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Farage’s partner refuses to confirm how she paid for house in his constituency

about 12 hours ago
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Nigel Farage’s partner, Laure Ferrari, has refused to confirm how she paid for a house in the Reform leader and MP’s constituency of Clacton, adding “there’s more than one way to pay for a house”,In an interview with French publication Le Monde, Ferrari was questioned over revelations in the Guardian that she had purchased a house in her name in Clacton after Farage had claimed to be the buyer,Farage initially said the arrangement was for “security” reasons,Some months later, he told reporters that Ferrari came from “a very wealthy French family and can afford it” – although a subsequent BBC investigation raised further questions about the size of her family’s alleged wealth,Quizzed by Le Monde on the issue, the publication said she “dodged” the question.

When asked if she bought the property thanks to a family inheritance, she said: “Yes and no, that would be a very large inheritance … There’s more than one way to pay for a house,”“I can’t say how much my grandmother gave, that’s my business,” Ferrari added,“The main thing is that I paid all the taxes, there was no tax evasion, and the house is in my name,”Following the interview, Labour called on Farage to clarify how the purchase of the property he uses in Clacton was funded,“Last week we discovered that Nigel Farage failed to declare a £5 million donation from a crypto-billionaire and this week we discover that Farage’s partner might not have paid for all of his house in Clacton after all,” they said.

“The leader of Reform needs to stop dodging scrutiny and urgently answer questions about this purchase … Farage has failed to be straight with the public over the full facts.”The Guardian first reported last year that the house in Clacton, which Farage initially said he had bought himself, was in fact wholly owned by Ferrari.While Farage said the ownership structure was for security reasons, Ferrari purchasing the house would have saved the Reform UK leader an estimated £44,000 in the higher rate of stamp duty to which he would have been liable, given he already owns other properties.He also denied lending or giving his partner money towards the £885,000 price of the property in Frinton-on-Sea, saying last September: “I haven’t lent money to anybody.I didn’t give her money.

She comes from a very successful French family and she can afford it herself.It’s convenient, it works, and she loves it there.”The BBC investigation found Ferrari’s father’s haulage business in Strasbourg was liquidated in 2020, and her parents were living in a flat in a suburb of the French city worth about £300,000, co-owned by the couple and their two daughters.The BBC team said the family also owned the former premises of the haulage company, which is rented out for an estimated €8,000-€9,000 (£7,000-£7,800) a month.The Guardian has contacted Reform for comment.

Ferrari, 46, born in Épinal in eastern France, also claimed in the interview that she “encouraged” three key moments in his political career: leaving Ukip, appearing on ITV’s I’m a Celebrity Get Me Out Of Here! and running for parliament in 2024 instead of leaving for the US to campaign for Donald Trump.But she insisted that if Farage became prime minister she would not be involved in the UK’s affairs, adding Carrie Johnson, former PM Boris Johnson’s wife, went too far when they were in No 10.“She intervened far too much in the country’s affairs,” Ferrari told Le Monde.“If people elect Nigel Farage, they are not electing Laure Ferrari.”On the likelihood of Farage getting to Downing Street, she said: “I don’t want to tempt fate, but a lot can happen between now and the elections, adding she would look forward to diplomatic events.

“I really like ambassador’s dinners, Ferrero Rocher, that sort of thing,” she said,
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Stock markets are wobbling, but £10bn cash bids at fat premiums can still happen

It was a bad day for the FTSE 100 index on Tuesday – down 1.4% – but the puzzle in many quarters is why share prices haven’t fallen further since the start of the US-Israel war on Iran. The index is still up by a couple of percentage points since new year, which is not a bet most would have made at the time if they had been told an inflationary energy price shock lay around the corner.An absence of Iran-related corporate profits warnings partly explains the relative resilience, even if those usually take a while to arrive. So, too, the fact that the Footsie is overpopulated with overseas earners for whom the US economy, which isn’t suffering Europe’s soaring natural gas prices, matters more than their home market

about 12 hours ago
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UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Time to wrap up…The UK government’s long-term borrowing costs have hit their highest level since 1998, amid rising fuel prices and concerns about political stability.The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.77% at lunchtime on Tuesday, up 0.13 percentage points – exceeding the 27-year high reached last September.Yields have been rising across leading economies amid renewed fears over rising inflation, after US efforts to escort ships through the strait of Hormuz prompted Iranian reprisals

about 13 hours ago
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HSBC profits fall amid $400m fraud-related charge and Iran war

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about 16 hours ago
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New threat to Labour spending plans as UK long-term borrowing costs hit highest level since 1998

The risk to Labour’s tax and spending plans from the war in Iran was underscored on Tuesday, as long-term government borrowing costs hit their highest level since 1998.Fears of higher inflation as a result of the conflict have fuelled a selloff across government bond markets, which City analysts say has been exacerbated in the UK by uncertainty about the future of Keir Starmer’s government.The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.77% on Tuesday – exceeding the 27-year high reached last September.Mohamed El-Erian, chief economic adviser at Allianz, said he was “concerned for the health of the UK economy”, after the latest market moves

about 17 hours ago
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UK electric car sales leap ‘could be hit by Iran war inflation and energy price rises’

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about 19 hours ago
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Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault

As far as rallying cries go, Michele Bullock’s “we are poorer, and there is no way out of that” leaves a lot to be desired.It’s not going to win you any applause, particularly when you’re the governor of a central bank that has just announced a third rate hike.But as a blunt way to describe what the US-Israel war on Iran means for everyday households, it’s hard to fault.“Australians are poorer because of this shock to oil prices and energy prices and all the other commodity prices that are being impacted,” Bullock told journalists.“So yes, we are all feeling poorer

about 19 hours ago
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