Well, this isn’t going to squash the cheating rumors!
12.10.2022 - 14:52 / dailyrecord.co.uk
It has been announced that the UK's economy shrank unexpectedly in August, which is continuing to spark fears of a recession.
Economists had been predicting that there would be zero growth during that month, but official figures from the Office of National Statistics (ONS) show that gross domestic product (GDP) dropped by 0.3% between July and August.
This news comes amid fears that the UK is heading into another recession as the cost of living crisis continues to put pressure on businesses and households.
According to Reuters, the fall in GDP was down to weakness in manufacturing and maintenance work in North Sea oil and gas fields.
It comes after Prime Minister Liz Truss and chancellor Kwasi Karteng had promised to speed up the growth.
Here's what a "shrinking" economy actually means, and how it affects our money.
According to LinkedIn, a shrinking economy happens when there is a drastic change in market activity.
It means that consumer demand is lowering, creating an unhealthy surplus of goods, services and human resources.
Economies grow and shrink all the time, because even the smallest of changes can affect how the system operates. For example, during the Covid measures, a decline in the number of people out spending money led to low sales and income - meaning many businesses were forced to let people go from their jobs.
This time, the economy shrinking could be down to a number of different factors.
According to CNBC, the UK's economy looks set to plunge because of surging inflation hitting households hard, which forces the Bank of England to raise interest rates quickly.
This shrinking of the economy often leads to a recession, with uncontrolled inflation being one of the main causes.
Many people will already have
Well, this isn’t going to squash the cheating rumors!
Living the single life. Gisele Bündchen is living in Miami amid her divorce from Tom Brady, Us Weekly can confirm.
The chaos surrounding the UK Government is not only bad for the economy, but potentially disastrous for the environment, a leading West Lothian businessman has said.
Khloe Kardashian took a trip down memory lane on Thursday's episode of on Hulu. Deciding she needs a mom's night out (but don't call it that!) with her older sister, Kim Kardashian, amid the ongoing drama with her ex Tristan Thompson, Khloe and Kim take Miami, Florida, for a SKIMS swimwear launch and a night of drunken fun. When they touch down in Miami — on Kim Air, obvi — Khloe immediately calls up her former partner in crime, Kourtney Kardashian, to reminisce about their days on the spinoff series,, which ran for three seasons in 2009. Kim, who is sitting in the car next to Khloe during the phone call, half-heartedly tells her sister, «I wish you would have come.»Kourtney awkwardly replies, «I never heard about it until just this very second.»«Really?» asks Kim before copping to, «I should have invited you, but I didn't think you'd even want to come.»In an aside interview, Kourt explains that Kim's not wrong, but that doesn't mean she doesn't want an invite. «Look, guys, I probably wouldn't have come but at least invite me!» she says laughing. Kourtney then ends the call, saying, «Umm, well, have the best time! Love you guys.»A post shared by Khloé Kardashian (@khloekardashian)The awkward moment doesn't stop Khloe from reflecting on the good ole days with Kourt in Miami. «I was 23, single, and it was three months of just drunkenness,» she recalls fondly.
III Points Festival is back at the Mana Wynwood Convention Center from Oct. 21-22 with some of the biggest names in EDM, reggaeton, electropop, dance-punk and electronic rock.Just a few of the biggest artists on the bill include crowd favorite LCD Soundsystem, rising star Rosalia, electro-house icon Porter Robinson, genre mixer Flume and post-dubstep pop singer James Blake.They’ll be joined by fellow party starters Freddie Gibbs, Bob Moses, Trick Daddy, Trina and The Marias as well.III Point’s lineup is so stacked we didn’t even mention that Busta Rhymes is performing too.Best of all, last-minute tickets are still available.At the time of publication, the lowest price we could find on two-day general admission passes was on Vivid Seats for $172 before fees.If you’re hoping for a single-day or VIP experience, you can find tickets for both here.All prices are subject to fluctuation.In total, over 125 acts will take the stage over the course of the two-day extravaganza.Fisher, Black Coffee, Joji, Madeon and Polo & Pan are just a taste of the rest of the expansive lineup.Completists, no need to worry.
