The interest rate has been raised to 2.25% – the highest level since the 2008 financial crisis. The Bank of England’s half a point hike followed a three-way split in the voting. Financial markets had widely expected the Bank to follow the US Federal Reserve last night with a 0.75 percentage points rise but economists
Month: September 2022
A NASA-built spacecraft will deliberately crash into an asteroid as part of a test mission later this month. The spacecraft, known as Double Asteroid Redirection Test (Dart), is expected to collide with a 170-metre wide (560ft) asteroid named Dimorphos at 12.14am UK time on 27 September. Dimorphos is no threat to Earth but it has
Ukraine’s president Volodymyr Zelenskyy has demanded “just punishment” for Russia’s crime against his nation. Addressing the United Nations General Assembly by video, Mr Zelenskyy laid out a five-point plan to establish peace in the seven-month-long conflict. The non-negotiable conditions included punishment for Russian aggression, restoration of Ukraine’s security, and territorial integrity and security guarantees. Speaking
Vladimir Putin’s nuclear threats are part of a desperate attempt to justify his “catastrophic” failure in Ukraine, Liz Truss has said. In her first speech on the world stage as prime minister, Ms Truss accused the Russian president of “sabre rattling” after he warned his country would use “all the means at our disposal” to
Andy Byford, the Transport for London (TfL) chief who helped steer the capital’s bus and Tube networks through the most financially precarious periods in their history, has resigned weeks after securing a new long-term funding deal. Sky News can reveal that Mr Byford’s departure as TfL commissioner will be announced on Thursday morning. His exit
The US central bank has imposed its third major interest rate rise in a row. The Federal Reserve has once again hiked rates by 0.75 percentage points in an effort to curb soaring inflation. The widely-expected rise will mean more expensive borrowing for the likes of mortgage holders and those paying credit card debt. American
The mother of an unarmed black man who was killed by a police officer in south London has again called for justice after being shown the bodycam footage of his shooting. Chris Kaba, 24, was killed on 5 September after a police chase in Streatham Hill. His Audi was hemmed in by two police cars
Doctors have hailed a “milestone” treatment that slows or even reverses progressive muscle weakness in sufferers of motor neurone disease (MND). New results from an international study show patients having monthly injections of the drug tofersen reported better mobility and lung function after a year of treatment. One patient who was in a wheelchair at
TV and radio host Jeremy Vine has said he is “amazed at how hard it is” to get social media companies to act in response to his jailed stalker’s videos. Former BBC local radio presenter Alex Belfield, 42, was sentenced to five years and 26 weeks last Friday after being found guilty of waging a campaign against
Donald Trump and three of his children have been served with a lawsuit alleging “years of bank, tax and insurance fraud”. New York attorney general Letitia James is suing the former US president, his family, and the Trump Organisation. If successful, it could halt Mr Trump’s ability to do business in the state for years
The US president says Russia has “shamelessly violated the core tenets” of the United Nations charter with its “brutal, needless war” in Ukraine. Delivering a forceful condemnation of Russia’s invasion to the international body, Joe Biden said reports of abuses against civilians in Ukraine “should make your blood run cold”. He also said President Vladimir
A prolific fraudster accused of impersonating Hollywood film executives is said to have fooled over 300 victims out of a total of $1m. Hargobind Tahilramani, 42, is said to be the “con Queen of Hollywood” for committing fraud by offering people in the film industry work that didn’t exist and tricking them into paying thousands
People in England can find out if fracking could come to their area by entering their postcode in a new interactive map, which illustrates the regions covered by oil and gas licences. Over a quarter of local authorities are covered by existing licences to explore for oil and gas, which could involve fracking, according to
President Putin has accused the West of engaging in “nuclear blackmail” and warned he has “lots of weapons to reply” as he called up 300,000 more troops to the Ukraine war. In a rare address to the nation, he said he wasn’t bluffing and would use “all the means available to us” if Russian territory
The pound has fallen to a 37-year low against the dollar after figures showed that the cost of servicing UK government debt last month hit a record high for August – before Liz Truss came to power with promises to splash the cash. The Office for National Statistics said that interest payments were £8.2bn last
Wholesale energy costs for businesses will be slashed by up to half their expected price through the winter months, the government has announced. Firms across the UK will see government-funded cuts to their energy bills in line with the reductions that have already been announced for homes. The level of discount will depend on what
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