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A new report has revealed that the standard of living of Britain's middle class is edging closer to that of the poor rather than the rich. The Institute of Fiscal Studies study showed half of middle income families with children rent their homes rather than owning and get 30 per cent of their income from benefits and tax credits. Millennials are also increasingly turning to their parents to tackle sky-high rents. The report argues that the income of working households...

One of the youngest MPs, Mhairi Black, made another passionate speech, this time attacking the vote to renew Trident, which passed by a huge majority. She called the nuclear deterrent the "long term economic sham," in a speech that would probably strike a chord with anyone who doesn't agree with the Government's £205bn weaponry cost. Black's maiden speech regarding the Government's austerity measures, brought her to the attention of many outside of the Westminster and this speech was just as...

Melania Trump has been accused of plagiarising a speech written for First Lady Michelle Obama. Donald's wife Melania was speaking at the Republican National Convention and was widely praised by the media for delivering a rousing speech. But she appears to have lifted at least one crucial section of her speech from the one Michelle Obama gave at the 2008 Democratic National Convention. They do look eerily similar: Trump: My parents impressed on me the values... Obama: ...like: you work hard for what...

Our new PM Theresa May has told the Commons that she would press the red button and launch a nuclear attack that could kill one hundred thousand people. She said that the fact she was willing to take such drastic action means others would not attack the UK with the same weaponry. May added it was "sad" that the Green Party and some members of the Labour party are the "first to defend the country’s enemies. Additionally she said it would...

Labour leadership candidate Owen Smith appears to have dropped himself in hot water with comments he made during a TV interview. Smith declared himself “normal” as he has three children and a wife. However, he has come under criticism, and been compared to Andrea Leadsom who believed she had the edge over rival Theresa May, as she is a mother and May isn’t. This lead to Leadsom having to leave the leadership race, it is yet to been seen if...

Greenland has lost a trillion tons of ice in four years, according to a new paper published by scientists in Geophysical Research Letters. Tests using the Cryosat-2 satellite revealed that the North Atlantic island loses ice at a rate of about 287 billion tons per year, which is the equivalent of loosing a six mile square cube of ice over four years. The melted ice has caused the sea level to rise about 2.5 mm over those four years. That rate of sea...

The UK is set to endure another recession at the turn of the year with growth forecasts cut from 2.6 and 2.4 per cent three months ago respectively, to 0.4 per cent and 1.4 per cent today. "Severe confidence effects on spending and business” have been projected by the EY Item Club, with unemployment rising from 5 per cent currently to 7.1 per cent by the end of 2019. This will have a knock-on impact on household real disposable income, which is...

By Joe Mellor, Deputy Editor Nigel Farage was caught out by a clever question as he appeared on an LBC radio show. The caller said he thought that speaking English was necessary for new people entering the UK to live. “I don’t see how you can integrate when you don’t speak the language of the country,” said the caller, to Nigel Farage. “I couldn’t agree with you more. I think you’re right and I think the language is absolutely fundamental,”...

The House of Lords will discuss the possibility of having a central bank digital currency called "Britcoin" tomorrow. Its Economic Affairs Committee will take evidence from the Deputy Governor of the Bank of England on blockchain technology, the distributed ledger that allows Bitcoin to function as an online currency. In the session with Dr Ben Broadbent the Committee will explore the prospect of a central bank digital currency and the effect it could have on commercial banks, predictions that blockchain...