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The Latest Breaking News from Andrew Bailey

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

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

Gloomy growth forecast adds to Rachel Reeves’ woes

The Bank of England cut interest rates but halved its growth forecast.

The Independent UK

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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.

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

Pressure rises on Bank of England and the Fed as the interest rate debate gets political

The UK is likely to make a cut this week; Trump has made it very clear he wants his central bank to follow suit

The Guardian - UK

Waiting time to get gold out of Bank of England octuples amid Trump tariff fears: reports

Investors are reportedly waiting up to eight weeks to unlock their gold and ship it to the U.S.

Fortune

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4 States Consider Bills To Treat Women Who Get Abortions as Murderers

These bills—in Indiana, North Dakota, Oklahoma, and South Carolina—could also imperil IVF practices and threaten care for women with pregnancy complications.

Reason

Reeves’s growth plans ‘exactly what economy needs’ say UK business groups – as it happened

Prime minister faced MPs in Commons after chancellor backed runway expansion at Heathrow

The Guardian - UK

Former Bank boss Mark Carney announces bid to replace Canada’s Trudeau

Mr Carney headed up Britain’s central bank between 2013 and 2020 before being succeeded by Andrew Bailey.

Evening Standard

The Guardian view on Keir Starmer’s economy: no acute crisis, but chronically weak

Editorial: Labour should ask the Bank of England if it can do more to boost growth

The Guardian - UK

Rachel Reeves backs ‘non-negotiable’ October Budget during visit to Beijing

The Chancellor of the Exchequer vowed to stand firmly behind her fiscal plan when asked if she will need to rethink her economic strategy.

Evening Standard

Britain's Treasury chief is heading to China to revive suspended economic and financial talks

Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.‘s Labour government seeks to reset frayed ties with Beijing

The Independent UK

The Guardian view on City deregulation: it would be a dangerous step backward

Editorial: Relaxing financial rules risks undermining stability, ignoring post-crash lessons and prioritising short-term gains over the long-term health of the economy

The Guardian - UK

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The Independent UK

A Missouri judge says the state’s abortion ban isn’t enforceable, ensuring legal abortions

A judge has ruled that Missouri’s near-total abortion ban is unenforceable under a new constitutional amendment

The Independent UK

Bank of England expected to hold interest rates after jump in inflation

Policymakers are unlikely to give mortgage holders an early Christmas present this year, after inflation rose in October.

The Guardian - UK

UK job vacancies fall at fastest rate since pandemic as business confidence slumps

Blow to Labour growth hopes as poll finds demand for staff falling at ‘sharp and accelerated pace’, particularly in permanent roles

The Guardian - US

Missouri abortion rights in legal limbo after constitutional protections take effect

Planned Parenthood affiliates ask for strike down of near-total abortion ban and other limiting statutes in lawsuit

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Top News

Trump Considers Kash Patel For FBI Director Role

President Trump considered Kash Patel and Andrew Bailey for FBI Director, with concerns over Bailey's suitability. Trump's inner circle supported Patel's a...

The Independent UK

Trump chose Kash Patel for FBI after his first choice flunked the interview, says report

Missouri Attorney General Andrew Bailey was reportedly a frontrunner for the top job, with Patel being considered as a contender for deputy director

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