Summer might be over but the stars of The Real Housewives of Miami are about to return to heat things up on Peacock. As a treat to fans at BravoCon, it was announced that the reality series will return to the streaming service starting December 8. Watch the trailer for RHOM Season in the video above.
David and Victoria Beckham are proud homeowners, and regularly give fans a peek inside their beautiful family homes in London and the Cotswolds, but they are not the only properties owned by the couple.LOOK: See inside David and Victoria Beckham's £31million London homeThe Beckhams have invested much of their fortune into real estate, and also own homes in Miami and Dubai, as well as a luxury yacht, in a property portfolio worth an estimated £73million. Whether they're enjoying a romantic getaway in their Cotswolds bolthole, or the couple have the whole family together in their Miami penthouse, the duo certainly have one of the most impressive celebrity property portfolios. Get all the details on David and Victoria's incredible houses below…WATCH: Inside the Beckhams' stunning homesBack in 2013, David and Victoria splashed out £31million on their incredible seven-bedroom home in the exclusive area of Holland Park, London.
A day after President Joe Biden drew criticism from conservatives on social media for giving unsolicited dating advice to a young teen girl in California, the president is again in hot water for claiming the "economy is strong as hell." The comment came during a conversation with a reporter at a Baskin Robbins in Portland, Oregon, who asked the president if he had any worry about the strength of the U.S. dollar amid rising inflation. With a chocolate chip ice cream cone in his hand, Biden answered: "I’m not concerned about the strength of the dollar.
British Prime Minister Liz Truss will move to reshape her government’s economic policy after firing Chancellor of the Exchequer Kwasi Kwarteng and dropping key parts of her economic plan in response to market panic caused by the proposed "mini-budget." "After the fallout from the mini-budget, the Prime Minister needed to take drastic action to calm the markets and save her job," Alan Mendoza, executive director of the Henry Jackson Society, told Fox News Digital. "Sacking the architect of the policy, while brutal, was the most logical way to restore confidence and give her some breathing space to regroup politically." "Once [Truss] reached that conclusion it was only a matter of time before she acted on it, as had she not, it would now be her head on the platter rather than his," Mendoza added. The British pound dropped sharply after the government announced Kwarteng’s "mini-budget," a series of cuts to taxes intended to spur growth and fight record inflation.The program proved contentious, and Kwarteng did not explain how the government planned to fund the cuts and offset the costs. "We need a new approach for a new era, focused on growth," Kwarteng told lawmakers in the House of Commons when he introduced the plan, which he argued would provide short-term help for homes and businesses in the face of spiking energy costs while trying to increase tax revenues in the coming years. FILE - Britain's Chancellor of the Exchequer Kwasi Kwarteng arrives in Downing Street in London, on Sept.
Ian Blackford has accused Liz Truss of "ignoring the damage and the chaos" of her mini-budget that plunged the markets into turmoil due to her unfunded tax cuts.
A University of Miami fraternity has been shut down after a video surfaced purportedly showing its members saying an explicit chant at a party. In the video initially obtained by The Miami Hurricane, the Sigma Phi Epsilon members apparently chant about sexually assaulting a dead woman: "We dig her up every now and then, yo-ho, yo-ho.
Cristiano Ronaldo is reportedly interested in the prospect of potentially making a move to David Beckham’s Inter Miami in the MLS.
Jennifer Lopez and Ben Affleck are back in Los Angeles.
The stars are stepping out to remember JR Ridinger.
Small-town Main Streets around the country are competing to win the title of Great American Main Street. The award, first given out in 1995, has recognized over 100 Main Streets in America since the program's start. The Great American Main Street Award recognizes outstanding Main Street communities that can serve as a model across the country for preservation-based district revitalization. Main Street America, a nonprofit, has announced the top eight semifinalists for the 2023 award including Danville, Virginia, Denison, Texas, Florence, South Carolina and Metuchen, New Jersey. The winners will be announced on March 27, 2023, during the Opening Plenary of the 2023 Main Street Now conference in Boston.