Unlock the White House Watch newsletter for free

Your guide to what the 2024 US election means for Washington and the world

Donald Trump has nominated vocal vaccine sceptic and former Democrat Robert F Kennedy Jr as head of the US Department of Health and Human Services, the latest in a series of controversial picks for top cabinet jobs.

The appointment will put Kennedy, who sowed doubts about Covid-19 vaccines and has been critical of the pharmaceutical industry, in charge of a department with a $1.8tn budget with wide-ranging influence over drug regulation and public health.

Trump said in a statement on Thursday that he was “thrilled” to appoint Kennedy to the role. “For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to Public Health,” the president-elect wrote in social media post.

As head of HHS, with oversight of agencies such as the Food and Drug Administration and the Centers for Disease Control and Protection, Trump said Kennedy would “restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!”

This is a developing story

STATE pensioners are eligible to claim up to £350 in cash to help cover the cost of energy bills this winter.

The Suffolk Community Foundation has launched the 14th year of its annual Surviving Winter appeal, which is in response to winter fuel payments being slashed.

1

Previously, the winter fuel payment was paid to all pensioners to help with energy bills.

However, in July, the government said it would only be made to those on low incomes who received certain benefits.

Chancellor Rachel Reeve’s decision to means-test the up to £300 cash boost has meant around 10million elderly people can no longer get the support. 

Now only those receiving pension credit will receive the handout.

The Suffolk charity said it’s campaign has become even more relevant this year because ninety per cent of pensioners are estimated to lose the winter fuel payment.

It added that the government’s policy change also means the organisation cannot rely on those who do not need the payment to consider donating it to help others.

According to the appeal’s website, the campaign has raised more than £1.5 million so far, and the charity is appealing to anyone who feels able to donate to consider doing so.

£175 could be used to help someone pay for gas or electricity, whereas £350 could provide 500 litres of heating oil.

It adds that the fund has provided a lifeline for many thousands of people by helping them to stay safe and healthy in their own homes as the weather turns colder.

How can I apply for the scheme?

You may apply for support if you are over the age of 66 and are not on pension credit.

You must also live in Suffolk, have maximum savings of £5,000 and a maximum income of £20,000, or £24,000 if you’re a couple.

Three charity partners are working with Suffolk Community Foundation to manage the applications and payments; East Suffolk Citizens Advice, Sudbury and South Suffolk Citizens Advice and Gatehouse Caring.

Individuals wishing to apply should get in contact with the office of the district or borough they live in.

What other cost of living payments are available?

Plenty of councils across the country are offering extra support to pensioners in light of the missing Winter Fuel Payment.

For example, Salford City Council has £2.7million of cash to give to struggling people this winter.

Salford City Mayor Paul Dennett said the funding will help the most vulnerable and anyone who is struggling financially should get in touch.

It will not be paid in cash but in vouchers which residents can use for food or fuel.

Residents do not need to be in receipt of benefits to apply. You can apply by visiting: https://contactus.salford.gov.uk/?formtype=HSF.

You can also call the helpline 0800 011 3998.

The current economic climate is seeing more charities step in to fill the gap left by a lack of support from the Government and statutory services. 

For those living with cancer, Macmillan’s Financial Grants Scheme was established to help support those who are struggling to cover essential living costs.

So anyone living with cancer and who needs help with bills and other essentials can apply for the grant.

It’s worth up to £350 and is a one-off payment and can be used to help with things like:

• Energy bills
• Home adaptions
• The cost of travel to and from hospital
• Any extra costs you might have because of cancer

It is means-tested, so you must have no more than £6,000 in savings for a household of one person or no more than £8,000 for a household of two or more people.

You must have a weekly income of no more than £323 per week for a household of one person or no more than £442 per week for a household of two or more people.

Benefits like personal independence payments (PIP), disability living allowance (DLA) or attendance allowance (AA) do not count towards income for this.

To apply you can call 0808 808 00 00 or you can speak to one of your healthcare team, like a district nurse or Macmillan nurse, care professional or benefits adviser who can fill in the form with you online.

The British Legion has also set up a Cost of Living grant, which can be applied for here using the Lightning Reach portal.

You can also find out what grants may be available to you using Turn2Us’s grant search on the charity website.

There is a huge range of grants available for different people – including those who are bereaved, disabled, unemployed, redundant, ill, a carer, veteran, young person or old person.

How has the Household Support Fund evolved?

The Household Support Fund was first launched in October 2021 to help Brits pay their way through winter amid the cost of living crisis.

Councils up and down the country got a slice of the £421million funding available to dish out to Brits in need.

