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CHAIRMAN MOGG! His funds back firms with communist links

Star player: How Jacob Rees-Mogg might look in a Chairman Mao cap The investment company set up by Business Secretary Jacob Rees-Mogg has multimillion pound shareholdings in Russian and Chinese companies, The Mail on Sunday can reveal. The stakes held by Somerset Capital Management (SCM) will raise eyebrows at a time of fraught relations between …

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Stamp duty cut calculator: How much will you pay after the mini-Budget?

A stamp duty cut was announced today by Chancellor Kwasi Kwarteng in his mini-Budget but home buyers hoping for a major overhaul will have been left disappointed. The threshold at which stamp duty kicks in will be immediately and permanently doubled from £ 125,000 to £ 250,000, but the rates will not change meaning the …

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It pays to have breakdown cover for your vehicle, says RAY MASSEY

Going without breakdown cover for your vehicle, even as costs rise through inflation, could ultimately prove a false economy, says RAY MASSEY By Ray Massey Motoring Editor For The Daily Mail Published: 4:51 PM EDT, September 23, 2022 | Updated: 3:08 am EDT, September 24, 2022 As the cost of living crisis bites, the need …

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Savings accounts now pay more than 4% after interest rate hike

Following the Bank of England’s decision to up the base rate earlier today, a number of savings providers have responded in kind. The Monetary Policy Committee increased the base rate for the seventh time since December – by 0.5 percentage points to 2.25 per cent. Although, most savers will be unlikely to see any changes …

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Will the BoE hike by 0.75% as dollar crushes pound after US rate rise?

Dollar crushes the pound and euro after the Fed pushes ahead with another 0.75% interest rate hike but will the Bank of England follow suit today? By Lucy White and John-paul Ford Rojas For The Daily Mail Published: 4:50 pm EDT, September 21, 2022 | Updated: 4:10 am EDT, September 22, 2022 America’s central bank …

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ALEX BRUMMER: Borrowers set for a shock amid rush to higher rates

The rush to higher interest rates: Mortgage holders and other borrowers should prepare for a shock, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 4:52 PM EDT, September 20, 2022 | Updated: 4:52 PM EDT, September 20, 2022 Markets don’t generally look to Sweden’s Riksbank for leadership on interest rates, even though …

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