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Britain's Borrowing Outlook Darkens As Energy Shock Deepens
Britain's Borrowing Outlook Darkens As Energy Shock Deepens
Via City AM,
The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge.
Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets.
The Bank of England has warned that a severe energy shock could push inflation above 6% and force tighter monetary policy.
Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran...
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30-Year Fixed-Rate Mortgage Reaches Highest Level In Almost A Year
30-Year Fixed-Rate Mortgage Reaches Highest Level In Almost A Year
Authored by Naveen Athrappully via The Epoch Times,
The average weekly rate on a 30-year fixed-rate mortgage is at its highest level in nearly a year, contributing to elevated housing costs and dampening buyer interest.
A home for sale in Alhambra, Calif., on Aug. 28, 2025. Frederic J. Brown/AFP via Getty Images
For the most recent week, the mortgage rate was at 6.55 percent, according to a July 16 statement by Freddie Mac. This is the highest level since the week ending Aug....
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Jun 24, 2026 / Dave DeCamp
US Central Command Launches Airstrike in Syria, Says ‘Senior ISIS Leader’ Killed
US Central Command on Wednesday said that its forces launched an airstrike in Syria on June 19 that it claimed killed a “senior ISIS leader,” an attack that came more than two months after the US completed a withdrawal from the country. CENTCOM identified the target as Ali Husayn al-‘Ulaywi and offered no other details […]
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