Connect with us

Business

A changing of the guard

Published

on

This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters here

Hello and welcome to the working week.

In this year of elections, there is also (inevitably) a changing of the guard. On Tuesday, Claudia Sheinbaum becomes Mexico’s first female president. There are many challenges ahead for her, as my colleagues have noted.

That same day Nato gets a new secretary-general as former Dutch prime minister Mark Rutte replaces Jens Stoltenberg. He faces many challenges as the FT’s editorial board outlines.

Advertisement

The Conservative party conference is under way and it’s fair to say it is less of a draw than previous years, except for its leadership contest. Will one of the contenders perform a David Cameron? The goal for the four remaining candidates is to still be on the ballot when it is whittled down to two on October 9 and the contest is put to a vote among party members.

There are still significant elections to be had, most obviously the US presidential contest, and Tuesday will see the vice-presidential candidates duke it out on the CBS News channel. For more insight into the Republican candidate JD Vance, read Ed Luce’s recent column. Meanwhile, Inside Politics writer Stephen Bush explains why Democratic candidate Tim Walz fits the mould of many previous vice-presidential candidates, including that of Donald Trump in 2016.

On the corporate front, the week brings a thin but steady flow of results, notably Tesco, Nike, Greggs and JD Wetherspoon.

Shares in Tesco are up by a third in the past year to their highest level since late 2013. The British supermarket chain is capitalising on the woes of rivals Wm Morrison and Asda, which are struggling under the debt burdens heaped on to them by their private equity owners. Tesco has picked up a precious half-point of market share over the past year, according to Kantar Worldpanel.

Advertisement

Greggs is also riding high, helped by July’s very strong first-half results, which showed a 14 per cent increase in total sales, a 16 per cent advance in underlying pre-tax profit and a 19 per cent rise in the dividend. This is a trading update but investors will be keen to hear more about its app, which has been a strong driver of that growth, an initiative to increase evening opening hours and the ongoing store rollout programme.

JD Wetherspoon’s shares are broadly flat over the year, even though the pub group, with an estate of about 800 sites, is expected to report record sales for the year to July 2024. The issue is therefore profit, and in particular the impact of increased wages, utility bills and interest costs on the company’s £670mn net debt position.

The economic data run this week is limited, but will include US employment figures, German inflation figures, the final UK Q2 GDP estimate and PMI comparisons between G7 nations and China, before the latter begins its National Day public holiday. More details on all of this below.

One more thing . . . 

Runners will this Saturday celebrate the 20th anniversary of the first Parkrun, which took place in Bushy park in the affluent London suburb of Teddington. Parkrun is now looking at more than 2,300 events taking place around the world with more than 9mn registered parkrunners. I’ve never been drawn to the concept of spending one of my day’s off doing one of the sports I least enjoy in a public space, but I found a more positive take on the volunteer-led phenomenon in the FT archives from markets columnist Katie Martin.

Advertisement

Talking of archive material, to celebrate the 30th anniversary of the iconic Lunch with the FT series, my colleagues have created a free, pop-up newsletter, providing you with a favourite lunch every Sunday through to November 17, with fresh insights from the interviewer. Sign up here.

What are your priorities this week and what are you most looking forward to in the next month? Email me at jonathan.moules@ft.com or, if you are reading this from your inbox, hit reply.

Key economic and company reports

Here is a more complete list of what to expect in terms of company reports and economic data this week.

Monday

  • European Central Bank President Christine Lagarde attends the quarterly monetary dialogue with the European parliament Committee on Economic and Monetary Affairs, giving her views on economic and monetary developments and discussing economic and financial developments

  • Witan Investment Trust holds a first general shareholder meeting to vote on the proposed recommended winding-up of the company and combination with Alliance Trust. A second shareholders’ meeting is scheduled for October 9

  • China: Caixin September manufacturing and services purchasing managers’ index (PMI) data

  • Germany: September consumer price index (CPI) and harmonised index of Consumer Prices (HICP) inflation rate data

  • Japan: August preliminary industrial production figures,

  • UK: revised estimate of Q2 GDP. Also, Nationwide September House Price Index.