It was then extended in the 2022 Spring Budget and for a second time in October 2022 to help those on the lowest incomes with the rising cost of living.

The DWP then confirmed a third extension of the scheme through to March 31, 2024.

Advertisement

Former chancellor Jeremy Hunt extended the HSF for the fourth time while delivering his Spring Budget on March 6, 2024.

In September 2024, the Government announced a fifth extension.

What is the Household Support Fund?

You may also be eligible for up to £500 worth of cost of living payments from the government’s Household Support Fund (HSF) which is worth £421 million in total.

It’s available to support those who are struggling to afford household basics including food, energy, wider essentials, and exceptional costs.

The fund has been split up between councils in England who are in charge of distributing their allocation.

It was set up in 2021, however, it has been extended by the UK government a number of times. 

How much you are eligible for is usually based on what benefits you already receive and your financial circumstances. 

To be eligible for help, you usually have to be in receipt of a council tax reduction or show proof of being in financial difficulty.

Each council has a different application process – so you’ll have to ask your local authority or find out via your council’s website.

To find out how to contact your local authority, use the gov.uk authority tool checker.

In the last round of funding, some residents received their share automatically, while others had to apply.

For example, Haringey London Council is issuing automatic payments to eligible residents, as well as a support fund which can be applied to.

It is also issuing payments to schools, which means they can distribute free school vouchers.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

THE tallest rollercoaster in the world has confirmed it will be closing down.

Kingda Ka, at Six Flags Great Adventure in New Jersey, is the world’s tallest at 456 feet tall.

3

3

Advertisement

However, the theme park has confirmed that the ride would be closing as it “has been surpassed by modern advancements”.

Having opened in 2005, it was also the fastest rollercoaster with top speeds of 128mph although this has since been beaten.

Park spokesperson Mark Villari Jr. told Theme Park Tribune: “What was cutting-edge roller coaster technology 20 years ago has been surpassed by more modern advancements.

“This has challenged operations and contributed to an inconsistent guest experience.”

In its place, the park said a new ride will replace it which will be a “multi-world-record-breaking launch roller coaster”.

Also replacing the Green Lantern rollercoaster, it will open in 2026.

The park’s president Brian Bacica said in a statement: “We understand that saying goodbye to beloved rides can be difficult, and we appreciate our guests’ passion.

“These changes are an important part of our growth and dedication to delivering exceptional new experiences.

“We look forward to sharing more details next summer.”

Also opening at the park is The Flash: Vertical Velocity, which will be “North America’s first super boomerang coaster” when it opens next year.

Last year, Kingda Ka was forced to temporarily close because of a cable snap mid ride.

While no one was hurt, the ride was evacuated and shut down.

Despite its top speeds, it dropped to the second fastest rollercoaster in the world after Formula Rossa opened in Abu Dhabi in 2010.

However, Kingda Ka is only one of two stratacoasters in the world – a ride that has drops of at least 400 feet.

Passengers endure a steep 90 degree climb before plummeting down the other side.

A much-loved UK theme park has also been forced to close.

Flambards Theme Park in Cornwall confirmed earlier this month that it would be shutting permanently.

Use these tips on your next theme park trip

Next time you visit a theme park, you may want to use our top tips to make the most of your adrenaline-inducing day out.

1. Go to the back of the theme park first. Rides at the front will have the longest queues as soon as it opens.
2. Go on water rides in the middle of the day in the summer – this will cool you off when the sun is at its hottest.
3. Download the park’s app to track which rides have the shortest queues.
4. Visit on your birthday, as some parks give out “birthday badges” that can get you freebies.
5. If it rains, contact the park. Depending on how much it rained, you may get a free ticket to return.

The park cited “rising costs and a steady decline in visitor numbers”.

We’ve also rounded up videos of the other fastest rollercoasters in the world.

3

Advertisement

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft’s cloud computing business, as the US regulator continues to pursue Big Tech in the final weeks of Joe Biden’s presidency.

The FTC is examining allegations that Microsoft is abusing its market power in productivity software by imposing punitive licensing terms to prevent customers from moving their data from its Azure cloud service to competitors’ platforms, according to people with direct knowledge of the matter.

Tactics being examined include substantially increasing subscription fees for those that leave, charging steep exit fees and allegedly making its Office 365 products incompatible with rival clouds, they added.

The FTC is yet to formally request documents or other information from Microsoft as part of the inquiry, the people said.

A move to challenge Microsoft’s cloud business practices would mark the latest broadside against Big Tech by the FTC’s chair Lina Khan, who has centred her tenure on aggressively curbing the monopolistic powers of the likes of Meta and Amazon.

