beneficial to both Japan and the U.S’ and other pressing matters, such as rising consumer prices that are straining the world’s fourth-largest economy. The 68-year-old leader said…

IRAN, E3 AGREE TO RESUME NUCLEAR TALKS – Failure to resume talks could trigger renewed sanctions on Tehran Iran and the three European countries of France, Germany and Britain, collectively known as the E3, have agreed to resume negotiations over Tehran’s nuclear program, the semi-official Tasnim news agency reported Sunday. Quoting an “informed source” without giving the name, Tasnim said Iran and the E3 are holding consultations on the date and venue of the negotiations. According to the report, the upcoming negotiations are expected to be held at the level of deputy foreign ministers. Iran and the E3 have held…

INDONESIA SAYS U.S. TRADE DEAL HAS BEEN REACHED – The deal resulted in a reduction of proposed U.S. tariff rates to 19% from 32% Indonesia said it had reached a trade deal with the United States after an “extraordinary struggle” in negotiations, which resulted in a reduction of proposed U.S. tariff rates on Indonesian goods to 19% from 32%. U.S. President Donald Trump said a deal had been struck after he spoke to Indonesian President Prab-owo Subi-anto. The deal is among only a handful reached so far by the Trump administration ahead of an August 1 deadline for negotiations. “This…

TRUMP IS TO MEET STARMER TO REFINE TRADE DEAL – The meeting will take place during President Trump’s trip to Scotland President Donald Trump said that he is set to meet Prime Minister Keir Starmer during his trip to Scotland and refine the trade deal agreed upon by the two leaders. “We are going to have a meeting with him, probably in Aberdeen. And we’re going to do a lot of different things, also refine the trade deal that we’ve made,” Trump said. A White House official earlier said that Trump plans to visit both his Turnberry and Aberdeen golf…

UKRAINE’S PM SUBMITS RESIGNATION LETTER- Zelenskiy has nominated Svyrydenko to replace Shmyhal  Ukrainian Prime Minister Denys “She-mal”(Shmyhal) stated today that he had submitted a resignation letter. President Volodymyr Zelenskiy yesterday nominated First Deputy Prime Minister Yulia Svyry-d-enka, who is also the economy minister, and a close and long-standing ally of Zelenskiy, to replace Shmyhal. Shmyhal, who has been in his post since March 2020, is expected to be appointed as Ukraine’s new defence minister, Zelenskiy said on Monday. Parliament is due to vote on Svyry-d-enka’s nomination later this week. Zelenskiy said that he had already discussed priority tasks for the…

NEW EU SANCTIONS AGAINST RUSSIA REJECTED – EU proposed a 15 % floating price cap on Russian oil The European Union did not approve new Russia sanctions on Tuesday, Vice President of the European Commission Kaja Kallas said after a meeting with EU foreign ministers in Brussels. Kallas, who states that she was “really sad” the sanctions did not get approved, remains hopeful for a deal, adding that the ball is in Slovakia’s court.  Slovakia has blocked the EU’s latest sanctions package until its concerns are addressed over a separate EU proposal to phase out imports of Russian gas by…