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The Latest Breaking News from PA Graphics

Treasury launches leak inquiry over reports OBR has cut UK growth forecast

The watchdog is reported to have cut its growth forecast for the UK, causing problems for the Chancellor as she attempts to stick to her fiscal rules.

Evening Standard

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

The Independent UK

Multibillion-pound Heathrow investment unveiled ahead of new runway plan

Chancellor Rachel Reeves used a speech on growth last month to give her support for a third runway at Heathrow.

Evening Standard

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Immigration changes would ‘deny’ Paddington Bear a passport, Labour MP warns

The Home Office’s good character guidance now says an applicant having entered the UK illegally will normally be refused citizenship.

Evening Standard

Heathrow unveils expansion plan as Reeves attempts to kickstart growth

Rachel Reeves gave her backing to a third runway at Heathrow in a speech last month as part of an attempt to restore confidence in the economy

The Independent UK

Heathrow unveils multibillion-pound expansion plan with new terminals as it prepares third runway bid

Chief executive Thomas Woldbye announced funding for upgrades and expansion in a speech on Wednesday

Evening Standard

Bank of England policymaker says job losses will ‘restrain’ inflation rise

Catherine Mann said more job cuts and a slowdown in hiring partly driven by higher company taxes will slow price rises across the economy.

Evening Standard

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Year above 1.5C suggests world is reaching long term warming threshold – studies

The Paris climate treaty commits to curbing warming to 1.5C above pre-industrial levels, but 2024 exceeded that for first time.

Evening Standard

Coroner highlights pressure in hospitals linked to patients fit to be discharged

It comes after the death of a 91-year-old woman who refused to go to A&E because of a poor experience.

Evening Standard

Bank shareholders eye returns as Barclays and NatWest report

Shares in both firms have more than doubled over the past year, with Barclays up 111% and NatWest 105% higher.

Evening Standard

Bank of England chief economist downplays fears over inflation surge

Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday prices longer term.

Evening Standard

Norovirus outbreak closes three wards at London hospital amid vomiting bug surge

Health chief warns vomiting bug can ‘rip through our wards like wildfire, making patients even sicker’

Evening Standard

Government warned over ‘high risk’ multibillion-pound backing for carbon capture

The MPs called on the Government to assess whether its support for carbon capture utilisation and storage in the UK will be affordable for taxpayers.

Evening Standard

Bank of England cuts rates but slashes growth forecast in blow to Labour

The base rate fell to 4.5% on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

Evening Standard

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Evening Standard

Interest rates: Why have they been cut and what does it mean?

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Evening Standard

Wicked, Moana and Paddington help UK cinema admissions hit five-year high

Admissions were up 2% on 2023, according to data published by the British Film Institute.

The Independent UK

Households facing months of pain amid forecast of higher-than-expected inflation

Energy, water, food and council tax bills are all on the increase.

The Independent UK

Bank of England cuts interest rates to 4.5% as it downgrades growth forecast

The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.

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The Independent UK

Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%

The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth

The Independent UK

Hospitals ‘close to full’ as many beds occupied by people fit to be discharged

It comes as cases of the winter vomiting bug are on the rise in hospitals.

Evening Standard

Bank of England expected to resume interest rate cuts

The UK’s base interest rate currently sits at 4.75%.

The Independent UK

Zoe Ball leaves Radio 2 Breakfast Show with audience boost

Ball’s replacement, Scott Mills, took over the show on January 27.

The Independent UK

Immigrants should face tougher hurdles for citizenship, says Badenoch

The Conservatives have urged the Government to amend its immigration legislation to include their proposals.

Evening Standard

Starmer: Chagos deal necessary to give legal certainty for Diego Garcia base

Sir Keir Starmer clashed with Tory leader Kemi Badenoch over the deal to hand over the Chagos Islands to Mauritius.

Evening Standard

Starmer claims Badenoch not fit to be PM during Commons clash over Chagos

Conservative Party leader Kemi Badenoch also challenged Sir Keir Starmer over oil and gas projects in the North Sea.

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