  • Results: 3i Infrastructure pre-close update, Alliance Pharma HY, Carnival Q3, Playtech HY

Tuesday

  • Bank of England chief economist Huw Pill speaks at the CBI Economic Growth Board

  • Nationwide’s acquisition of Virgin Money UK is expected to become effective after the deal was approved by shareholders at the building society’s annual meeting in July

  • Darktrace acquisition by Thoma Bravo is expected to become effective, after shareholders approved the deal at a general meeting in June

  • Canada, Eurozone, France, Germany, India, Italy, Japan, UK, US: S&P Global/HCOB/HSBC September manufacturing PMI data

  • China National Day. Financial markets closed

  • EU: preliminary September eurozone HICP inflation figures

  • Mexico: Inauguration Day. Financial markets closed

  • US: fiscal year begins

  • Results: Greggs trading update, James Halstead FY, McCormick Q3, Nike Q1, PayChex Q1

Wednesday

  • China: National Day Golden Week continues. Financial markets closed

  • India: Mahatma Gandhi’s birthday. Financial markets closed

  • Israel: Rosh Hashana Eve, Jewish New Year Eve. Financial markets closed

  • Russia: final Q2 GDP estimate

  • Results: ConAgra Brands Q1, JD Sports HY, Lamb Weston Q1, Saga HY, Topps Tiles full-year trading statement

Thursday

  • Canada, Eurozone, France, Germany, Italy, Japan, UK, US: S&P Global/HCOB September services PMI data

  • China: National Day Golden Week continues. Financial markets closed

  • Germany: National Unity Day, marking the anniversary of reunification in 1990

  • Israel: Rosh Hashana, the Jewish New Year. Financial markets closed

  • UK: Zoopla September House Price Index

  • Results: Constellation Brands Q2, Tesco HY, SSE notification of close, SSP Q4 trading update

Friday

  • Eurozone, France, Germany, Italy, UK: S&P Global/HCOB September construction PMI data

  • India: HSBC September services PMI data

  • US: September employment figures

  • Results: JD Wetherspoon FY, Yaskawa Electric Q2

World events

Finally, here is a rundown of other events and milestones this week.

Advertisement

Monday

  • UN General Assembly debate concludes in New York

  • France: trial begins for French party leader Marine Le Pen, her father and predecessor Jean-Marie Le Pen and 25 others for alleged misappropriation of EU funds to pay the assistants of MEPs who were in fact working for their party, Rassemblement National, between 2009 and 2017. Marine Le Pen denies the allegations. The damage allegedly amounts to €6.8mn

  • UK: annual election of the Lord Mayor of the City of London, an ancient title which now involves promoting British financial and business services globally

Tuesday

  • Belgium: Nato ceremony to mark the transition to its new secretary-general, former Dutch prime minister Mark Rutte

  • Canada: government imposes 100 per cent surtax on all Chinese-made EVs, including electric and certain hybrid passenger automobiles, trucks, buses and delivery vans

  • France: strikes and protests expected across France, backed by trade union CGT, over President Emmanuel Macron’s refusal to appoint Nouveau Front Populaire candidate Lucie Castets as prime minister

  • Mexico: Claudia Sheinbaum assumes office as the country’s first female president

  • US: 100th birthday of former president Jimmy Carter. Also, televised debate between Republican vice-presidential nominee, senator JD Vance, and Democratic vice presidential nominee, Minnesota governor Tim Walz

Wednesday

  • Annular solar eclipse, this year appearing almost entirely over the Pacific Ocean, but also visible from Easter Island and a small portion of Argentina and Chile

Thursday

  • Rosh Hashana, aka Jewish New Year, with customs including the sounding of the shofar and eating symbolic foods such as apples dipped in honey

  • Brazil: G20 environment and climate ministers meeting begins in Rio

  • UAE: 2024 ICC Women’s T20 World Cup cricket tournament opens, featuring 10 teams including Bangladesh, Australia, England, New Zealand and India

  • UK: the main flu and Covid-19 vaccination campaign commences in England

Friday

  • France: Francophonie Summit, a biennial meeting of heads of state and government from French-speaking nations, begins in Villers-Cotterets

Saturday

  • UK: Claire Hanna is ratified as the new leader of Northern Ireland’s Social Democratic and Labour party at its annual conference. She was the only candidate to have declared an interest and replaces Colum Eastwood, who announced his resignation in August

  • UK: 20th anniversary of the first Parkrun, the free 5km running event organised by volunteers

  • US: Republican presidential nominee Donald Trump holds a campaign rally at Butler Farm Show, Pennsylvania, the site of the July 13 assassination attempt

Sunday

  • Australian Daylight Saving Time begins

  • Israel: Anniversary of Yom Kippur war

  • Laos: Asean Summit and related meetings begin

  • Tunisia: presidential election

Recommended newsletters for you

Inside Politics — What you need to know in UK politics. Sign up here

US Election countdown — Money and politics in the race for the White House. Sign up here

Source link

Advertisement
Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Money

Labour could scrap criminal prosecutions for failing to pay BBC licence fee

Published

on

Labour could scrap criminal prosecutions for failing to pay BBC licence fee

CRIMINAL prosecutions for failing to pay the BBC licence fee could be scrapped by Labour.

