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The Latest Breaking News from Andrew Bailey

Treasury should tax big banks on quantitative easing windfalls, argues thinktank

IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year

The Guardian - UK

Bank of England governor says UK faces ‘acute challenge’ from sick and ageing workforce

‘We are well at the bottom of the league table’, said the senior policymaker

The Independent UK

Trump’s new co-FBI deputy director once tried to subpoena abortion patients’ records

The subpoena was part of a lawsuit targeting Planned Parenthood of Great Plains

The Independent UK

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Former US Attorney Catherine Hanaway appointed as Missouri's next attorney general

Former U.S. Attorney Catherine Hanaway has been appointed as Missouri's next attorney general

The Independent UK

Bongino to work alongside ‘co-deputy director’ of FBI after sparring with administration over Epstein files

Former podcaster reportedly had bitter argument with Attorney General Pam Bondi last month over the handling of government documents related to the deceased pedophile

The Independent UK

Homeland security secretary Kristi Noem announces new Ice jail in Nebraska amid Trump crackdown – as it happened

Department plans ‘Cornhusker Clink’ for south-western part of state, latest in string of new detention facilities

The Guardian - US

Trump Loyalist Andrew Bailey Joins FBI Leadership As Co-Deputy Director Amid Dan Bongino Epstein Clash And DOJ Turmoil

Missouri Attorney General Andrew Bailey, a staunch ally of President Donald Trump, has been appointed co-deputy director of the Federal Bureau of Investigation, joining conservative commentator Dan Bongino in a rare power-sharing arrangement at the bureau's top ranks.

Benzinga

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Reeves and Starmer to prepare ground for tax rises in a difficult autumn budget

Exclusive: The Guardian has been told that discussions about increases include a near-certain gambling levy

The Guardian - UK

Dire economic crosswinds mean Rachel Reeves must raise income tax

THE INDEPENDENT VIEW: Editorial: Despite interest rates being brought to their lowest level in more than two years, a combination of meagre economic growth, high government spending and U-turns over proposed welfare cuts has trapped Labour in a fiscal straitjacket. But the chancellor must remember that good policy is good…

The Independent UK

Stocks mixed but pound up after Bank of England rate cut

The FTSE 100 index closed down 63.54 points, 0.7%, at 9,100.77.

Evening Standard

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

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

Evening Standard

Bank lowers UK interest rates but warns ‘uncertainty’ about future cuts

Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.

Evening Standard

Voices: How the cut in interest rates might come back and bite us all

COMMENT: The flagging UK economy will get a badly needed boost from the Bank of England’s third rate cut of the year – but, says James Moore, given an unexpected jump in inflation, there could now be several unintended consequences

The Independent UK

UK interest rates slashed to lowest level in two years

UK interest rates have been cut to their lowest level since March 2023, despite the Bank of England predicting a sharp rise in inflation amid…

The National (Scotland)

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The Guardian - UK

Bank’s base rate gift signals wage rise conflict is on the way

In their economic outlook the rate setters see a threat from rising prices of food, energy and business services

The Independent UK

Interest rates cut to 4% as UK inflation picks up

The cut came after the Bank’s rate-setting committee was forced to take a second vote for the first time in its history.

The Guardian - UK

Home Office reveals how people will be chosen to come to UK from France under ‘one in, one out’ scheme – as it happened

People will be chosen via three-stage process, with government expected to accept around 50 migrants a week when scheme starts

The Independent UK

Voices: George Osborne is right – Britain can’t afford to ignore the new cryptocurrencies

INSIDE BUSINESS: Former chancellor warns the UK against abandoning the global crypto race, says James Moore – and, when it comes to loosening consumer protection rules, he may have a point

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news in one place.

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The Guardian - UK

The Guardian view on Trump’s crypto push: Britain is right to say no to digital currency politics

Editorial: As the US president’s family profits from private money, the Bank of England is showing necessary leadership by rejecting the hype

Evening Standard

Rachel Reeves and Andrew Bailey clash over blocked Revolut meeting – reports

The Bank governor scrapped a three-way meeting involving the Prudential Regulation Authority, the Treasury and the fintech firm.

The Independent UK

Voices: Governor Bailey is wrong: We should embrace the digital pound

COMMENT : Digital currencies are coming, but the governor is acting like a stick in the mud. His conservatism means Britain will be late to the party with the future of this new form of money shaped by others, says James Moore

The Independent UK

Trump administration canceled a $4.9B loan guarantee for a line to deliver green power

The Trump administration has canceled a $4.9 billion federal loan guarantee for a new, 800-mile high-voltage transmission line for delivering solar and wind-generated electricity from the Midwest to the eastern U.S. The U.S. Department of Energy says Wednesday that it is not critical for the federal government to play a…

The Independent UK

Rotherham abuse prisoner found guilty of raping another teenager

Sageer Hussain, 39, was one of three men found guilty of rape at Sheffield Crown Court on Wednesday

Evening Standard

Bank of England chief says ‘not sensible’ to tear up ring-fencing rules

Andrew Bailey’s comments come after Chancellor Rachel Reeves announced plans to reform the system.

The Guardian - UK

BoE governor warns Reeves weakening banking rules risks repeat of 2008 crisis

Radical shake-up to unleash risk-taking in the name of growth would be a mistake, says Andrew Bailey

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