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JUST IN: UK Increases Visa Fees, Health Surcharge, Nigeria Affected

by Leading Reporters July 14, 2023
written by Leading Reporters

United Kingdom Prime Minister Rishi Sunak has announced an increase in visa application fee paid by immigrants.

He also said the surcharge paid for the state-funded national health service (NHS) by visa applicants by immigrants will “increase significantly”.

The announcement is coming a few weeks after the United States embassy said it is increasing fees for processing non-immigrant visa (NIV) applications.

The US embassy, according to a statement on its website said the new fees for various visa categories will be implemented from June 17, 2023.

Sunak explained that this was “entirely right” as these fees have not been increased recently.

He said: “If we’re going to prioritise paying public sector workers more, that money has to come from somewhere else because I’m not prepared to put up people’s taxes and I don’t think it would be responsible or right to borrow more because that would just make inflation worse

“So, what we have done are two things to find this money. The first is, we are going to increase the charges that we have for migrants who are coming to this country when they apply for visas and indeed something called the immigration health surcharge (IHS), which is the levy that they pay to access the NHS.

According to Sunak, this move will have no effect on inflation because there would be no new borrowing or spending to fund the increases.

He said the government believes it is appropriate given that the costs have risen since the last hike.

In a tweet, Sunak said: “I just announced a fair way to end the strikes – and already all teaching unions are backing it. It’s a fair deal for workers. And a fair deal for the British taxpayer. This is a major breakthrough for parents and families across the country.”

July 14, 2023 0 comments
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Academic Corruption: Schools Teach Kids As Young As 9 To ‘Masturbate’ For Homework, Have Anal Sex. leading Reporters
Africa & WorldHeadlinesLife Style

Academic Corruption: Schools Teach Kids As Young As 9 To ‘Masturbate’ For Homework, Have Anal Sex –Report

by Leading Reporters June 19, 2023
written by Leading Reporters

A report by Daily Mail said many teachers are ‘indoctrinating’ children with scientifically false claims about biological sex, presenting gender as fluid and furthering a narrative that people can be born in the wrong body.

In UK schools, children are being taught about anal sex and orgasms before they have reached puberty and set ‘masturbation’ as homework, as revealed by secretive lesson plans.

A report by Daily Mail said many teachers are ‘indoctrinating’ children with scientifically false claims about biological sex, presenting gender as fluid and furthering a narrative that people can be born in the wrong body.

This comes as the National Health Service is facing a mass legal action from 1,000 families who claim their children were rushed into taking life-changing puberty blockers’ by the Tavistock Centre.

MailOnline said it found graphic teaching material — including a sex manual for pre-teens — being taught to children in classes around the UK.

This comes after a concerned mother was denied the right to see the content of the lessons being taught to her 15-year-old daughter in her Relationships and Sex Education (RSE) classes, which became compulsory three years ago.

Despite a judge refusing Clare Page the right to see the material, MailOnline can reveal that a wealth of questionable teaching resources is already available online.

Colouring books, word searches and cartoon drawings have also been given to young girls and boys by ‘activist teachers’ in their ‘overarching mission to sexualise children in the name of inclusion’.

Since September 2020, Relationships Education has been compulsory in primary schools and RSE mandatory in secondary schools. The change left many teaching staff seeking guidance.

The void was filled by charities — some harbouring unconventional views on biological sex and sharing material on their websites that reference underage sex.

MailOnline noted that some children are taught that from birth until the age of one, babies can ‘experience pleasurable sensations’ by touching their genitals.

Other things being taught to children include ways for 12-year-old girls to orgasm while masturbating, including pinching or stroking the clitoris.

According to the report, children are also given ‘masturbation’ homework from a pre-compulsory RSE resource and told that girls as young as 12 can find sexual pleasure from anal, vaginal and oral sex.

The report also noted that young schoolchildren are taught that it’s normal to want to masturbate during and even before they hit puberty and told that it’s normal for prepubescent children to be sexually attracted to anyone.

