Latest news with #Nunn
Daily Mail
21 hours ago
- Business
- Daily Mail
Lloyds chief sounds alarm over tax hikes - as latest figures show economy slowing and unemployment rising
The boss of Britain's biggest mortgage lender yesterday warned Rachel Reeves against further tax hikes – as new figures showed the economy slowing and unemployment rising. Charlie Nunn, chief executive of Lloyds Banking Group, said increasing taxes on banks 'wouldn't be consistent' with helping them boost the economy. Nunn pointed to the Chancellor's acknowledgment of a 'stronger economy needing a strong financial services sector' and the role for banks in supporting households, businesses and foreign investment in the UK to 'get us on a faster growth trajectory'. 'We definitely think that's an important thing to focus on and therefore wouldn't be consistent with tax rises,' Nunn said. He said Britain already had the highest taxes on the financial services sector of any major economy. 'It is important when you look at the competitiveness of the City of London and the financial services sector that we remain a competitive tax regime,' Nunn added. It came as a monthly purchasing managers' index survey (PMI) pointed to 'sluggish' private sector activity, suggesting the economy is on course for quarterly growth of just 0.1 per cent. The survey's 'flash' reading for July of 51 was down from 52 in June – where the 50-mark separates growth from contraction. It also revealed that employers have stepped up the pace of job cuts to the fastest since February. The performance is largely blamed on the Chancellor's £25billion employer national insurance raid and global uncertainty, the survey found. Yet speculation is growing that Reeves will raise taxes this autumn as slowing growth, U-turns on spending cuts and higher borrowing costs make it harder for the sums to add up. Lloyds has altered its economic outlook for the UK, upgrading its growth forecast for the year from 0.8 per cent to 1 per cent. It predicts 1pc growth for 2026 – from a previous forecast of 1.4 per cent. On unemployment, a jobless rate of 4.8 per cent is predicted for this year – up from 4.7 per cent – and 5 per cent next year – up from 4.8 per cent. However, Nunn said households and businesses were 'improving their financial health'. He added: 'On a relative basis to other economies, the UK's in an OK place. It's obviously been impacted by the uncertainty in the tariffs going on globally.' The group, which also owns Halifax and Bank of Scotland, reported a better-than-expected 5 per cent rise in first-half profits to £3.5billion. He also welcomed plans to loosen red tape, after the Chancellor described regulation as a 'boot on the neck of businesses'. Storm clouds gather Consumer confidence has fallen as households sense 'stormy conditions ahead'. A monthly reading of sentiment from market researchers GfK fell to minus 19 from minus 18 in June. Neil Bellamy, its consumer insights director, said 'many will conclude consumers are in a cautious wait-and-see mood' but some may be more anxious. 'With speculation growing over possible tax rises in the Budget and price pressure contributing not just to higher inflation but also to the likelihood of worse inflation to come, the news is worrying,' he added. A rise in savings to its highest level since November 2007, 'does indeed suggest people are anxious', he said.
USA Today
6 days ago
- Sport
- USA Today
50 days till the Arizona Cardinals' 2025 season opener: Who has worn No. 50?
With 50 days till the Cardinals open the season against the Saints, we look at the players who have worn No. 50. We are counting down to the start of the 2025 regular season for the Arizona Cardinals and are less than eight weeks away. They will open the season on the road against the New Orleans Saints on Sept. 7. That is 50 days away. As we count down the remaining days of the offseason, let's look at who has worn that number uniform over the years for the Cardinals. Who has worn No. 50? Cardinals players to wear No. 50 Rookie linebacker Cody Simon, drafted in the fourth round this year, currently wears No. 50. Nunn wore many numbers for the Cardinals. He was the best to wear No. 50. Get more Cardinals and NFL coverage from Cards Wire's Jess Root and others by listening to the latest on the Rise Up, See Red podcast. Subscribe on Spotify, YouTube or Apple podcasts.
USA Today
16-07-2025
- Sport
- USA Today
53 days till the Arizona Cardinals' 2025 season opener: Who has worn No. 53?