Khan, who has become the public enemy for most of Wall Street’s dealmaking community, is set to be replaced after president-elect Donald Trump enters the White House next year.

While any successor to Khan may not adopt as tough a stance, potential contenders are expected to continue targeting Big Tech companies which have attracted bipartisan ire in Washington. The Republican party has accused online platforms of allegedly censoring conservative voices.

The decision to launch a formal probe would come after the FTC sought feedback from industry participants and the public on cloud computing providers’ business practices. The results in November last year revealed that most responses raised concerns around competition, the agency said at the time, including software licensing practices that curb the ability to use some software in other cloud providers’ ecosystems.

The FTC also highlighted fees charged on users transferring data out of certain cloud systems and minimum spend contracts, which offer discounts to companies in return for a set level of spending.  

Microsoft has also attracted scrutiny from international regulators over similar matters. The UK’s Competition and Markets Authority is investigating Microsoft and Amazon after its fellow watchdog Ofcom found that customers complained about being “locked in” to a single provider, which offers discounts for exclusivity and charge high “egress fees” to leave. 

In the EU, Microsoft has avoided a formal probe into its cloud business after agreeing a multimillion-dollar deal with a group of rival cloud providers in July.

The FTC in 2022 sued to block Microsoft’s $75bn acquisition of video game maker Activision Blizzard over concerns the deal would harm competitors to its Xbox consoles and cloud-gaming business. A federal court shot down an attempt by the FTC to block it, which is being appealed. A revised version of the deal in the meantime closed last year following its clearance by the UK’s CMA.

Since its inception 20 years ago, cloud infrastructure and services has grown to become one of the most lucrative business lines for Big Tech as companies outsource their data storage and computing online. More recently, this has been turbocharged by demand for processing power to train and run artificial intelligence models.

Spending on cloud services soared to $561bn in 2023 with market researcher Gartner forecasting it will grow to $675bn this year and $825bn in 2025. Microsoft has about a 20 per cent market share over the global cloud market, trailing leader Amazon Web Services that has 31 per cent, but almost double the size of Google Cloud at 12 per cent.

There is fierce rivalry between the trio and smaller providers. Last month, Microsoft accused Google of running “shadow campaigns” seeking to undermine its position with regulators by secretly bankrolling hostile lobbying groups.

Microsoft also alleged that Google tried to derail its settlement with EU cloud providers by offering them $500mn in cash and credit to reject its deal and continue pursuing litigation.

The FTC and Microsoft declined to comment.

KATHY GARRETT and Andy Carter are a £7billion duo.

That’s the astonishing total which the National Lottery’s longest-serving winners’ advisers have handed out to those lucky punters who have hit the jackpot.

6

6

Advertisement

6

The pair have met more big winners than anyone else in the UK.

And to mark the lottery’s 30th anniversary they have revealed some of the secrets of the more than 5,000 happy winners who they have come to know as friends.

Kathy knows the identity of the mystery recipient of the biggest-ever prize — a mind-boggling £195,707,000 on the EuroMillions draw in 2022.

Remarkably, the winner has managed to remain anonymous and Kathy will not give any clue to their identity.

But she does say: “They’ve done very well and are doing very well.

Eiffel Tower

“They understand that it’s a lot of money for them and they want to give something back, but to do it in an anonymous way.

“It’s life-changing for anybody to win on the lottery but when you win that sort of money you need an awful lot of support and help, which they have had.

“We guide them and introduce them to people that can help to make their journey a little bit easier.”

Paying off the mortgage is the next thing. But the lottery has paid for a lot of new hips, new knees, new teeth, new hair

Andy Carter

Andy, 50, has been a winners’ adviser for 18 years and has become a bit of a household name.

When winners call the National Lottery to claim their jackpot they will often ask: “Will Andy Carter be coming to see me?”

Over the years Andy has found that winners tend to follow a similar pattern. He says: “Most will buy a new car straight away.

“Quite a few people will put a deposit on a car before we even get there and want to know, ‘When’s my money hitting the account?’

“Paying off the mortgage is the next thing. But the lottery has paid for a lot of new hips, new knees, new teeth, new hair.”

“And laser eye surgery,” adds Kathy, 60, a mum of four from Kent.

One of Andy’s most memorable winners, Les Scadding, now 68, won a £45.5million EuroMillions jackpot in 2009, then invested some of it in Newport County FC in South Wales — and became club chairman.

Remarkably, only one of the 5,000 winners they have dealt with wanted to tell no one — not even family.

Kathy says: “The reason he kept it a secret is that he wanted to surprise his partner and propose to her.

