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The Latest Breaking News from Andrew Bailey

Bank of England governor backs regulator plan to ensure ‘fairness’ for savers

The Financial Conduct Authority said it will take action if firms offering the lowest savings rates are unable to justify how they offer fair value.

The Independent UK

Sunak under pressure as Bank signals rates will stay high for months

Tory MPs call for targeted tax cuts as Labour criticises 14th interest rate hike as ‘mortgage bombshell’

The Guardian - UK

More pain in store – tough-talking Bank raises UK interest rates and a few eyebrows

Rise to 5.25% comes as no surprise but Bank of England’s language will frighten many

The Guardian - UK

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Bank of England says interest rates will remain high for at least two years

Policymakers vote for quarter-point rise to 5.25%, the 14th increase in a row, as Bank rules out prospect of recession

The Guardian - UK

Sarah Breeden to be deputy governor of Bank of England

Bank will have largest ever number of women on rate-setting monetary policy committee after appointment

The Guardian - UK

Ben Bernanke to lead review into Bank of England forecasting errors

Former Fed chair appointed as Bank faces pressure to explain why economic forecasts have been so wide of mark

The Guardian - UK

British Airways Served Passengers KFC After A Catering Fuck Up & I Can Smell It From Here

"We had to wing it on this occasion."

Pedestrian.tv

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BA passengers on 12-hour flight to London Heathrow served KFC from buckets in catering gaffe

Passengers reported that some people were given just one piece of fried chicken

Evening Standard

Missouri S. Ct. Requires State AG to Certify Reproductive Rights Initiative Ballot Language

Prof. Howard Friedman (Religion Clause) reports (some punctuation revised): In State of Missouri ex rel. Dr. Anna Fitz-James v. Bailey (MO Sup. Ct., July 20, 2023), the Missouri Supreme Court affirmed a trial court's issuance of a writ of mandamus requiring the state Attorney General to approve the State Auditor's…

Reason

Unconvinced by the Bank of England on inflation’s causes and solutions

Letters: Michael McLoughlin and Alan Whitehouse on recent attempts at control from the chancellor and the Bank of England governor

The Guardian - UK

Families fleeing anti-trans states

Draconian laws banning trans care are forcing some families to flee to more progressive states

Salon

No dancing with joy just yet to the tune of decreased inflation

City Voices: Most people are yet to see the benefits of falling inflation

Evening Standard

Missouri Supreme Court weighs fate of amendment to restore abortion rights

Whether Missouri voters get a chance to weigh in on legalizing abortion is now up to state Supreme Court judges

The Independent UK

Bank of England pays staff bonuses after its own calls for wage restraint

BOE paid out £25 million in bonuses last year, according to Open Democracy

Evening Standard

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The Independent UK

As UK housing costs soar, anxiety grips homeowners and renters: 'I'm in meltdown'

For millions in the U.K., the cost-of-living crisis just never seems to ease

Tribune News Service

County prosecutor fights Missouri abortion ban’s criminal penalties in court

Jackson County Prosecutor Jean Peters Baker is seeking to strike down Missouri’s criminal penalties for abortion, adding to an already intense legal confrontation playing out in St. Louis that could result in a judge overturning the state’s near-total ban.

Reason

Federal Officials Can Keep Pressing Tech Platforms To Remove Content for Now, Court Says

Plus: GOP candidate defends “limited role of government” in parental decisions for transgender kids, some common sense about Diet Coke and cancer, and more…

Reason

A Win for the First Amendment, and a Loss for Partisans Who Want to Weaponize Censorship

One thing is clear about Missouri v. Biden: The decision cannot be understood by viewing it through a polarized lens.

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Tribune News Service

Editorial: Ruling in Missouri case against Biden shows why protecting disinformation is dangerous

What’s wrong with protecting disinformation by blocking a bunch of Biden administration agencies and officials from communicating with social media companies about it?

Manchester Evening News

One million households warned their mortgage repayments could go up by another £500 a month

The Bank of England boss says there 'will be consequences' of higher borrowing costs over the next three years

The Week

Five options to get the UK back to 2% inflation

Bank of England (BoE) governor Andrew Bailey has said inflation will fall “markedly” this year, as he signalled that the central bank is likely to raise interest rates once again in an attempt to reach its 2% inflation target.

Wales Online

Bank of England warns 1m people to expect £500 a month added to mortgage bill

The Governor has warned 'there will be consequences'

Evening Standard

When is the UK’s next inflation report and what is it likely to recommend?

The data has been described as a ‘glimmer of light’ for the Bank of England

Evening Standard

Wage restraint fantasy borders on the comical

City Comment: ‘No one wants to see unemployment higher’, claims Andrew Bailey, while giving every indication that’s exactly what he wants.

The Guardian - UK

Rising mortgage rates will cause ‘financial stress’, MPs hear, as two-year fixed rates hit 15-year high – as it happened

Treasury Committee quiz lenders about mortgage rates, as two-year fixed mortgage rate rises to 6.66%, highest since 2008

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