Money markets have begun to price in a Bank of England interest rate of 6.5%. The interest rate on ten year government bonds (the gilt yield as it’s sometimes called) exceeded the peak it hit after the mini-budget of September last year – that one which provoked a crisis in many parts of the bond
Month: July 2023
A top City watchdog official has declared it is not his job to set savings rates at banks, as lenders are urged to do more for savers amid accusations they are cheating holders of easy access accounts. Following a meeting with nine lenders, the Financial Conduct Authority’s (FCA’s) executive director for competition said that banks
The UK is planning new powers to sanction Iran after at least 15 “credible threats” to kill or kidnap people in Britain who are deemed as a threat by the regime, the foreign secretary has announced. James Cleverly told Sky News the proposed sanctions regime would give “us the tools to take further action in
Cillian Murphy and the makers of Peaky Blinders have said they “strongly disapprove” of the use of clips from the show being used in a video shared by supporters of Ron DeSantis’ US presidential campaign. A statement released on behalf of creator Steven Knight, Murphy and the show’s production companies said the footage used was
A car has crashed into a primary school in Wimbledon, south-west London. Police say officers are at the scene in Camp Road – adding several people have been hurt. London Fire Brigade said firefighters are also at the school. Merton Police tweeted that “a car collided with a building at the school”, adding: “Several people
A cameraman was injured after he was hit in the head by a baseball during a match between the New York Yankees and Baltimore Orioles. Pete Stendel of YES Network was struck by a hurried throw in the fifth inning. Wednesday’s game in New York was delayed for around 17 minutes as training staff and
The St Petersburg palace of Wagner Group boss Yevgeny Prigozhin has been raided by Russian security services. The FSB says it found guns, ammunition, gold bars, a stuffed alligator and a cupboard full of wigs at the opulent residence the mercenary leader was forced to abandon after his aborted coup attempt last month. The pro-Kremlin
Threads, the long-awaited Twitter rival from Meta, launches in the UK today. Built by the firm’s Instagram team, it’s billed as a home for “sharing text updates and joining public conversations”. Its release couldn’t be more aggressively timed, coming days after another controversial move by Twitter’s incendiary owner Elon Musk forced many people to look
At least 24 people have died in South Africa due to a suspected gas leak, local media reported. The state-owned broadcaster SABC said the incident happened in the district of Boksburg, near the city of Johannesburg. A search operation was ongoing. A spokesperson for the local disaster and emergency management services, William Ntladi, told SABC:
Labour peer and professor Lord Winston has admitted he is “not optimistic” about the future of the NHS as the health service celebrates its 75th anniversary. The distinguished professor said he did not believe enough money was being spent organising how the NHS is run and the “national poverty” was undermining the delivery of the
A man has been jailed for life for raping a nine-year-old – who then had to travel to another US state for an abortion. Gerson Fuentes admitted attacking the girl in Columbus, Ohio. The 28-year-old, the live-in boyfriend of the child’s mother at the time, impregnated the girl. She then had to travel from Ohio
Police have seized up to £130m worth of cannabis as part of a nationwide crackdown, described as the “most significant” operation of its kind in UK law enforcement history. Officers discovered more than 180,000 cannabis plants during the series of co-ordinated raids, aimed at unearthing and disrupting organised crime groups (OCGs) across England and Wales.
Kevin Spacey subjected a man he met at a celebrity event to a “barrage” of “vile” sexual comments before grabbing his crotch “like a cobra getting hold”, a court has been told. Jurors at Southwark Crown Court in London heard this evidence from the third of four men who have accused the Hollywood actor of
Higher wages are the “biggest driver of price rises” for two-thirds of businesses, according to the findings of a report which will do nothing to ease worries at the Bank of England that inflation is coming under control. The British Chambers of Commerce’s (BCC) economic survey of its members, covering April to June, showed that
The UK is now the only country in the G7 group of rich nations still dealing with rising inflation, the Organisation for Economic Co-operation and Development (OECD) has said. The Paris-based OECD – a club of 38 rich countries – said inflation in the UK rose to 7.9% in May, up from 7.8% in April,
Short-term policy making and a decade of underinvestment has left the NHS in a “critical condition” as it turns 75, health experts have warned. Three leading thinktanks said the service may not reach its 100th birthday without more resources being pumped into it and fundamental reforms. Separately, NHS Providers – which represents hospital trusts –
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