Culture Secretary Lisa Nandy is understood to be “concerned” by the disproportionate number of women being punished.

Criminal prosecutions for failing to pay the BBC licence fee could be scrapped by Labour

2

Criminal prosecutions for failing to pay the BBC licence fee could be scrapped by LabourCredit: PA
Lisa Nandy is understood to be 'concerned' by the disproportionate number of women being punished

2

Advertisement
Lisa Nandy is understood to be ‘concerned’ by the disproportionate number of women being punishedCredit: Rex

And there is agreement between Ms Nandy and Justice Secretary Shabana Mahmood that taxpayers should not have to fork out for the “administrative burden”.

Almost 1,000 Brits are prosecuted every week for ignoring the £169.50 annual fee.

Seventy per cent are women.

They are more likely to be poorly paid, coping with single families or taking charge of household bills — and also more likely to be at home when investigators call.

Advertisement

But last night an insider said prosecutions will continue until at least 2027, when the BBC’s Royal Charter is due for renewal.

Ministers will then meet Beeb bosses to “explore options” for new funding models.

These are set to include decriminalisation.

Last year half a million people stopped paying as they opted for US-based subscription services instead.

Advertisement

At the same time former Culture Secretary Lucy Frazer branded criminal prosecutions “morally indefensible in modern times”.

A TV Licensing spokesman said: “We have a duty to enforce the law.

BBC Licence Fee FROZEN for two years – but households face bigger bills for four more years

“But we have made considerable efforts to help people get licensed and offer help and support.

“Our focus on collecting the licence fee fairly and efficiently.”

Advertisement

Source link

Continue Reading

Money

We found a mundane mug gathering dust in a loft for 20 years – now it’s sold for £13,500 due to unique detail

Published

on

We found a mundane mug gathering dust in a loft for 20 years - now it's sold for £13,500 due to unique detail

A MUNDANE ceramic mug left inside a loft for 20 years has been sold at an auction for a whopping £13,500 because of one unique detail.

The 87-year-old souvenir cup was designed by British artist Eric Ravilious for Wedgwood to mark the coronation of King George VI and Queen Elizabeth in 1937.

The pale yellow lower band and green detailing from a collection of five Ravilious 1937 Wedgwood coronation mugs sold for £13,500

3

The pale yellow lower band and green detailing from a collection of five Ravilious 1937 Wedgwood coronation mugs sold for £13,500Credit: SWNS
The 87-year-old souvenir cup was designed by British artist Eric Ravilious for Wedgwood to mark the coronation of King George VI and Queen Elizabeth in 1937

3

Advertisement
The 87-year-old souvenir cup was designed by British artist Eric Ravilious for Wedgwood to mark the coronation of King George VI and Queen Elizabeth in 1937Credit: SWNS
The collection of five Ravilious 1937 Wedgwood coronation mugs

3

The collection of five Ravilious 1937 Wedgwood coronation mugsCredit: SWNS

It is said to be a rare example because of its unique yellow and green detailing which had sat undisturbed in a box in the vendor’s loft since the late 1990s.

Adapted from a previous version intended to mark King Edward VIII taking the throne before his abdication, the design features celebratory fireworks and the royal coat of arms.

The mug was given an estimate of £800 when it went under the hammer at Gildings Auctioneers in Market Harborough, Leics earlier this week.

Advertisement

But it smashed its estimate and sold to a private buyer for £13,500 – more than 16 times its guide price.

Gildings director Will Gilding said: “We’re thrilled to achieve this astonishing result for this very special mug which although highly collectable, is still intrinsically just a mundane household item.

“We were unable to find any other examples of this particular colourway, which also has a slightly differently shaped rim to the other mugs in the sale, so this one may well be unique.

“As a result, we knew it had the potential to soar far beyond its guide price.