They are also told that gender is different from sex but is a much more intrinsic part of who a person is and taught that people can change their sex from being a man to being a woman.

They are taught that some ‘non-binary’ humans are neither men nor women and that men with the male Y chromosome can actually be women, which goes against the teachings in biology.

An ‘award-winning’ teaching pack for children as young as nine who have learning disabilities created before RSE was made mandatory was similarly graphic. One of the lesson plans suggested teachers ‘show the group pictures of male and female masturbation’ and ‘simulate anatomically correct dolls masturbating’

In the lesson plan for children as young as nine, the images are not blurred and show a boy and a girl masturbating. The boy is shown as he is in the middle of ejaculating while the naked girl is seen touching herself while closing her eyes and opening her mouth.

A colouring book aimed at children as young as five invited users to colour in Zoë, who is ‘non-binary’, which according to the book means ‘they are neither a boy or a girl’.

A colouring book aimed at children as young as five invited users to colour in Zoë, who is ‘non-binary’, which according to the book means ‘they are neither a boy or a girl’.

Another lesson resource, a book called Great Relationships and Sex Education that is ‘extremely popular with RSE educators’, points children aged 11 to 13 to a ‘hands on guide’ to masturbation that suggests it can be ‘highly pleasurable’ to touch your anus, genitals and nipples

The Sex Education Forum (SEF), Coram Life Education and Brook are some of the leading charities that create lesson plans for schools, hold PSHE workshops and point teachers towards related educational material.

Coram Life Education supports 50,000 teachers. Their PSHE education reaches more than 600,000 pupils each year.

Meanwhile, SEF states on its own website that it ‘has a long history of successfully influencing policy’.

Some teachers and educators believe RSE and Relationships Education are necessary subjects for children to learn.

Danielle Baron was a teacher and assistant head for 10 years and has run her own education and coaching company for eight years.

She said: ‘It is of utmost importance to educate children about navigating relationships, as they are particularly vulnerable, and education and knowledge empowers them to recognise warning signs.

‘By providing children with this education and support, we can help them navigate relationships safely and empower them to protect themselves against potential abuse.’

A trainee teacher at a multi-academy trust in southeast London who teaches RSE three times a week in 20 minute session said it was ‘vital’ for it to be compulsory for children to learn about sex and relationships.

He said: ‘Schools have a role outside of family and religious groups to teach it, informed by science. The kids need to know it.

‘Teaching about gender is important.

‘Many schools think [RSE is] secondary. Teachers want resources given to them. The issue is that the resources are not good enough.

‘Maybe we need a firm curriculum. If it’s left up to private groups then potentially different schools give different RSE.’

Yet others disagree. Ray Freeman is the director of the National Council of Integrative Psychotherapists.

He told MailOnline: ‘We need to let children be children. What I fear is more of a political movement, where we have classes of girls saying they are a different sex.

‘Sex is biological. Gender is socially constructed. The aggressive movement is mixing the two.

‘It’s dangerous. Has the world gone mad?

‘I think it is psychologically damaging and it can be physically damaging for a young person to be told they are or can be the opposite sex.

‘We have a duty to protect our children. How can we if you don’t know what they are being taught?’

The Family Education Trust’s Lucy Marsh told MailOnline ‘activist teachers’ were on a path to rip children from their families.

She said: ‘It’s an overarching mission to sexualise children in the name of inclusion.

‘If you normalise underage sex to children, it’s grooming and exposing them to sexual abuse.

‘It’s a mission to sexualise children and people don’t understand there’s a huge safeguarding risk in that. It is child indoctrination.

‘When you think of cults, the first thing they do is separate people from families.

‘They are trying to put a distance between children and their families.’

Mrs Marsh has had personal experience of her child being taught shocking sexual material.

She said: ‘My daughter came home and asked if she was asexual. I said, ”Well I hope you are, because you’re 11!”

