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The Latest Breaking News from Andrew Bailey

Sunak hopes of pre-election interest rate cuts frustrated by inflation slow puncture

Shift in rate reduction predictions to autumn hits prime minister’s strategy of winning back mortgage payers

The Guardian - UK

UK interest rate cut hopes fade after inflation falls by less than expected – as it happened

City investors trim their forecasts for rate cuts this year, after inflation falls by less than expected to 3.2%

The Guardian - UK

Middle East conflict risks sharp rise in oil prices, says IMF

In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares

The Guardian - UK

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Do better: Bernanke gets strict with Bank of England over handling of inflation crisis

Report by former US Federal Reserve boss reveals faulty economic model and reluctance to admit mistakes

The Guardian - UK

Bank of England forecasts undermined by out-of-date methods, report finds

Former US Fed boss Ben Bernanke criticises failure to admit mistakes and change course

The Guardian - UK

Missouri AG sues Media Matters as Republicans take on critics of Musk’s X

The Guardian - US

Missouri AG Investigates School District Over Safety Failures

Missouri AG probes Hazelwood School District over safety concerns and compliance with diversity programs. Dispute arises over investigation into violent at...

Top News

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Missouri AG Accused Of Racial Bias In School Investigation

Missouri AG investigates Hazelwood School District over student injury, citing diversity programs as cause. District defends initiatives as essential for s...

Top News

St. Louis Teen Attacked In Viral Video Breathing On Own

St. Louis teen assaulted near Hazelwood East High School shows signs of improvement. Investigation ongoing into school district's safety protocols.

Top News

UK interest rate cuts ‘in play’, says Bank of England governor

Comments come after MPC spoke of ‘encouraging signs’ of falling inflation that could lead to cuts

The Guardian - UK

FTSE 100 near record high amid interest rate cut hopes – as it happened

Rolling coverage of the latest economic and financial news, as prospect of several interest rate cuts this year boosts shares but weighs on the pound

The Guardian - UK

Bank Of England Freezes Interest Rate At 16-year High

The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns.

International Business Times

Missouri Attorney General Condemns School For Student's Brutal Beating

Missouri Attorney General criticizes St. Louis high school for promoting divisive racial ideology and advocates for reforms in the juvenile justice system ...

Top News

St. Louis Teen Attacked In Viral Video Faces Uncertain Recovery

Update on the condition of St. Louis teen Kaylee after a brutal attack near Hazelwood East High School. Community support and calls for justice and reform ...

Top News

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The Guardian - UK

Labour to make fighting global heating a priority for Bank of England

Shadow chancellor to use annual Mais lecture to set out plans to green the economy if party wins election

Top News

St. Louis Teen Attacked In Viral Video Faces Uncertain Recovery

Update on the condition of 16-year-old Kaylee Gain after a brutal assault near Hazelwood East High School, sparking discussions on juvenile justice reforms.

Reason

FIRE Highlights the Blatant Hypocrisy of State Officials Who Decry Government Meddling With Social Media

Even as they attack the Biden administration's crusade against "misinformation," Missouri and Louisiana defend legal restrictions on content moderation.

The Guardian - UK

Clare Lombardelli named deputy governor of Bank of England

Ex-Treasury official and adviser to David Cameron will replace Ben Broadbent, making MPC majority female for first time

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Evening Standard

OPINION - California's lithium lake shows how America could survive without Europe — and that’s a big problem for us

It is the sort of discovery that never seems to occur in Lincolnshire. Recently, it was revealed that a toxic, shrinking lake in southern California has even more lithium dissolved deep beneath its surface than previously thought. Enough, in fact, to produce the equivalent of nearly 400 million electric vehicle batteries.…

Evening Standard

OPINION - Just a light recession – Bank of England boss is bullish on economic recovery

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

The Guardian - UK

UK shows signs of recovery from mild recession, says Bank of England

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

Evening Standard

UK economy bounces back with 'signs of upturn' after 'very weak' recession, says Bank of England chief

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.

Evening Standard

Don’t 'Tell Sid' to buy NatWest shares — Give us them for free

City Comment: If big investors don’t fancy NatWest shares at the current price, why should we?

International Business Times

Sticky UK Inflation Stokes Bank Of England Rate-cut Debate

British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.

The Guardian - UK

The Body Shop UK falls into administration; UK wage growth and US inflation hit rate cut hopes – as it happened

The Body Shop has collapsed into administration in the UK, less than three months after it was taken over by a private equity company

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