Advertisement

“But for the hammer to go down at £13,500 is truly remarkable and just goes to show the magic that can happen when two determined collectors identify a must-have treasure.”

The cup was from a collection of five of Ravilious’s 1937 Wedgwood coronation mugs – and was kept inside an attic for 20 years.

Three of the mugs in more commonly seen but still sought-after turquoise, blue and pink-based colourways sold for £270, £360 and £2,700 respectively.

Coin expert shows exact detail on 1993 penny that makes it worth over $50,000 ahead of auction

Another blue version made for the planned coronation of Edward VIII fetched £480.

Advertisement

Born in 1903, Eric Ravilious was a highly regarded Sussex-based painter, designer, book illustrator and wood engraver.

He is best known for his modernist watercolour interpretations of English landscapes and World War II scenes, some of which are displayed in the Imperial War Museum in London.

In December 1939 Ravilious became an official World War Two war artist with the rank of Honorary Captain in the Royal Marines.

On September 2, 1942, he joined one of three aircraft dispatched on a search and rescue mission for a plane that had failed to return to RAF Kaldadarnes in Iceland.

Advertisement

The aircraft he boarded also failed to return, and he and the four-man crew were recorded as lost in action four days later, making him the first of three British war artists to die in active service during World War Two.

Will added: “This vanishingly rare example of a striking design by a renowned artist who suffered a tragic wartime death was sold in very good condition given its age and ceramic nature.

“Such is the power of its scarcity, and the demand for works by Ravilious, this high quality but relatively inexpensive souvenir has taken on a previously unimagined value several decades later.

“When I brought the gavel down, I think everyone in the room felt like we needed a cup of tea to calm us all down – not least the buyer – but in a slightly more affordable mug.”

Advertisement

Source link

Continue Reading

Money

Five savvy ways to give your old winter coats a new lease of life

Published

on

Five savvy ways to give your old winter coats a new lease of life

THERE is a chill in the air and before you know it you will be reaching for a winter coat.

But instead of splurging at the shops for something new, take a look at these creative ideas to breathe new life into your trusty old jacket.

We have great tips on how to breathe new life into your winter coat

7

We have great tips on how to breathe new life into your winter coatCredit: Getty

STEAMY SOLUTION: One way to freshen up your coat at home is to use steam.

Advertisement

Hang your coat in the bathroom while you take a hot shower. The steam should release any creases and revive the fabric, hopefully giving it that just-bought appearance.

If you have a handheld steamer, a quick pass over your coat can make it look polished.

BOBBLE BUSTER: Those pesky fabric bobbles can make even the nicest coat look worn out.

But instead of buying an expensive bobble remover, grab an old razor and gently shave the surface of your coat.

Advertisement

This trick works particularly well on wool and knit fabrics.

BUTTON UP: If your coat’s buttons are looking dirty, mix vinegar with water, then scrub them with an old toothbrush. If the buttons are beyond cleaning, replace them.

You can often find inexpensive buttons at charity shops or thrift stores.

PIT STOP: Worried about sweaty armpit stains on your coat? A simple mixture of lemon juice and baking soda can work wonders.

Advertisement

Test a little on a hidden area of fabric first and check it after five minutes.

Beauty fans go wild over a 1p hack to remove stubborn make-up stains from your winter coats in seconds

If OK, then spray the mixture on the underarm areas of your coat, let it sit for a few minutes, and wipe it clean with a damp cloth.

The natural cleaning properties of lemon and baking soda should lift stubborn sweat stains.

SOCK SAVER: If your padded coat has lost some of its puff, there’s an easy fix. Restuff it with old socks to give it back some volume.

Advertisement

For an extra update, try adding a new belt to adjust the fit slightly. Small alterations can make a big difference to your coat.

  • All prices correct at time of going to press. Deals and offers subject to availability.

Deal of the day

Save £20 on the Road Angel Halo Go 1080p HD Discreet Dash Cam at Halfords

7

Save £20 on the Road Angel Halo Go 1080p HD Discreet Dash Cam at HalfordsCredit: Supplied

KEEP an eye on other drivers with the Road Angel Halo Go 1080p HD Discreet Dash Cam, previously £99.99, now £79.99 at Halfords.

SAVE: £20

Advertisement

Cheap treat

The Dunelm Boston Pumpkin Pie Multi-wick candle is now £4.20

7

The Dunelm Boston Pumpkin Pie Multi-wick candle is now £4.20Credit: Supplied

FILL your home with a sweet scent when you pick up the Dunelm Boston Pumpkin Pie Multi-wick candle, it was £6, now £4.20.

