Hugo Duncan

Ofcom boss Sharon White (pictured) and former minister Baroness Vadera are among the women tipped for the Governor’s job, whose responsibilities include regulating the City of London.

The Prime Minister and new Chancellor Rishi Sunak were urged not to raid the retirement pots of prudent savers in next month’s Budget.

Taxes are set to hit £1trillion for the first time as the squeeze on British families intensifies, Budget documents reveal. The bill will rise to the highest percentage of GDP since the early 1950s.

Interest rates will rise again this year but the increases must be ‘measured’, according to Huw Pill, the chief economist at the Bank of England.

The US, UK, Canada, France, Germany, Italy and the European Commission have said they will stop the bank selling its $630billion war chest of foreign reserves.

Tory MPs demanded the Chancellor go further on his pledge to cut taxes tonight as figures revealed the Treasury is set to rake in £1trillion a year.

Prime Minister Boris Johnson, pictured, yesterday in Southampton dismissed calls for the imposition of a windfall tax on big energy companies to help solve the UK’s cost of living crisis.

The Bank of England is expected to increase the base rate from 1 per cent to 1.25 per cent this Thursday, meaning the country has seen the steepest run of rises in 25 years.

In a bleak assessment, Andrew Bailey said the economy was at a ‘turning point’ following its post-Covid recovery as it is battered by a ‘very large national real income shock’.

<a target=“_self” href=”/sport/football/article-12761713/Everton-stunned-TEN-POINT-deduction-breaking-Premier-League-financial-rules-plunges-second-bottom-table-Blues-plot-immediate-appeal.html”>Everton have been deducted 10 points</a>. The penalty plunges Sean Dyche’s side down from 14th to 19th place in the table. Southgate’s loyalty to his players is an issue and a weakness -