4 h. ago BoE crushes Brits' hopes of interest rate cut as surging food prices spark alarm about inflation

The Monetary Policy Committee kept the base rate at 4 per cent as it announced the latest decision at noon.

Economics

6 h. ago BoE poised to dash Brits' hopes of interest rate cut TODAY as surging food prices spark alarm about inflation

The Monetary Policy Committee is expected to keep the base rate at 4 per cent when the latest decision is announced at noon.

Economics

11 h. ago Will mortgage rates drop further after the Fed's rate cut? Not necessarily

The Federal Reserve just cut its benchmark rate for the first time since last year, but that doesn't guarantee mortgage rates will keep dropping

Politics

20 h. ago Federal Reserve cuts US interest rates for first time since December

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald TrumpThe US Federal Reserve cut interest rates on Wednesday, its first rate cut since December, as the central bank moved to stabilize a wobbling labor market even as Donald Trump’s tariffs continue to push up prices.Rates are now at a range of 4% to 4.25% – the lowest since November 2022. But the decision is unlikely to satisfy Trump, who has lambasted the Fed for acting “too late” and called for a far bigger cut. Continue reading...

Politics

21 h. ago Federal Reserve cuts interest rates for first time in nearly a year, from 4.25% to 4% – live updates

Quarter point reduction comes amid concern of political pressure on the independent central bank from the Trump administrationIn economic projections released after the Fed’s rate-cute decision, members of the Fed’s board submitted their economic predictions for the economy over the next few years.A slight majority of board members seem to expect another rate cut by the end of the year, while a majority see more rate cuts in 2026. Board members are predicting a slight increase in unemployment, though they seem to think that inflation will largely cool in 2026 and 2027. Continue reading...

Politics

21 h. ago Jerome Powell finally does it: Federal Reserve cuts interest rates a quarter of a percent

The rate cut comes as Trump stages an unprecedented assault on independence of the Federal Reserve

Politics

32 h. ago UK inflation: What a steady 3.8% rate means for interest rates and mortgages

“While inflation is no longer rising, it doesn’t make another rate cut any likelier this year” – Kevin Brown, Scottish Friendly

Economics

32 h. ago UK overall inflation remains at 3.8% in August, but food price growth climbs for fifth month in a row

Food prices rise at fastest rate since January 2024 with vegetables, milk, cheese and fish going up; Bank of England expected to keep interest rates on hold on ThursdayAt 3.8%, the latest UK inflation data certainly isn’t welcome news for the Bank of England ahead of its decision on Thursday, where it’s widely expected to leave rates on hold, said James Smith, developed markets UK economist at ING.Yet the latest data doesn’t dramatically move the needle one way or another on the prospect of a further rate cut later this year.Inflation is more or less at a peak, though it’s likely to stay in the 3.5-4% area for the rest of this year.However, we think there is still scope for services inflation to undershoot the Bank’s forecasts further in the next release for September. And more broadly, we are seeing a significant easing in rental growth, which is set to be a significant source of service sector disinflation over the coming months.If we’re right about that, it would tip the balance ...

Economics

36 h. ago Asian benchmarks are mixed after Wall Street edges down from record highs

Asian shares are trading mixed after U.S. stocks edged down from record highs and as market focus turned to expectations for the Federal Reserve’s first interest rate cut of the year

Politics

54 h. ago ‘There’s a basic decency among British people’: Hope Not Hate’s Nick Lowles on how to defeat the far right

Lowles has spent his entire adult life organising against fascism, facing countless threats as a result. He discusses the street confrontations of the 80s, foiling a murder plot, Nazi satanists – and the urgent need for optimism and actionIn 1979, a 10-year-old Nick Lowles saw a hard-right party political broadcast. Born in Hounslow in London, he had moved to Shrewsbury when he was seven: “A very white town. There was a British Movement march soon after we moved up there.” Theirs was a “small-P political household”. His dad was a social worker, his mum worked for various charities. “She was from Mauritius, and now on the telly, the National Front were saying they were going to send people who weren’t born in Britain home in six months. I was petrified that my mum was going to get sent home.” The ambient racism of 70s and 80s Britain permeated everything. “I just remember being scared,” Lowles says. “We used to go on holiday and I tan really easily. I was frightened of coming back to...

Politics

66 h. ago British UFC star Lerone Murphy's hopes of featherweight title shot get unexpected boost

UFC ULTIMATE INSIDER COLUMN: Manchester star Murphy is in line for a December showdown with champ Alexander Volkanovski after Diego Lopes derails the rise of Jean Silva at UFC Noche

Politics

3 d. ago World Athletics Championships: Molly Caudery and Emile Cairess forced into early exits on day three

Britain’s hopes for medals in women’s pole vault and men’s marathon dashed by injury and tricky conditions

Politics

3 d. ago Great Britain dealt double blow after medal hope forced to withdraw

Molly Caudery sustained an ankle injury in the warm-up, while Emile Cairess battled through the heat before bowing out

Economics

4 d. ago BBQ and Sunday roast fans to fork out more for their grub as price of beef rockets

The price of beef has hit a record high as strong American and Chinese demand and dwindling global cattle numbers spark a 25% year-on-year price increase in the UK.

Events

6 d. ago New specialist clinic aims to give better access to advanced genetic testing

It comes as scores of people in the region face travel to Great Britain in hopes of finding a diagnosis.

Politics

6 d. ago Alexander Isak: Arne Slot sends clear message to fans over fitness before Liverpool debut

Reds’ £125million British record signing will hope to be involved against Burnley this weekend

Sport

7 d. ago Inflation spiked in August as Trump’s tariffs went into full effect ... and that’s not all the bad news for economy

Increases in the costs of food, shelter and energy caused inflation to spike and increase the likelihood of an interest rate cut

Economics

8 d. ago Urgent warning over smuggled MEAT thought to be behind surge in food poisoning outbreaks: 'Biggest food safety crisis since the horse meat scandal'

Last year alone, 235,000kg of potentially dangerous animal products entered the country, with gangs illegally importing through airports and sea ports.

Events

1 week ago Great British Bake Off 2025: Here are the 12 Scottish bakers who have appeared in the tent

With the new series now here, we take a look at all of the Great British Bake Off contestants from Scotland - including 2025 hopeful Jasmine.

Politics

1 week ago Prince Harry arrives in Britain amid hopes for royal reunion with King Charles: Live updates

LIVE UPDATES: Follow the latest developments on Prince Harry as he arrives in Britain for a four-day visit amid claims he wants to 'reset' his relationship with King Charles and the Royal Family.

Politics