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The Latest Breaking News from Andrew Bailey

Pound hits one-year high as more interest rate hikes loom; UK grows in April; WE Soda cancels London float – as it happened

UK economy has bounced back from March’s contraction, but experts fear rising interest rates will cause recession

The Guardian - UK

Prosecutor urges Missouri governor not to pardon KC cop convicted of killing Black man

Jackson County Prosecutor Jean Peters Baker on Tuesday made public a letter urging Missouri Gov. Mike Parson not to pardon a former Kansas City police detective who was convicted of killing a Black man.

Tribune News Service

Watch : Andrew Bailey questioned on Bank of England independence by House of Lords committee

Watch as Bank of England governor Andrew Bailey appears before the House of Lords Economic Affairs Committee as part of an inquiry into central bank independence on Tuesday, 13 June.

The Independent UK

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Federal appeals court halts EPA effort to impose air pollution plan in Missouri

A federal appeals court has put on hold an Environmental Protection Agency regulation aimed at reducing air pollution in Missouri, drawing criticism from environmentalists but praise from the state’s attorney general who called the proposal “unconstitutional overreach.”

The Independent UK

The sorry state of the Bank of England’s battle with price hikes

City comment: At least the Bank’s old approach was consistent

Evening Standard

Missouri AG calls on Kansas City police to enforce trans care ban that chief says outside jurisdiction

COLUMBIA, Mo. — Missouri Attorney General Andrew Bailey on Wednesday urged the Kansas City Board of Police Commissioners to enforce a ban on gender-affirming care for minors passed by Missouri lawmakers this month.

Tribune News Service

Failure to grasp UK inflation drivers will continue to keep prices high

Energy prices have fallen, and farming and manufacturing costs have eased, so why are food prices still accelerating?

The Guardian - UK

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UK interest rates forecast to jump above 5% this year after higher-than-expected inflation – as it happened

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

The Guardian - UK

Wednesday briefing: Why the UK’s inflation rate just came down to 8.7%

In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for you

The Guardian - UK

Bank of England says inflation has ‘turned corner’ despite soaring food prices

Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors

The Guardian - UK

Bank of England admits it made errors in UK inflation forecasts

Governor Andrew Bailey insisted inflation has ‘turned the corner’, ahead of official figures on Wednesday.

The Independent UK

OPINION - The arrogant Bank of England has made our inflation crisis worse

It is, perhaps, the nearest we’ve got so far to an admission from the Bank of England that things haven’t gone entirely to plan. Andrew Bailey, the Bank’s Governor, acknowledged last week that “some of the strength in core inflation…reflects second-round effects... And as headline inflation falls, these second-round effects…

Evening Standard

Missouri governor to announce his pick as new St. Louis prosecutor after Kim Gardner resignation

Republican Missouri Gov. Mike Parson on Friday will announce his pick to serve out the remainder of Kim Gardner’s term as the chief prosecutor in St. Louis, following her sudden departure earlier this week

The Independent UK

Stop raising interest rates, Jeremy Hunt’s adviser tells Bank of England

‘We can afford to take more time to get inflation back down,’ says Andy Haldane

The Independent UK

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Daily Mirror

Bank of England chiefs ambushed over rocketing inflation and interest rate hikes

The Commons Treasury Select Committee held a rare sitting outside Parliament - and went to Threadneedle Street in the heart of the City of London to tackle the Governor and his deputies

The Independent UK

Here are the restrictions on transgender people that are moving forward in US states

Hundreds of measures targeting transgender people have been proposed in statehouses this year, and several have moved forward this week

The Guardian - UK

Rishi Sunak’s upbeat view on economy stokes claims he is out of touch

On flight to Japan for G7, PM says ‘economic optimism is increasing’ and insists Brexit is working

Evening Standard

Bank of England governor Andrew Bailey: We couldn’t have pre-empted inflation crisis

Bailey said the only way to have prevented soaring inflation would have been to hike rates “well into double-digits” at the height of the pandemic

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The Independent UK

Watch live: Jeremy Hunt and Andrew Bailey speak at British Chambers of Commerce conference

Watch live as Jeremy Hunt and Andrew Bailey speak at the British Chambers of Commerce in Westminster on Wednesday, 17 May.

The Independent UK

Missouri terminates emergency rule to limit trans care for minors, some adults

Missouri officials terminated the Republican attorney general’s emergency rule that would have placed limits on transgender care for minors and some adults

Fortune

The U.K. economist who told Brits to 'accept' being poorer apologizes—kind of

A top U.K. economist ruffled feathers with tactless remarks last month about inflation's primary cause.

The Independent UK

Kim Gardner steps down as St. Louis' elected prosecutor 2 weeks sooner than planned

Embattled St. Louis Circuit Attorney Kim Gardner, who had announced she would resign effective June 1, says she is leaving office immediately

The Independent UK

St. Louis prosecutor seeks to free man imprisoned 33 years for murder, citing evidence of innocence

St. Louis’ top prosecutor has asked a court to set aside the conviction of a man who has spent 33 years in prison for a killing he says he didn’t commit, after witnesses who testified against him later said authorities had pressured them to lie

The Independent UK

Food prices set to come back down soon, supermarket chiefs promise

Retail bosses under pressure as food inflation proves more ‘sticky’ than expected

Manchester Evening News

Bank of England boss warns of more financial pain to come after yet another interest rate rise

Homeowners were warned things could get even worse as Andrew Bailey could not rule out further rises in a bid to bring down rampant inflation

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