The last time sterling fell off a cliff we were in the midst of global financial crisis from 2007 to 2008. The currency shock sent inflation shooting up to 5.2pc, abruptly squeezing on real living standards.
On that occasion the poor were at least protected. Benefits and in-work tax credits were indexed to inflation. Social cohesion was preserved.
Read the Full Article: Source – The Telegraph
Time For Truth: (The Telegraph) – Inflation: next year's ticking time bomb
Donald Trump over the weekend delivered a closing argument against Hillary Clinton and the “totally rigged system” he says enables her — but the businessman’s presidential campaign expressed open frustration Sunday that a policy-centric message once again has been drowned out.
Read the Full Article: Source – The Washington Times
Time For Truth: (The Washington Times) – Trump closing argument is battle cry against Clinton corruption
Relations between Moscow and Washington are on a precipitous decline, as Russia attempts to assert itself as a resurgent world power in Eastern Europe and the Middle East.
Read the Full Article: Source – The Jerusalem Post
Time For Truth: (The Jerusalem Post) – US and Russia in dangerous spiral
Commenting on US Vice President Joe Biden’s statement on the possibility of cyberattacks against Russia, Vladimir Putin said it’s the first time that Washington has admitted involvement in such actions.
Putin noted that US threats of hack attacks do not correspond to the norms of international relations.
Read the Full Article: Source – Russia Today
Time For Truth: (Russia Today) – Putin on Biden cyberthreat: First time US admits such thing on highest level
Secretary of State John Kerry promised that the United States would retaliate against Russian President Vladimir Putin’s attempts to meddle in the American presidential election.
Read the Full Article: Source – Washington Examiner
Time For Truth: (Washington Examiner) – Kerry threatens retaliation for Russian meddling in US election