What’s new?

CLEAN up using the VAX ONEPWR Blade 4 Pet & Car Cordless Vacuum Cleaner, previously £299.99, now £169.99 plus get a free kit of extra cleaning tools, worth £50, when you buy one at vax.co.uk.

Advertisement

Top swap

Cadbury’s Dairy Milk Pots Of Joy will set you back £1.75

7

Cadbury’s Dairy Milk Pots Of Joy will set you back £1.75Credit: Supplied
Aldi's Dairyfine Pots Of Choc are only £1.35

7

Aldi’s Dairyfine Pots Of Choc are only £1.35Credit: Supplied

TRY the delicious Cadbury’s Dairy Milk Pots Of Joy, £1.75 for 4x65g, at Co-op or run to Aldi where the new Dairyfine Pots Of Choc, 4x65g, are £1.35 – in stores only.

SAVE: 40p

Advertisement

Little helper

MUMS-TO-BE should check out the H&M sale section where you can pick items from the Mama maternity range starting at £5.

Shop & save

Save £5 on this cosy Simply Everyday waffle throw from B&M

7

Save £5 on this cosy Simply Everyday waffle throw from B&MCredit: Supplied

SNUGGLE up in a cosy new throw from B&M. This Simply Everyday waffle throw (200 x 200cm) was £15, now £10.

SAVE: £5

Advertisement

Hot right now

TIME for a new coat of paint? Get 20 per cent off Lick paints and samples at B&Q now.

PLAY NOW TO WIN £200

Join thousands of readers taking part in The Sun Raffle

7

Join thousands of readers taking part in The Sun Raffle

JOIN thousands of readers taking part in The Sun Raffle.

Every month we’re giving away £100 to 250 lucky readers – whether you’re saving up or just in need of some extra cash, The Sun could have you covered.

Advertisement

Every Sun Savers code entered equals one Raffle ticket.

The more codes you enter, the more tickets you’ll earn and the more chance you will have of winning!

Source link

Advertisement
Continue Reading

Travel

Common beach item you should never bring back from your holidays – or risk getting stopped at the airport

Published

on

Conch are an endangered species

WHILE it may be tempting to bring one seemingly common item back to the UK from your holidays, it could land you in serious trouble.

Conch shells are large, pinkish, spiral-shaped shells – and packing them in your luggage could get stopped in UK and international airports.

Conch are an endangered species

3

Conch are an endangered speciesCredit: Getty
They can be found on beaches in the Caribbean and US

3

Advertisement
They can be found on beaches in the Caribbean and USCredit: Getty
They are pink in colour and have a spiral shape

3

They are pink in colour and have a spiral shapeCredit: SOPA Images/LightRocket via Gett

The shells are famous for making a noise similar to the ocean when you put your ear to them – and can be found in the Caribbean, Bermuda, Florida and the US Virgin Islands.

The conch themselves are similar in taste to clams and often sold in markets and shops for tourists and locals to enjoy.

However, many people may be unaware that conch are in fact an endangered species.

Advertisement

As a result, you would need a permit to import a conch shell into the UK – or risk being stopped at customs.

There are further regulations abroad to stop conch – and their shells – being removed from their country of origin.

In Florida, for example, it is illegal to possess a conch shell with a living conch inside.

It is also illegal to possess one if it has an off-centre hole larger than a sixteenth of an inch in diameter through its spire – as this indicates a conch has been killed, mutilated or removed from its shell.

Advertisement

Failure to comply with these rules could result in jail time.

In the Caribbean, a permit is required to export any conch shell – even if it is part of a souvenir such as an item of jewellery.

‘Serious mom guilt’, says Vogue Williams as she jets off on romantic kid free holiday with hubby Spencer Matthews

In December 2021, Caribbean authorities seized five conch shells from a pair of travellers – among 500 other illegally exported items.

Conch are endangered because they have been overfished for many years, due to their status as a delicacy.

Advertisement

Many conch are also harvested while they are still too young to have reproduced.

The animal is now protected under an international treaty called CITES – the Convention on International Trade in Endangered Species of Wild Fauna and Flora.

This protects endangered species against over-exploitation by regulating international trade.

What else can’t you bring into the UK?

