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The Latest Breaking News from James Smith

Why has inflation increased and what does it mean for households?

Inflation lifted to its highest level since April last month, according to official data.

The Independent UK

Keir Starmer denies budget to blame for rise in mortgage rates

PM says budget stabilised the economy, while mortgage rates are ‘individual decisions for the banks’

The Guardian - UK

Global stocks weaken amid ‘lacklustre’ UK economic growth data

London’s FTSE 100 struggled to maintain gains from earlier in the day and closed 7.58 points lower, or 0.09%, at 8,063.61.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

‘James Brown kept cutting our stage time’ – how the Stylistics made You Make Me Feel Brand New

‘The first time we opened for James Brown, we got 20 minutes on stage. Then when he heard the crowd response, he cut it to 15. By the end of the tour, he’d cut us back to five’

The Guardian - UK

Bank says ‘gradual approach’ to interest rate cuts needed after Budget

Andrew Bailey said it would ‘help us to observe’ how the tax measures would play out for the economy.

Evening Standard

Bank of England poised to cut UK interest rates for second time this year

Most economists think policymakers at the Bank of England will opt to reduce interest rates to 4.75% on Thursday.

Evening Standard

Chancellor seeks to calm markets amid jitters after Budget borrowing spree

The Budget increased state spending by almost £70 billion per year funded by increased taxes and borrowing.

Evening Standard

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Reeves admits NI hike could hit pay rises while markets react to borrowing spree

Chancellor Rachel Reeves insisted she had no alternative but to raise taxes in her first Budget.

Evening Standard

‘Lady Gaga went to our chippy’: how Yorkshire became a cultural powerhouse

English Teacher won the Mercury prize, Amy Gledhill won the Edinburgh comedy award – and now even Beyoncé wants a piece of the action. Why has ‘God’s own county’ become such an artistic force?

The Guardian - UK

This London startup wants to build an eBay for AI data

Human Native has hired execs who pioneered Google's partnerships with publishers.

Fortune

Interest rate cut likely to be delayed by Bank of England, says former Chancellor Lord Hammond

The Tory peer believes the bank’s Monetary Policy Committee will be concerned about pay rises well above its two per cent inflation target

Evening Standard

Bank of England’s interest rate decision on a knife-edge, economists say

Economists are split over whether the Bank’s policymakers will decide it is the right time to reduce rates on Thursday.

Evening Standard

Friday briefing: The ins and outs of Labour’s unspectacular manifesto

In today’s newsletter: Keir Starmer stood on a platform for change when launching his party’s document for winning the election. But how much is being promised by Labour’s manifesto?

The Guardian - UK

As ‘All eyes on Rafah’ floods Instagram, Gazan families seek help on WhatsApp

As the AI-generated ‘All eyes on Rafah’ Instagram tile was shared more than 47 million times, real families in Gaza were reaching out on messaging services.

Crikey

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The Independent UK

Inflation: Why has it fallen and what it means for you

April’s inflation rate of 2.3% means that if an item cost £100 a year ago, the same thing would now cost £102.30

The Independent UK

Biggest inflation shock in decades has turned UK into nation of savers – report

Big changes in overall prices remain with us, even though inflation is easing, the Resolution Foundation said.

The Guardian - UK

Israeli tanks reach residential areas as IDF pushes further into Rafah

Witnesses report clashes in streets after seeing tanks cross strategically important Salah al-Din road

Tom’s Hardware

'World's smallest' Wii is the size of a deck of cards, uses custom PCBs

A Nintendo Wii is successfully converted into the size of a deck of playing cards, and how to do it yourself is shared on GitHub.

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The Guardian - UK

‘They’re targeting healthcare workers’: airstrikes a constant fear for UK doctors in Gaza

Volunteers express concerns about continuing their work after Israeli attack that killed seven aid workers

The Guardian - UK

Yard Act review – a punk-funk workout for overthinkers

Touring their exuberant second album, the Leeds band are embracing their dancier side as their barbed observational songs get ever more intimate

The Guardian - UK

Yard Act review – a band having fun in the midst of an identity crisis

Seeming to play their jagged post-punky early material with some reluctance, the Leeds band strike out into bold new territory with hypnotic electronic grooves, disco stompers – and a Napalm Death collab

Guitar World

“My tone is already destroyed by the time it gets to the amp”: Yard Act are redefining post-punk guitar with plugins and ‘cheapo’ gear – and they reckon a Squier Bullet Tele sounds great DI’d

In a radical new album, Yard Act are blurring the lines between post-punk and hip-hop. Guitarist Sam Shipstone reveals how it was made – with sampling, budget gear and an experimental approach to tone

WEKU

On Super Tuesday, abortion is driving Democrats to the polls in North Carolina

The Biden campaign says it sees a chance to win North Carolina in November. In the primary campaign, Democratic voters say new restrictions on abortion are motivating them to get to the polls.

The Guardian - UK

Yard Act: Where’s My Utopia? review – a leap forward for Leeds post-punkers

The band’s expanding ambitions encompass disco, strings and David Thewlis, as frontman James Smith gets reflective

Evening Standard

Chancellor Jeremy Hunt's Budget balancing act moves into the City's spotlight

Square Mile on watch for London stock exchange boost from new tax breaks for savers and experts say don't write off 2p income tax cut

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