‘Children come home and become very upset about it.

‘We need a full public inquiry into the Department of Education. A lot of these providers are sanctioning underage sex.

‘We would like [the government] to press pause on RSE lessons until this investigation is over.’

Vagina Matters is the top free teaching resource on sexual health charity Brook’s website. The book which is aimed at 12 to 14-year-olds girls covers sex, masturbation and orgasms and includes cartoons of a woman’s naked breasts, buttocks and vagina.

The guide, for 12 to 14-year-old girls, says: ‘You can be sexually attracted to anyone.’ It also listed ways to find ‘sexual pleasure’ that included ‘anal sex’ and ‘oral sex’.

Under an ‘advice’ heading it added: ‘You can use your fingers to play with your clitoris – stroke it, massage it, rub it, pinch or squeeze it lightly’.

Meanwhile, political activist Laurence Fox told MailOnline: ‘Disgusting ideologues are trying to put children down an irreversible path of manipulation.

‘The fact they want to hide what they are doing is disgusting. It should alarm every parent.

‘This is entirely anti-scientific dribble. It’s total warfare on the family in the name of inclusion and kindness.’

June 19, 2023 0 comments
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Sudan’s raging war forces more than two million from their homes Leading Reporters
Africa & World

Sudan’s raging war forces more than two million from their homes

by Leading Reporters June 14, 2023
written by Leading Reporters

The fighting has displaced more than 1.6 million people inside Sudan, with another 530,000 fleeing to neighbouring countries.

More than two million people in Sudan have been forced from their homes due to two months of fighting between the country’s army and the paramilitary Rapid Support Forces (RSF), according to the United Nations.

Sudan plunged into chaos on April 15 when months-long tensions between the army chief, Abdel Fattah al-Burhan, and the RSF commander, Mohamed Hamdan “Hemedti” Dagalo, exploded into war.

The fighting continued unabated on Wednesday in parts of the capital, Khartoum, and the western region of Darfur – places that have seen some of the worst battles so far. At least 959 civilians have been killed and about 4,750 others were wounded as of June 12, according to the Sudan Doctors Syndicate, which tracks civilian casualties.

The medical group said the toll could be much higher given that it was unable to take into account those who were killed or wounded in the ongoing clashes in el-Geneina, the provincial capital of West Darfur. The city’s hospitals have been out of service since the fighting erupted there in April, the group said.

The brutal clashes have forced more than 1.6 million people to leave their homes for safer areas inside Sudan, according to the International Organization for Migration (IOM). About 530,000 others have fled to the neighbouring countries of Egypt, South Sudan, Chad, Ethiopia, the Central African Republic and Libya, the UN’s migration agency said.

All of Sudan’s 18 provinces have experienced displacement, with Khartoum at the top of the list with about 65 percent of the total number of displaced people, followed by West Darfur with more than 17 percent, according to the IOM’s Displacement Tracking Matrix.

Ethnic targeting

In el-Geneina, the RSF and allied Arab militias rampaged through the city over the past week, killing and wounding hundreds of people, local activists and UN officials were quoted as saying by The Associated Press news agency.

Activists and residents in el-Geneina also reported that dozens of women were sexually attacked inside their homes and while trying to flee the fighting. Almost all rape cases were blamed on the RSF, which did not respond to repeated requests for comment, according to AP.

On Tuesday, Volker Perthes, the UN envoy in Sudan, said the fighting in el-Geneina had taken “an ethnic dimension”, with Arab militias and armed men in RSF uniforms showing “an emerging pattern of large-scale targeted attacks against civilians based on their ethnic identities“.

Such attacks, “if verified, could amount to crimes against humanity,” Perthes warned.

The RSF denies any involvement in attacks against civilians in Darfur, but refugees who spoke to Al Jazeera last month in settlements inside Chad said they had seen men wearing RSF uniforms joining the fight alongside Arab armed groups.