Advertisement

Some items will be seized by customs if travellers attempt to bring them into the UK. These include:

  • Controlled drugs
  • Offensive weapons, for example flick knives
  • Self-defence sprays, for example pepper spray and CS gas
  • Endangered animal and plant species
  • Rough diamonds
  • Indecent and obscene materials, such as books, magazines, films and DVDs
  • Personal imports of meat and dairy products from most non-EU countries

Other items are restricted and require a special licence to bring them into the UK. These include:

  • Firearms
  • Explosives
  • Ammunition
  • Some food and plant products

Always check the government website if you’re unsure.

Source link

Continue Reading

Money

Significant specific date on rare £2 coin that makes it worth SEVENTEEN times more – is it in your wallet?

Published

on

Significant specific date on rare £2 coin that makes it worth SEVENTEEN times more - is it in your wallet?

2002 Commonwealth Games Northern Ireland – £60

In 2002, four different designs of this £2 coin were created to commemorate the Commonwealth games, but the Irish version is the rarest with only 485,500 minted.

We’ve seen this coin listed for as much as £60 on eBay in May with one bid.

There’s more money on the line if you’ve got the complete set though.

Advertisement

One seller proved this right when all four coins went for a whopping £100.

2002 Commonwealth Games England – £35

Another in the 2002 Commonwealth series, the English version is one of the rarest coins in circulation.

Some 650,500 were minted at the time, making the coin rare enough for eBay bidders to happily pay as much as £35 for it.

Advertisement

The edge of this coin also has the inscription “Spirit of Friendship, Manchester 2002″, which adds appeal to collectors too.

One recently went on the market on eBay for £27 with one bid.

2002 Commonwealth Games Wales – £27

With only 588,500 put into circulation, the 2002 Commonwealth Games Wales £2 coin celebrates Wales’ achievements in the event.

Advertisement

The piece features a figure in motion holding a banner, encircling the Welsh flag.

It is the fourth rarest in the Commonwealth set and the fourth rarest in the overall list.

We’ve seen one sell on eBay for £26.97 in May this year with 10 bids.

London 2012 Handover – £35

Advertisement

At the end of each Olympic Games, the next host city of the Games is celebrated with a flag handover ceremony.

In 2012 we gave the flag to Rio to take on the next tournament.

That event was immortalised on the design of a £2 coin, with just 845,000 released into circulation.

We saw one sell for £35 on eBay this month after 10 bids.

Advertisement

Olympic centenary – £37.95

Carrying on the sporting theme, the Olympic centenary £2 marked 100 years of the modern games in 2008.

There are 910,000 in circulation so finding one isn’t such a tough ask.

We’ve seen one version sell on eBay for £37.95 in February.

Advertisement

2002 Commonwealth Games Scotland – £24.97

Out of all of the valuable Commonwealth coins, Scotland’s is the sixth rarest out of all rare £2 coins.

It has a mintage of 771,750 – some 286,250 more than were released in the Irish version.

It features pretty much the same design as the other coins in the series but the Scottish flag is on the design instead.

Advertisement

Bidders on eBay have still paid higher than face value, we’ve seen one version sell on eBay for £24.97 in May.

Olympic handover – £9.99

Still in the top ten is the Olympic Handover coin.

This £2 details Beijing in 2008 handing over the Olympics to London in 2012, and shows the Olympic flag and two hands shaking.

Advertisement

One sold for precisely £9.99 in May on eBay with one bid.

There are 918,000 of these in circulation.

King James Bible – £23.95

Next on the list is a coin showing the King James Bible.

Advertisement

One was for £23.95 in May on eBay with one bid.

According to Change Checker, there are 975,000 in circulation.

Mary Rose – £19.50

A circulated £2 showing the famous Mary Rose ship sold on eBay for £19.50.

Advertisement

There are just over one million in circulation, and it lands ninth on Change Checker’s scarcity index.

2015 First World War (Navy) – £10.50

There were also 650,000 of the First World War Navy £2 coins minted in 2015.

The coin features a battleship design by military artist David Rowlands and the 5th portrait of the Queen.

Advertisement

It’s also the second in a five-coin series remembering the First World War and celebrates the efforts of the Royal Navy and their contribution to the war effort.

One sold on eBay in May for £10.50 with two bids.

Great Fire of London – £14.95

The Great Fire of London £2 coin was first put into circulation in 2016 to mark the 350th anniversary of the historic event.

