British | InsideOjodu https://www.insideojodu.com ...conecting the community Wed, 19 Oct 2022 09:19:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.10 http://www.insideojodu.com/wp-content/uploads/2018/12/favicon.ico British | InsideOjodu https://www.insideojodu.com 32 32 UK inflation accelerates to 10.1% in September https://www.insideojodu.com/uk-inflation-accelerates-to-10-1-in-september/ https://www.insideojodu.com/uk-inflation-accelerates-to-10-1-in-september/#respond Wed, 19 Oct 2022 09:19:07 +0000 https://www.insideojodu.com/?p=35228 British inflation jumped back into double digits in September, official data showed on Wednesday,…

The post UK inflation accelerates to 10.1% in September first appeared on InsideOjodu.]]>
British inflation jumped back into double digits in September, official data showed on Wednesday, pushed up by soaring food prices as the country is gripped by a cost-of-living crisis, AFP reports.

The Consumer Prices Index accelerated to 10.1 per cent on an annual basis, up from 9.9 per cent in August and back to its July high, according to the Office for National Statistics.

The September rate matched the level in July and is the highest in 40 years as a result also of sky-high energy bills.

“I understand that families across the country are struggling with rising prices and higher energy bills,” Britain’s new finance minister Jeremy Hunt said in a separate statement.

This government will prioritise help for the most vulnerable while delivering wider economic stability and driving long-term growth that will help everyone.”

The government has been rocked by chaos in markets in the wake a budget that pledged uncosted tax cuts.

The majority of those measures have since been reversed, leaving Prime Minister Liz Truss fighting to save her job.

Following widespread criticism over the budget, Truss sacked Hunt’s predecessor, Kwasi Kwarteng, after less than six weeks in the role.

Analysts said Wednesday’s data would put pressure on the Bank of England to keep raising its main interest rate by sizeable amounts.

Capital Economics noted that the BoE could hike its rate by as much as one percentage point to 3.25 percent at its next meeting in November.

The post UK inflation accelerates to 10.1% in September first appeared on InsideOjodu.]]>
https://www.insideojodu.com/uk-inflation-accelerates-to-10-1-in-september/feed/ 0
Daughter of former Formula 1 chief, robbed of $66m in jewelry https://www.insideojodu.com/daughter-of-former-formula-1-chief-robbed-of-66m-in-jewelry/ https://www.insideojodu.com/daughter-of-former-formula-1-chief-robbed-of-66m-in-jewelry/#respond Mon, 16 Dec 2019 17:29:38 +0000 https://www.insideojodu.com/?p=9550 Nearly $67 million worth of jewellery was stolen from the London home of British…

The post Daughter of former Formula 1 chief, robbed of $66m in jewelry first appeared on InsideOjodu.]]>
Nearly $67 million worth of jewellery was stolen from the London home of British socialite Tamara Ecclestone, and her father — the former head of Formula 1 — believes it was an “inside job.”

Hours before the apparent heist occurred Friday night, Ecclestone, 35, left the country for the holidays. The home, located on “Billionaire’s Row” in Kensington, has 57 rooms and a 24-hour security team — leading her father Bernie Ecclestone to claim conspiracy.

“I don’t have all the facts but given all the security at the house, I’m assuming it was an inside job,” Ecclestone, who was head of the F1 racing empire until 2017, told The Sun. “The police should be able to work it out, shouldn’t they?”

Over the course of 50 minutes, three people allegedly broke past security checkpoints and into the mansion, where they stole earrings, rings, and a Cartier bracelet worth more than $106,000 from safes. They apparently ran when they were spotted by a security guard.

“Whoever did this was in the house for 50 minutes in total and had time to smash open the safes that are hidden in Tamara’s dressing room and [husband] Jay’s dressing room,” a neighbour told the news outlet. “Neither would be easy to find.”

A spokesperson for the family said: “Tamara and family are well but obviously angry and shaken by the incident.”

“I can sadly confirm that there has been a home invasion,” the spokesperson continued. “Internal security is cooperating with police in this matter.”

Bernie Ecclestone added: “Tamara is fine, she’s not happy but thank God no one was in the house. No one was at home apart from security. It’s all a bit funny at the moment. These things happen and you’ve got to get on with things.”

Dubbed “Billionaire’s Row,” Kensington Palace Gardens in West London is home to some of the most expensive houses in the world. The street is permanently guarded by Diplomatic Protection Group officers.

The Metropolitan Police Service said no one has been arrested in connection with the incident.

The post Daughter of former Formula 1 chief, robbed of $66m in jewelry first appeared on InsideOjodu.]]>
https://www.insideojodu.com/daughter-of-former-formula-1-chief-robbed-of-66m-in-jewelry/feed/ 0
Brexit: The UK ready for general election after MPs’ vote https://www.insideojodu.com/brexit-the-uk-ready-for-general-election-after-mps-vote/ https://www.insideojodu.com/brexit-the-uk-ready-for-general-election-after-mps-vote/#respond Wed, 30 Oct 2019 03:39:56 +0000 https://www.insideojodu.com/?p=8426 After MPs were solidly behind the British PM’s call for an election as a…

The post Brexit: The UK ready for general election after MPs’ vote first appeared on InsideOjodu.]]>
After MPs were solidly behind the British PM’s call for an election as a result of months of Brexit deadlock, the UK is ready to hit the polls on December 12th.

The House of Commons consented the legislation by a wide margin of 438 votes to 20. Making the first December election since 1923 possible.

However, the bill yet to be approved by the Lords could become law before the week runs out.

There will be a five-week campaign up to polling day if that goes into effect.

The PM, Boris Johnson believes that the citizens of Britain must be “given a choice” over Brexit’s future and the country as a whole.

The Brexit deal and Parliamentary deadlock have been the cause of the UK’s exit being further extended to 31st January. Nonetheless, Boris Johnson hopes that the election will give him a fresh mandate.

“It is time to come together to get Brexit done,” The PM said as he exited a meeting of the 1922 Committee of backbench Conservatives held shortly after the vote.

The post Brexit: The UK ready for general election after MPs’ vote first appeared on InsideOjodu.]]>
https://www.insideojodu.com/brexit-the-uk-ready-for-general-election-after-mps-vote/feed/ 0