Khamis Abdalla Abkar, the provincial governor of West Darfur province, accused the RSF and allied armed groups of attacking local communities across el-Geneina. In a phone interview on Wednesday with Saudi-owned television station Al-Hadath, he urged the international community to intervene to protect civilians in his province.

“We haven’t seen the army leave its base to defend people,” he said.

More than a dozen refugees who were interviewed by Al Jazeera last month in Chad had said violence erupted in their towns and villages after the army or the local police left, creating a power vacuum that was filled by Arab militias. Not a single resident said the army offered any protection.

Alice Wairimu Nderitu, the UN special adviser on the prevention of genocide, also condemned “the shocking violence” in el-Geneina. She warned in a statement on Tuesday that such fighting could turn into “renewed campaigns of rape, murder, and ethnic cleansing amounting to atrocity crimes”.

Sudan has been without a functioning government since September 2021, when al-Burhan and Hemedti dismissed Prime Minister Abdalla Hamdok’s transitional government and declared a state of emergency in a move decried by political forces as a “coup”.

The transitional period, which started in August 2019 after the removal of longtime ruler Omar al-Bashir, had been scheduled to end with elections in early 2024.

Darfur had been the scene of brutal war in the early 2000s, when al-Bashir and the military armed and recruited Arab militias nicknamed the Janjaweed to fight mostly non-Arab armed groups, which were rebelling against the state and accusing it of neglect and exploitation. In 2013, the Janjaweed were reorganised into the RSF under the leadership of Hemedti.

An estimated 300,000 people are believed to have died in Darfur’s two-decade conflict.Play Video

Video Duration 01 minutes 21 seconds01:21See inside a refugee camp for Sudanese finding safety in Chad Source: Al Jazeera

June 14, 2023 0 comments
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Leading Reporters Nigerians attacked in Tunisia, as President Saied calls black Africans criminals Image
Africa & World

Nigerians attacked in Tunisia, as President Saied calls black Africans criminals

by Leading Reporters March 3, 2023
written by Leading Reporters

Tunisia’s president claimed their presence was a source of “violence, crime, and unacceptable acts.”

Several Nigerians, as well as their Ivoriens, have fled their homes in Tunisia in the face of state-sanctioned attacks, taking refuge on the premises of their country’s embassy.

They were attacked by Tunisian nationals as President Kais Saied continues to deepen discrimination and unfair prejudice against dark-skinned people from Africa.

Mr Saied recently announced that sub-Saharan migrants were on a mission to weaken the country’s Islamic Arab identity and their presence in the country has to end. 

“There is a criminal plan to change the composition of the demographic landscape in Tunisia and some individuals have received large sums of money to give residence to sub-Saharan migrants,” he said in a statement. 

Mr Saied also spoke at his country’s national security council meeting convened on the matter and referred to the migrants who have sustained the country’s informal economy with surplus cheap labour as “hordes of illegal migrants.” 

He argued that their presence in the country was a source of “violence, crime, and unacceptable acts.” 

Mr Saied insisted on the “need to quickly put an end” to the migration as it was an “unspoken goal to consider Tunisia a purely African country, with no affiliation to the Arab and Islamic nations.”

Since the announcement, hundreds of sub-Saharan migrants have been victims of targeted attacks with the majority having their housing, jobs, and freedom withdrawn. 

Forum Tunisien Pour les Droits Economiques et Sociaux (FTDES) an advocacy group in the country said over 300 migrants have been arrested in the onslaught on trumped-up charges. 

FTDES condemned the assault on the rights of migrants and called on Tunisian authorities to “fight against hate speech, discrimination and racism against them.” 

The group also tasked the government to “intervene in the event of an emergency to guarantee the dignity and rights of migrants.” 

“(We) call on the Tunisian government to respect its commitments to the implementation of international agreements on the rights of migrant workers and refugees, as well as the recommendations of the Universal Periodic Review and The Committee on the Protection of Migrant Workers,” it added. 

