Consumer sentiment declined sharply in March, with worries over inflation and a falling stock market impacting the University of Michigan’s latest survey, which showed a 10.5% drop from February. Expectations for the future fell by 15.3%, with concerns growing over President Trump’s tariffs and increasing uncertainty in economic policies. Despite these challenges, stocks remained positive, and the Federal Reserve is expected to maintain interest rates, although traders are pricing in rate cuts later in the year.
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Keir Starmer Will Face Down Labour Rebels To Slash Billions From Welfare Budget
A former Tory Cabinet minister expressed support for Labour's controversial plans to slash £6 billion from the welfare bill, questioning if the Tories could have done the same. The decision to cut from welfare, raid the international development budget, and remove winter fuel payments were not in Labour's election manifesto, causing backlash from MPs and voters alike. Despite criticism, Downing Street remains firm in their decision, citing the need to rewire the economy and prioritize...
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