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Tim Wallace

Reporter · US

Indexed articles, last 90 days
4
Latest publication
Sep 12, 2026
Outlet visibility, for Aol
Top 5K sites
Earliest in this view
Aug 28, 2026

Latest articles

  1. Article · Sep 12, 2026 · Tim Wallace

    A raid on pensioners would destroy growth. Here’s the proof - AOL (opens the original)

    Excerpt · Critical tone · English

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    Prosperity is a dangerous thing in Britain this year. The Government is desperate for cash, and anyone with plenty of it can expect to be in John Healey’s crosshairs. The Chancellor is inundated with calls for fresh raids on the banks, on energy companies and on pensioners. In one way, this is sensible. If Healey wants to take money off people, he might as well go after those with more of it. In another, it risks being hopelessly self-defeating. Hammering Britain’s few successful industries woul

  2. Article · Sep 10, 2026 · Tim Wallace

    Borrowing costs surge to 1998 levels on fresh bonds sell-off - AOL (opens the original)

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    Government borrowing costs have surged to levels not seen in decades after a jump in the price of oil reignited a bond market sell-off. The Treasury’s 10-year interest rate rose above 5.3pc on Thursday, a level not seen since 2007. Its 20-year borrowing costs rose above 5.8pc, the most expensive since 1998. The rise in borrowing costs threatens to wipe around £10bn from John Healey’s fiscal headroom before his first Budget next month, according to economists at the Item Club. The jump in borrowi

  3. Article · Sep 8, 2026 · Tim Wallace

    Bank of England: Mortgages rising at fastest known rate in the G7 - AOL (opens the original)

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    Britain’s homeowners have suffered what is thought to be the biggest increase in mortgage rates in the rich world since the war in Iran began. Andrew Bailey, the Governor of the Bank of England, said borrowing costs had risen rapidly even as officials kept the base rate of interest on hold. “UK mortgage rates typically are about 75 basis points, 0.75 percentage points, higher than they were at the point the conflict broke out,” Mr Bailey said. “I think with the possible exception of Japan, thoug

  4. Article · Aug 28, 2026 · Tim Wallace

    Treasury analysis ‘shows wealth tax would lose money’ - AOL (opens the original)

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    A fresh tax raid on the wealthy risks backfiring and losing the Government money, Tory analysis of Treasury data suggests. Internal governmentmodelling indicates that the top rate of Capital Gains Tax (CGT) is already so high that further increases will lead to lower tax receipts. Figures presented to the Government before Labour’s first Budget in 2024 show that the Treasury assumed it would raise less and less money from investors, business owners and landlords through CGT as it rose. After a c

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