The actions of the government of Tunisia are in flagrant violation of the African Charter on Human Rights and Peoples as well as their obligations under the 1951 Geneva Convention on Refugees which Tunisia adopted in 1957. 

March 3, 2023 0 comments
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Africa & World

Zambia Student Serving Prison Term in Russia Dies at Ukrainian Battlefront

by Leading Reporters November 15, 2022
written by Leading Reporters

Zambia is seeking answers from Russia after a Zambian student who was serving a prison sentence in Russia ended up dying at the battlefront in Ukraine.

Nathan Lemekhani Nyirenda, 23, was serving a nine-year prison sentence in Russia after being convicted of drug possession in 2020.

But Zambia’s Foreign Minister Stanely Kakubo, at a Monday news conference, said the government was informed on November 9 that Nyirenda had died at the battlefront in Ukraine.

“The Zambian government has requested the Russian authorities to urgently provide information on the circumstances under which a Zambian citizen serving a prison sentence in Moscow could have been recruited to fight in Ukraine and subsequently lose his life.”

Zambia’s Foreign Ministry says it learned that Nyirenda died on September 22 in Ukraine and that his remains were taken to the Russian border town of Rostov to be sent back to Zambia.

Kakubo, who said he visited Nyirenda’s family, said will communicate more details once the Russian authorities provide more information on the circumstances of his death.

Nyirenda was studying nuclear engineering at the Moscow Engineering Physics Institute before his conviction.

As Russia has struggled in its war against Ukraine, reports from Russia indicate authorities have been recruiting troops from prisons.

November 15, 2022 0 comments
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Africa & WorldHeadlines

Putin Critic Found Dead After Criticizing Russian-Ukraine War

by Folarin Kehinde October 3, 2022
written by Folarin Kehinde

Pavel Pchelnikov, 52, an executive at the Russian-owned rail company, Russian Railways (RDZ) was found shot dead on the balcony of his Moscow apartment on Wednesday, September 28, Sun UK reports.

He was a former Putin ally-turned-war critic and the latest associate of the Russian dictator to die this year.

He reportedly killed himself, according to Russian media.

Just weeks earlier, he had shared sweet pictures from a family holiday.

“It is known that just a month ago, he was on vacation and willingly posted photos from his holiday on social media,” reported the outlet ‘We Can Explain’.

“What could have pushed the man to a desperate act is unknown.”

Russian Railways has reportedly come under pressure from the Kremlin recently over its failure to stop Ukrainian hackers from shutting down its network.

This has led to critical delays in supplies reaching the war front line.

The company was slapped with EU sanctions on February 27 in the early days of the war.

On April 11, the firm defaulted on a bond interest payment, the first sanctioned business to do so.

In July, the firm publicly called on the EU to lift the sanctions, claiming they were “limiting the ability of RDZ to perform socially significant, humanitarian functions and are discriminatory in relation to the population of the Russian Federation.”

The company also criticized the war in Ukraine after the firm’s website crashed following Putin’s mobilisation announcement, as thousands tried to flee the draft abroad.

The company was forced to issue a statement denying state media reports that men of fighting age must show their military service status before buying tickets.

Last week, Anatoly Gerashchenko, the former rector of the Moscow Aviation Institute (MAI), died after reportedly falling down a series of flights of stairs on Tuesday.

According to reports, the 73-year-old aviation chief fell down “several flights of stairs” at the Institute and died at the scene.

Gerashchenko is rumoured to have fallen out with Putin’s inner circle, forcing him from his position as rector seven years ago.

Also, Earlier this month, Ivan Pechorin – Putin’s point man for developing Russia’s vast Arctic resources, reportedly fell off the side of a boat in waters close to Russky Island in mysterious circumstances.

