6 h. ago The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes | Editorial

Liz Truss fell not for borrowing, but for incompetence. Rachel Reeves mustn’t repeat the mistake with rules markets don’t demandIn 1995, Nick Leeson, a 28-year-old trader for Barings Bank, brought down the City’s oldest finance house by, among other things, betting that the Bank of Japan (BoJ) couldn’t keep rates low forever after its financial crash led to a borrowing spree. The devastating Kobe earthquake was the final blow. The BoJ cut rates, bond prices rose and his losses spiralled to $1.4bn. His bet that markets would beat Japan brought down the bank.Barings’ collapse is perhaps a spectacular example of the “widowmaker” trade, where speculators think they can outsmart Japanese authorities. They’ve ended up with egg on their face as their gamble on Japan losing fiscal control proved misguided. Japan, with its own currency and a central bank working with the government, shows how the state shapes markets, not the other way round.Do you have an opinion on the issue...

Politics

7 h. ago Liz Truss hints at returning to frontline politics and admits she is ‘obsessed with making Britain great again’

Liz Truss has hinted about returning to frontline politics, revealing that she has “always been obsessed with making Britain a great nation again”.

Politics

10 h. ago Ted Lasso return date could be 'soon' after fans spot major fourth season hint

Ted Lasso fans are convinced the fourth season of the Apple TV+ show isn't far off after a major clue was spotted, with Jason Sudeikis confirming work was underway on new episodes

Politics

13 h. ago BBC Strictly Come Dancing's Amy Dowden hints at partner ahead of return

Strictly Come Dancing star Amy Dowden joined Lorraine on her Wednesday morning show as she spoke all things Strictly and post-surgery recovery

Politics

14 h. ago Wes Streeting slams Liz Truss for lecturing government on economy: ‘Keep your head down’

Wes Streeting has slammed Liz Truss for lecturing the Labour government about the economy, telling the former prime minister she should “keep her head down”.

Politics

16 h. ago Wes Streeting's brutal response to Liz Truss's latest economic advice

The top Labour Cabinet minister Wes Streeting compared the disaster ex-Tory leader Liz Truss to an 'arsonist complaining the fire brigade isn't doing a good enough job'

Economics

17 h. ago Kemi Badenoch ‘unlikely to win’ next election, says Liz Truss

The former prime minister declined to rule out a return to frontline UK politics and would not be drawn on whether she wanted to join Reform UK.

Politics

5 d. ago Jose Mourinho sacked by Fenerbahce after dropping 'huge Man Utd return hint'

Jose Mourinho has been sacked by Turkish Super Lig club Fenerbahce - sparking speculation he's set for a sensational Premier League return and could even head back to Manchester United

Politics

6 d. ago Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in Fed battle; US growth revised higher amid AI boom – business live

Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’People in the UK: how have you been affected by the rise in food prices?The FCA’s investigation into Drax comes five months after the company’s former top lobbyist accused it of “misleading the public, government and its regulator” over its sourcing of wood for biomass pellets.In a claim for unfair dismissal, Rowaa Ahmar, Drax’s former head of public affairs, said evidence suggested Drax was “unable to prove that it only sourced sustainable wood for its biomass, and that it was in fact using unsustainable wood”. Continue reading...

Events

6 d. ago Liz Truss backs Trump attacks on Fed and says ‘reckoning’ on way for central banks

Britain’s shortest-serving prime minister also critical of Bank of England and European Central BankBusiness live – latest updatesDonald Trump’s assault on the independence of the US Federal Reserve has been backed by Liz Truss, the shortest-serving British prime minister in history, who was ousted after a meltdown in the financial markets.The former Conservative leader, who during her 49 days in power in late 2022 railed against the “deep state” and the Bank of England for undermining her before she was ejected from office by her own party, said a “reckoning” was coming for the world’s most powerful central banks. Continue reading...

Politics

6 d. ago Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in battle with Fed – business live

Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’People in the UK: how have you been affected by the rise in food prices?The FCA’s investigation into Drax comes five months after the company’s former top lobbyist accused it of “misleading the public, government and its regulator” over its sourcing of wood for biomass pellets.In a claim for unfair dismissal, Rowaa Ahmar, Drax’s former head of public affairs, said evidence suggested Drax was “unable to prove that it only sourced sustainable wood for its biomass, and that it was in fact using unsustainable wood”. Continue reading...

Events

6 d. ago Germany moves closer to bringing back compulsory military conscription as army expansion plan unveiled amid soaring tensions with Russia

Chancellor Friedrich Merz has unveiled a sweeping plan to strengthen the German armed forces and hinted that conscription could return if efforts to boost voluntary recruitment fail.

Events

7 d. ago Peter Andre refuses to rule out return to ITV show as he hints at return

Peter Andre has been open about the possibility of making a return to the reality TV show that made him a household name over 20 years ago

Culture

2 w. ago Christine McGuinness teases Celebs Go Dating return just hours after tearful exit

Christine McGuinness was seen quitting Celebs Go Dating in emotional scenes that aired last night as she confessed she missed her children and wanted to go home, but now the celeb has hinted a return might be in the cards

Politics

2 w. ago 'We were right on 20mph, Brexit was wrong and Nigel Farage would be a disaster for Wales'

Departing Welsh Government cabinet member Julie James gave her no holds barred take as she prepares to leave frontline politics

Events

3 w. ago DAN HODGES: Keir Starmer's nightmarish vision is so wrong and hypocritical. He's talking Britain down

The last time I saw Liz Truss as Prime Minister, we were discussing our mutual love of South London.

Politics

3 w. ago Liz Truss slams beloved UK event claiming it was made by people who 'hate Britain'

She managed to take a swipe at the NHS, Isembard Kingdom Brunel, Shakespeare, Peter Pan, Jerusalem, Mary Poppins, Elgar, Pink Floyd, The Clash, James Bond and the Queen all in one sentence

Politics

3 w. ago Paul Pogba return hint emerges as update issued on former Man United star

Former Manchester United midfielder Paul Pogba has returned to football with AS Monaco but his return to the pitch appears to still be some way off

Politics

3 w. ago Richard Hammond drops major hint Top Gear could return after BBC axed show following Flintoff crash

Top Gear has been on indefinite pause since December 2022, when former England cricket captain Flintoff was seriously injured during filming

Events

3 w. ago EastEnders 'drops huge hint' character will return from prison

In an era of returns, EastEnders fans are convinced one character is about to make his way out of prison and back into the Square as they spotted a huge clue in tonight's episode

Events