Advertisement

The reverse side of the piece was designed by Aaron West, depicting the city of London burning.

The coin wasn’t always considered so rare, but it has since transpired its mintage figure was incorrectly published.

A recent auction on eBay saw the piece go for £14.95 with one bid.

Source link

Advertisement
Continue Reading

Business

Austrians join Europe’s far-right march

Published

on

Unlock the Editor’s Digest for free

The victory of the far-right Freedom Party (FPÖ) in Austria’s parliamentary election on Sunday, according to projections, is another landmark moment in the seemingly relentless march of nationalist, anti-immigrant pro-Russian forces across the EU.

It would be the FPÖ’s first ever triumph in a national poll, and caps a year of illiberal gains across the continent, which started with the win of Robert Fico, a eurosceptic, in Slovakia last September, then of Dutch anti-Islam firebrand Geert Wilders two months later.

Advertisement

This summer France’s Rassemblement National came first in European parliament elections and notched up its highest ever tally in the snap ballot for the National Assembly in July.

In September, Alternative for Germany (AfD) topped the poll in the eastern state of Thuringia, the first win for the far-right in a regional election since the second world war.

The trend is likely to continue in 2025. Czech nationalist Andrej Babiš, whose ANO party is aligned with the FPÖ, is looking to exploit the disarray of the governing coalition in Prague in national elections.

The RN is likely to be the big beneficiary if, as many people suspect, French voters return to the polls next year. And the AfD will attempt to convert its regional successes into national gains in federal elections next autumn.

Advertisement

The advances of far-right and populist forces have tilted the balance of European politics and policymaking to the right on immigration and the green transition, whether at the EU level or in national capitals.

If the FPÖ were to take power in Vienna, albeit in a coalition, it would create another EU government whose support for Ukraine against Russian aggression cannot be fully relied upon.

If Babis also prevailed, it could mean an illiberal alliance spanning the four central European countries that once belonged to the Austro-Hungarian empire. This time its power centre would be Budapest, where Hungarian premier Viktor Orbán has built an autocratic alternative to the liberal democratic pro-EU mainstream.

The FPÖ’s vote share of 29 per cent, according to projections, is a personal triumph for party leader Herbert Kickl.

Advertisement

He has engineered a remarkable comeback for a party that crashed out of government in a corruption scandal in 2019 when its then leader and Austria’s vice-chancellor Heinz-Christian Strache was caught in a bribery scandal offering favours in return for illicit party donations to a woman purporting to be the niece of a Russian oligarch.

Kickl’s victory is also part of a worrying sub-trend to the rise of the far-right and populist right in Europe.

As Wilders in the Netherlands and the AfD in eastern Germany have shown, to win elections, it is no longer necessary to detoxify your brand or moderate your positions, as Giorgia Meloni and, to a lesser extent, Marine Le Pen, have done in Italy and France respectively.

Kickl may not be aligned with the most extreme elements of his party, but he is happy for it to associate with, and borrow ideas from the identitarian movement, including “remigration”: the deportation of people of immigrant origin, including Austrian citizens, to their countries of heritage to create a more “homogenous” society.

Advertisement

He rails against “climate communism” and propagates the wildest conspiracy theories, particularly about Covid. He has found a receptive audience among Austrians who seethed about the country’s tough pandemic rules and remain angry with its political class.

The FPÖ, which was founded by former Nazis in the 1950s, has long been a fixture of Austrian politics and has previously served three times in government. It was normalised long before Europe’s other far-right parties.

One theory is that Austria, by presenting itself as the first foreign victim of National Socialism, lacks the same culture of remembrance and therefore resistance to the far-right as Germany.

Another is that Austrians are simply fed up with the failures of a mainstream establishment that has monopolised power and its spoils since the second world war.

Advertisement

The centre-right, which had dominated Austria’s politics for 80 years but is projected to slip to second place in the election on 26 per cent, will not want to play a junior role in coalition with the FPÖ and has ruled out joining a government that includes Kickl.

It will probably now try to form a government with the social democrats and liberals. Kickl will seek to exploit this as an establishment stitch up.

Still, Austria provides the counterargument to those who say the best antidote to populists is to include them in government, forcing them to share responsibility for it and the compromises it entails. The FPÖ bounced back from its last stint in power. It is now more popular, and more radical.

ben.hall@ft.com

Advertisement

Source link

Continue Reading

Trending

Copyright © 2024 WordupNews.com