A huge rally in Moscow on Friday, September 30, will see the declaration of victory in referendums in Donetsk, Kherson, Luhansk, and Zaporizhzhia, comprising 15 percent of the total Ukraine landmass.

source

October 3, 2022 0 comments
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Indonesia
Africa & WorldHeadlinesSports

Tragedy As Hundreds Die In Indonesia Football Crisis.

by Folarin Kehinde October 3, 2022
written by Folarin Kehinde

Over 125 people have died and more than 300 injured in a tragic football incident at an Indonesia stadium.

Supporters of Arema FC and rival Persebaya Surabaya, two of Indonesia’s biggest soccer teams, clashed in the stands after home team Arema FC was defeated 3-2 at a match in the city of Malang in East Java, police said.

Supporters from the losing team then “invaded” the pitch and police fired tear gas, triggering a fan crush that led to cases of suffocation, East Java police chief Nico Afinta said during a press conference following the event.

“It had gotten anarchic. They started attacking officers, they damaged cars,” Nico said, adding that the crush occurred when fans fled for an exit gate.

Video footage from local news channels showed fans streaming onto the pitch after Arema FC lost 3-2 to Persebaya Surabaya around 10 p.m. (1500 GMT). Scuffles can be seen, with what appeared to be tear gas in the air.

Images showed people who appeared to have lost consciousness being carried away by other fans.

The head of one of the hospitals in the area treating patients told Metro TV that some of the victims had sustained brain injuries and that the fatalities included a five-year-old child.

Two police officers were also among the dead because the crush occurred when fans fled for an exit gate.

More than 300 people were injured, according to Indonesian authorities, with fears that the death toll could rise.

Earlier on Sunday, the governor of the East Java province, where the incident occurred, said the death toll was at 131. National Police Chief Listyo Sigit Prabowo clarified the discrepancy of the previous higher numbers saying it was due to some casualties being recorded twice.

Indonesian President Joko Widodo, also known as Jokowi, on Sunday ordered all league matches to be halted until investigations were completed.

“I have specially requested the police chief to investigate and get to the bottom of this case,” Jokowi said in a televised speech. “Sportsmanship, humanity and brotherhood should be upheld in Indonesia.”

“I regret this tragedy and hope that it will be the last to occur in Indonesian football. We cannot have anymore (of this) in the future.”

October 3, 2022 0 comments
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Burkina Faso
Africa & WorldHeadlines

Burkina Faso Protesters Burn French Embassy

by Folarin Kehinde October 3, 2022
written by Folarin Kehinde

Citizens of Burkina Faso have attacked and burnt the French Embassy in protest over France’s involvement in the nation’s affairs.

Protesters in support of the new military leader of Burkina Faso, Ibrahim Traore stormed the country’s capital, Ouagadougou and burnt the French embassy there.

The protesters accused France of hiding the ousted military leader, Lt Col Paul-Henri Sandaogo Damiba.

The whereabout of Damiba is unclear but French authorities have denied any involvement and condemned the violence. 

Meanwhile, protesters shouted angry, anti-France slogans including: “We don’t want France anymore. We no longer want France to be in Africa” and “Down with France.”

Some added: “We call on Russia” and suggested Russian intervention was preferable to any involvement by their former colonisers.

One demonstrator said: “We want frank cooperation with Russia. That’s why we hold the three flags. The Russian, Malian and Burkinabe flags.”

Another explained: “Damiba has failed and the people are not happy.  And we are indeed going out today to show the whole world that we do not want this man anymore.

“At the moment, we have very seasoned soldiers who have taken power and we will support them until terrorism is driven out of our country.”

Damiba had promised to tackle jihadist violence but critics accused him of being too close to France which maintains a military presence in the region. 

French spokeswoman Anne-Claire Legendre said condemned the violence against the embassy and said the protests were “the work of hostile demonstrators, manipulated by a campaign of disinformation against us.”

October 3, 2022 0 comments
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Africa & WorldHeadlines

King Charles Image Revealed On British Coin

by Folarin Kehinde September 30, 2022
written by Folarin Kehinde

King Charles III’s image on coin has been revealed for the first time.