“He arranged to take her to Paris for the weekend and took her to a restaurant in the Eiffel Tower, where he proposed to her.

“Thankfully she said yes, and then he revealed that he’d also won the lottery. But he wanted her to accept his proposal before telling her he had won a million pounds.”

Private jet

The winner booked his romantic holiday in France using an idea that Kathy came up with — a concierge service that make dreams come true for lottery winners.

She says: “It’s proved very popular because some of these winners have never been on a holiday before, or they get a chef in to cook Christmas dinner for all the family, maybe hire a private jet to fly off somewhere.

“Once somebody literally went 200 miles up the road in their private jet and never left the UK.

“We had a lovely couple who won a lot of money last year and they took the whole family away on a private jet — and the dog went with them.”

Andy adds: “Someone said to me the other day, ‘What’s the point of me having this money if I can’t do stuff with the people I love?’.”

The duo’s phones often ping with photos of their big-winning clients on an exotic holiday.

Kathy says: “It’s lovely because you can see the difference their win is making to their lives and that they’re fully embracing it and enjoying it.”

Andy adds: “They could have thought of anyone but they think of you. There was a guy I dealt with who said, ‘I’m going to travel around the world and watch cricket’.

“Now I haven’t spoken to him for years, but every so often he emails a picture. He’ll be in Barbados, Sri Lanka or Sydney, in the great sporting arenas of the world.”

Kathy and Andy are part of a team of seven who visit every lottery player who wins more than £50,000.

They take with them a book in which punters can record their memories of the win — and a bottle of champagne that comes out when all the formalities are completed.

Often during that first meeting winners’ phones will be constantly pinging as news leaks out that they have won the jackpot.

Andy says: “Sometimes you turn up at people’s houses and the whole village or even the whole town knows.

You’ve got people knocking on the door when you’re there and messages are coming through saying, ‘Congratulations on your lottery win’.

The oldest winner I’ve paid was 105. It wasn’t going to make a massive difference to her life at that age but it gave her real pleasure to see that her family would benefit from it

Kathy Garrett

“The winner, who hasn’t gone public at this stage, will often look at their phone and say, ‘Oh, I haven’t seen him for years’.

“Nice news spreads fast and people are genuinely pleased. They like to know someone who’s won the lottery.”

Kathy, who was once hugged so hard by a delighted winner that she feared he would crack her ribs, says: “The oldest winner I’ve paid was 105.

“She lived in a little house and she had all her family around her.

“It wasn’t going to make a massive difference to her life at that age but it gave her real pleasure to see that her family would benefit from it.”

Another of Kathy’s winners, Doris Stanbridge, from Dorking in Surrey, was 70 when she won the lottery’s Set For Life game, which pays out £10,000 a month for 30 years.

Kathy says: “She will be 100 when she gets her last payment. She’s going to have a huge party if she makes it.

“Doris is great and really making the most of it, helping families and enjoying the holidays.” After 30 years, the odds of winning the lottery are just as vanishingly small as they have ever been, but Kathy and Andy say their big winners keep on playing — and some have hit the jackpot again.

Kathy says: “In 15 years I’ve paid five winners over £50,000 twice, which is absolutely incredible.”

Andy adds: “Last year I visited someone who had won and he said, ‘I think you may have seen my brother’.

“Two brothers had won the lottery, a year apart. One had won £2million and the other just under a million.”

And Kathy recalls: “I had two sisters — one won the lottery jackpot and the other won £1million, four years apart.”

Very emotional

Many punters give up work the moment they win, but some can’t let go of their jobs so fast — including a butcher who scooped the jackpot.

Kathy says: “It was coming up to Christmas and people were coming to collect their turkeys and he didn’t want to let them down by saying, ‘I’ve got an appointment’.

“He wanted to see me because he was going to get his lottery money but he couldn’t just shut up shop and focus on his win. So every two minutes he’d jump up to go and hand somebody their turkey.

“His customers had no idea he was disappearing into the back of the shop to see me.

“He stayed anonymous. He did carry on with the shop for a little while — and then changed direction.”

Andy says: “Builders are the ones that can’t walk away.

“They are so loyal, they don’t want to let anybody down, and even though they could pay for somebody else to do the work, they go and do it themselves.”

Kathy dealt with builder Steve Thompson, 47, from Selsey, West Sussex, who won £105million on Euro- Millions in 2019. Amazingly, he kept on working until all his customers’ jobs had been completed.