With 53 days till the Cardinals open the season against the Saints, we look at the players who have worn No. 53. We are counting down to the start of the 2025 regular season for the Arizona Cardinals and are less than eight weeks away. They will open the season on the road against the New Orleans Saints on Sept. 7. That is 53 days away. As we count down the remaining days of the offseason, let's look at who has worn that number uniform over the years for the Cardinals. Who has worn No. 53? Cardinals players to wear No. 53 Linebacker Vi Jones, picked up late last season, currently wears No. 53 Nunn was probably the best play to wear No. 53, but he wore several numbers in his career. As crazy as it sounds, perhaps the best No. 53 was Shipley, the center the Cardinals always tried to replace but couldn't. That's pretty cool. Get more Cardinals and NFL coverage from Cards Wire's Jess Root and others by listening to the latest on the Rise Up, See Red podcast. Subscribe on Spotify, YouTube or Apple podcasts.
Axios
11-07-2025
- Politics
- Axios
Trump pushes battleground Republicans away from bigger races
The White House is pushing swing-seat lawmakers away from running for higher office, warning members in Iowa, New York and Michigan that they need to save the party's razor-thin majority. Why it matters: President Trump is trying to solidify the field early, using endorsements to keep lawmakers boxed out from statewide runs. Driving the news: Swing-seat Rep. Zach Nunn is weighing a bid for Iowa governor, with a White House meeting next week. The White House is expected to deliver a strong message to Nunn, emphasizing the importance of holding the House, a source familiar with the matter told Axios. Nunn was rebuffed by party leaders when he floated the idea of running for Iowa's more conservative 4th Congressional District. But GOP leaders told him they don't want a proven incumbent to abandon a swing seat, a source familiar said. The big picture: Reps. Mike Lawler (R-N.Y.) and Bill Huizenga (R-Mich.) have also publicly floated bids for higher office. The White House sent a clear message to Lawler that Trump wants him to stay in the House rather than run for governor. Trump has endorsed Lawler for reelection. Huizenga is weighing a run for Michigan's open Senate seat despite clear signals from Trump and Republican leadership they don't want him in the race. The NRSC has endorsed former Rep. Mike Rogers for the job, and Trump backed Rogers for Senate last cycle. Huizenga has told colleagues he'll wait until he has a meeting with Trump to discuss the race before making his next move, according to a person familiar with his thinking. Between the lines: Despite efforts from Trump and party leaders, some swing-district Republicans are jumping ship anyway. Rep. Don Bacon (R-Neb.), one of just three Republicans who represent a district won by Vice President Kamala Harris in 2024, announced his retirement last month. Rep. John James (R-Mich.) also opted to run for governor, another blow to the House map and a move that worried Trump, Axios previously reported. Zoom out: Huizenga, Lawler and Nunn are all in districts that are top targets for Democrats in 2026.
Toronto Sun
17-06-2025
- Toronto Sun
American charged after 35 kilos of illegal pot found in truck at border
U.S. border guards seized 35 kilograms of illegal weed in a truck at the Peace Bridge crossing into Buffalo. Photo by @CBPBuffalo An American rental truck driver who claimed he ended up in Canada after getting his directions mixed up was allegedly busted with 35 kilograms of marijuana while trying to return to the U.S. at a Buffalo border crossing. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account U.S. Customs and Border Protection say on Sunday, officers encountered Ronald Nunn, a 43-year-old U.S. States citizen who, after he made a wrong turn onto the Peace Bridge and into Canada, before immediately heading back to the U.S. Nunn allegedly told a border guard his truck was empty, but an inspection turned up three cardboard boxes containing 60 vacuum-sealed packages of weed, according to authorities. Customs officials said they seized 35 kilograms of pot with an estimated street value of about $310,000. 'Our dedicated CBP officers continue to perform their jobs at the highest levels,' said Area Port Director Gaetano Cordone in a statement. 'Their training and experience help to keep our communities safe from these illegal narcotics.' Nunn, who faces felony charges for criminal possession of cannabis, was turned over to the Buffalo Police Department. Toronto Maple Leafs Canada NHL Toronto Maple Leafs Ontario
