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The Latest Breaking News from FPC

Virginia's New 'Assault Firearm' Ban Is Plainly Unconstitutional, a Federal Lawsuit Argues

Three Second Amendment groups say the law violates the right to own arms in common use for self-defense and other lawful purposes.

Reason

ATF Rule Changes Could Ease Restrictions for Gun Owners and Dealers

While not groundbreaking, the regulatory shifts offer some welcome relief.

Reason

Iran war may increase mortgage payments for extra 1.3m households, says Bank of England

Financial policy committee predicts ‘Trumpflation’ rises, as average two-year fixed rate hits 5.84%

The Guardian - UK

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The Trump Administration Has a Conflicted Relationship with the Second Amendment

The right to bear arms is inherently anti-authoritarian at a time when Trump wields authority.

Reason

Bank of England to loosen post-financial crisis capital rules for banks

It marks the first time that the Bank has assessed its capital requirements in a decade.

Evening Standard

Bank of England defends OBR’s independence against political attacks; UK banks pass stress tests – as it happened

BoE governor Andrew Bailey says it’s important to remember why Office for Budget Responsibility was created, amid row over budget leaks

The Guardian - UK

Portuguese Federation cancels organisational contract for some of Portugal's biggest races

FPC terminates contract with Podium Events for the Volta a Portugal and Volta ao Alentejo a year early due to 'repeated non-compliance with contractual and payment obligations'

Cycling News

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JP Morgan boss and BoE warn on risk of stock market slump

Bank’s Financial Policy Committee make comparison with dot com crash

Evening Standard

Bank of England on AI mania: ‘Stretched’ stock valuations ‘comparable to the peak of the dotcom bubble’

The top five members of the S&P 500 command nearly 30% of market share, a record high for any point over the past 50 years.

Fortune

Bank of England warns of growing risk that AI bubble could burst

Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee

The Guardian - UK

AI firms vulnerable to sharp drop in valuations, Bank of England warns

The risk of a ‘sharp correction’ in the financial markets has increased, the Bank’s Financial Policy Committee said.

Evening Standard

The Trump Administration Defends the Federal Ban on Interstate Handgun Sales

In response to a Second Amendment lawsuit, the government says the restriction "serves legitimate objectives" and "only modestly burdens" the right to arms.

Reason

Boost for first-time buyers as ‘mortgage lending reins loosened’

One mortgage expert said the Bank of England had made a ‘welcome and pragmatic move’.

Evening Standard

UK workforce exposed if global trade war intensifies, Bank warns

Households and businesses nonetheless remain resilient, and the UK banking system is equipped to support them if conditions worsen.

The Independent UK

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Reason

The 9th Circuit Says California's One-Per-Month Limit on Gun Purchases Is Unconstitutional

The appeals court concluded that the restriction impinges on the right to arms and is not consistent with the historical tradition of firearm regulation.

Reason

Gun Owners Deserve Freedom To Enjoy the Sound of Silencers

Long restricted by federal law, suppressors are poised to be freed by litigation or legislation.

Reason

17 Years Ago, She Lost Her Gun Rights for Passing a Bad Check. She Wants SCOTUS To Rectify That Injustice.

Melynda Vincent is asking the justices to decide whether it's constitutional to disarm people based on nothing more than a nonviolent criminal conviction.

The Guardian - UK

Bank of England says AI software could create market crisis for profit

Concern grows over programs deployed to act with autonomy that may ‘exploit weaknesses’

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news in one place.

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The Guardian - UK

Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warns

Evening Standard

Global stability risks rise as US tariffs could weigh on growth, Bank warns

It follows US President Donald Trump announcing a series of new and higher tariffs on all imports to the US.

Reason

The 5th Circuit Says the Federal Ban on Handgun Sales to Young Adults Is Unconstitutional

The government failed to persuade the appeals court that 18-to-20-year-olds are not part of "the people" or that the age restriction is consistent with the "historical tradition of firearm regulation."

The Guardian - UK

Post-Brexit border checks putting food security at risk, produce sellers warn

Importers also facing rising costs, delays and damage to orders, letter from representatives tells government

The Guardian - UK

UK’s post-Brexit checks on fruit and vegetables delayed for a third time

Move comes amid concerns from suppliers that checks on goods coming from EU could lead to higher prices

Reason

Firearms Policy Coalition Takes No Prisoners in Sharp Response to Thin-Skinned Maine Governor

Gov. Janet Mills’s office referred critical social media posts to the police. The FPC pushed back.

The Guardian - UK

Global wave of elections could hit UK financial system, warns Bank of England

Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year

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