Syndicates are fun. I once went to a funeral parlour with some undertakers who had won. I even went to the Greggs factory to meet workers who had won £100,000 on EuroMillions. It was like Willy Wonka in there

Andy Carter

She says: “He was very, very emotional. At the beginning he was in tears because he just wanted to carry on as normal. It was a huge amount and it just took him a little while to get his head around everything.

“He’s fine. The whole family are really happy and they’ve built their own home.

“He wanted to help his friends still do the building work. Most winners are loyal — they’ve committed to something and they don’t want to let anybody down.

“So even though they have got over £100million now in their bank account they’ve still promised to fit the little old lady’s door for her up the road, and they want to carry on doing that.”

Andy says: “I have never met a winner who has told the boss to stuff his job.”

Over the years the pair have also paid out prizes to lots of family and workplace syndicates.

Andy says: “Syndicates are fun. I once went to a funeral parlour with some undertakers who had won. I even went to the Greggs factory to meet workers who had won £100,000 on EuroMillions. It was like Willy Wonka in there.”

In 2012, a dozen bus drivers in Corby, Northants, won £38million on EuroMillions and did quit their jobs — eventually.

Andy says: “There’s been Tesco’s workers, teachers, nurses, dance teams and pub syndicates.”

Most big winners never forget the numbers that won them the jackpot.

Some have the figures hidden within tattoos, others have even had them included in wrought-iron gates.

Mark and Ruth Chalmers, who scooped £1million on EuroMillions in 2018, had their winning Millionaire Maker code — MHSL49011 — carved into the stone wall outside their new home in Halifax, West Yorkshire.

Kathy says of the adviser team’s job: “We’re there for as long as we are needed.

“The bigger multi-million-pound winners stay in touch a bit more.

“Some haven’t told a lot of people about their win, so they like to tell us about the big events in their life. It’s the best job in the world.”

6

6

6

Advertisement

Stay informed with free updates

Simply sign up to the US economy myFT Digest — delivered directly to your inbox.

Jay Powell backed a gradual approach to lowering interest rates, saying the US central bank does not need to be “in a hurry” amid a strong economy and a “bumpy” path down for inflation.

In a speech delivered in Dallas on Thursday, the Federal Reserve chair hailed the “remarkably good” performance of the world’s largest economy amid “significant progress” in taming the pace of price increases.

Given the economy’s resilience, Powell signalled little urgency to ease monetary policy quickly, instead cautioning there was still work to do to get inflation all the way back to the central bank’s 2 per cent target.

“The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in prepared remarks. “The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully.”

Last week, the US central bank opted to lower its benchmark policy rate by a quarter-point to a new target range of 4.25-4.75 per cent. Officials next meet in December for their final gathering of the year and appear on track to deliver a third-consecutive cut.

The Fed’s challenge is to take its foot off the economic brakes quickly enough to prevent any significant increase in joblessness, but also slow it enough to ensure that inflation is kept at bay.

“We are confident that with an appropriate recalibration of our policy stance, strength in the economy and the labour market can be maintained, with inflation moving sustainably down to 2 per cent,” Powell said on Thursday.

Officials more broadly have endorsed a gradual approach to lowering rates, given both the underlying strength of the economy as well as the stickiness of residual price pressures.

The latest consumer price index report released on Wednesday underscored how uneven the path down to the Fed’s 2 per cent is likely to continue to be. Powell on Thursday described it as “more of an upward bump than we had expected”, even as he said overall downward trend was “still intact”.

After several months of larger-than-expected drawdowns in inflation, the annual pace ticked up to 2.6 per cent following a third straight month in which “core” prices that strip out volatile food and energy prices rose 0.3 per cent.

Another metric of underlying inflation — one that focuses on prices for services that also exclude housing-related costs — ticked higher in October and now registers an annual pace of 4.4 per cent. Powell on Thursday said he expected inflation to continue to retreat, “albeit on a sometimes-bumpy path”.

Earlier on Thursday, Adriana Kugler, a Fed governor, affirmed that the central bank was ready to pause its rate-cutting cycle if warranted by the data.

“If any risks arise that stall progress or reaccelerate inflation, it would be appropriate to pause our policy rate cuts,” she said at an event in Uruguay. “But if the labour market slows down suddenly, it would be appropriate to continue to gradually reduce the policy rate.”

Economists have warned that the economic proposals put forward by president-elect Donald Trump, such as tariffs and deportations, could cause inflationary pressures to reignite.

Asked on Thursday how that may affect the Fed’s policy decisions, Powell said the central bank would be “careful about changing policy until we have a lot more certainty”.

He said the impact of tariffs “isn’t obvious until we see actual policies”, stressing that the Fed would “reserve judgment”.