The 50p coin is the first piece of new money that features the new monarch and will begin circulating in December.

The King’s portrait will first begin appearing on a special £5 Crown as well as on 50p coins that commemorate the Queen, MyLondon reports.

Nicola Howell, chief commercial officer at the Royal Mint said: “We expect customers will start to be able to receive the commemorative range from October and then we expect the 50p memorial circulating coin to be appearing in people’s change probably from December.”

Martin Jennings sculptured the King’s effigy which the Mint said has been personally approved by Charles.

Chris Barker from the Royal Mint Museum said: “Charles has followed that general tradition that we have in British coinage, going all the way back to Charles II actually, that the monarch faces in the opposite direction to their predecessor.”

He described the portrait as: “Dignified and graceful, which reflects his years of service”.

The Latin inscription surrounding the effigy reads: “• CHARLES III • D • G • REX • F • D • 5 POUNDS • 2022” which translates to: “King Charles III, by the Grace of God, Defender of the Faith”.

Anne Jessopp, chief executive officer of the Royal Mint, said: “The Royal Mint has been trusted to make coins bearing the monarch’s effigy for over 1,100 years and we are proud to continue this tradition into the reign of King Charles III.

“Although technology has progressed, we continue to honour British craftsmanship passed down through the centuries.

“Our team of skilled modellers, tool makers and engravers will ensure that the King’s effigy will be faithfully replicated onto millions of coins.

“Her Late Majesty ruled with heart and devotion for 70 years, and this memorial collection commemorates her remarkable legacy as Britain’s longest-serving monarch.

“To ensure everyone can hold a piece of history in their hand, the 50p will also enter circulation in the UK.”

September 30, 2022 0 comments
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Africa & WorldHeadlines

Liz Truss Under Fire As British Pound Fall To Record Low

by Folarin Kehinde September 26, 2022
written by Folarin Kehinde

Liz Truss the new British Prime Minister who replace Boris Johnson has come under sharp criticism after the pound hit record low against the dollar.

This was due to last week’s huge tax-cutting budget.

The main opposition Labour Party lambasted Truss for the massive spending plans, which some economists warn could further fuel inflation.

Labour’s finance spokeswoman Rachel Reeves described the situation as a “national emergency” and likened Truss and her chancellor of the exchequer Kwasi Kwarteng to “two desperate gamblers in a casino chasing a losing run”.

“The message from financial markets was clear on Friday and this morning that message is even more stark: sterling is down. That means higher prices, as the costs of imports rise,” she said.

“The cost of government borrowing is up. That means that more taxpayers money will go into paying the interest on our government debt.

“And in turn that means the cost of borrowing for working people will now go up to with higher mortgage repayments,” she told Labour’s annual conference in Liverpool, northwest England.

Britain has been facing a cost-of-living crisis with soaring energy prices coupled with inflation and wage stagnation.

Kwarteng was appointed finance minister by Truss earlier this month after she took office following a leadership battle to replace Boris Johnson as head of the ruling Conservative Party.

On Friday Kwarteng unveiled a multi-billion-pound package to support households and businesses.

He also slashed taxes, bringing forward a plan to cut the lowest rate of income tax and reducing the highest to 40 percent from 45 percent to kickstart the economy

But investors were spooked by the huge amount of borrowing likely needed for the package, which critics said would benefit the rich far more than the poorest hit by the cost-of-living crisis.

The cost of the energy support measures alone have been calculated at £60 billion ($65 billion) for only six months.

But economists estimate the whole tax package at between £100-200 billion.

The pound on Monday struck an all-time low at $1.0350 before regaining some ground to stand at $1.0728 around 1115 GMT.

The pound had already suffered a series of 37-year lows against the greenback this month on UK recession fears propelled by high inflation.

September 26, 2022 0 comments
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