The Federal Reserve indicated it would not raise interest rates until inflation has been higher than 2 per cent “for some time”, as it sought to boost its monetary response to the pandemic.
The new guidance from the Federal Open Market Committee implements a shift towards a more dovish long-term policy stance that was endorsed by the Fed last month, and is likely to translate into rock-bottom interest rates for years to come.
On Wednesday, the Fed’s top monetary policymakers predicted that t…
1.6 million families have £60 quietly deducted from their benefits – see the worst-hit areas – Mirror Online
EXCLUSIVE: At least £100m was deducted from people on Universal Credit at the height of lockdown, the Government has admitted
More than 1.6 million families on Universal Credit had an average sum of £60 deducted from their benefits during the coronavirus lockdown in May.
At least £100m was deducted from people on the benefit, at a time when campaigners warn that the need for food banks was increasing dramatically and families across the UK were plunged into financial uncertainty.
Two in five households on Universal Credit had money deducted from their claim in May, almost entirely to repay loans to the Department for…
Families across Scotland had £60 quietly deducted from benefits during height of lockdown – Daily Record
The SNP is calling for reform as figures show 1.6 million people across the UK had to pay back an average of £60 from their benefits in one month.
An incredible £100 million was clawed back from Universal Credit claimants by the Tory government in one month at the height of the coronavirus lockdown.
More than 1.6 million people across the UK in receipt of Universal Credit had an average of £60 deducted from their benefits in May when thousands had to claim benefits because of lockdown, according to the Department of Work and Pensions own figures.
The staggering sum has been uncovered by Glasgow MP Chris Stephens who has campaigned for th…
Unity Software shares surge on IPO debut – Financial Times
First-day pop briefly lifts valuation of video-game technology supplier above $20bn
Shares of Unity Software, which provides technology to video game developers, advanced as much as 48 per cent in their public debut on Friday, lifting the valuation of the company briefly above $20bn.
The first-day pop in Unity’s share price followed an initial public offering that used an unconventional process to gauge investor demand. Its stock rose as high as $76.79 in early trading after the company sold 25m shares at $52 a piece, raising $1.3bn in proceeds.
Unity’s shares, which trade on…
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