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Bank cuts interest rates to 4.25% as tariff tensions dampen growth

UK News

Bank cuts interest rates to 4.25% as tariff tensions dampen growth

The Bank of England has cut interest rates to its lowest level for two years as it warned that an escalating global trade war will drag on growth over the next three years. The central bank cut the UK’s base interest rate from 4.5% to 4.25% following a slowdown in inflation in recent months. Andrew Bailey, governor of the Bank of England, said: “Inflationary pressures have continued to ease so […]

today08/05/2025

Temperatures remain above 1.5C threshold after second hottest April on record

UK News

Temperatures remain above 1.5C threshold after second hottest April on record

Last month was the second hottest April on record with world temperatures remaining above the key 1.5C threshold for global warming, scientists have said. April 2025 was 0.6C above the 1991-2020 average for the month and 1.51C above pre-industrial levels, according to the EU’s Copernicus Climate Change Service (C3S). This makes it the 21st month in the last 22 months for which the global average surface air temperature was more […]

today08/05/2025

UK’s National Wealth Fund seals £1.35bn loan to build North Sea power cables

UK News

UK’s National Wealth Fund seals £1.35bn loan to build North Sea power cables

The UK’s National Wealth Fund and several banks are handing energy firm ScottishPower a £1.35 billion loan to upgrade the power grid between Scotland and England. The financing package will help pay for work on several major offshore cabling projects carrying electricity from wind farms in Scotland into England, via the North Sea. The Eastern Green Link (EGL) project one will carry electricity from Torness in south-east Scotland to Hawthorn […]

today08/05/2025

Donald Trump to announce ‘major trade deal’

UK News

Donald Trump to announce ‘major trade deal’

Donald Trump will on Thursday announce the US has reached a “major trade deal” with a “highly respected country”, the US president said. Multiple media outlets in the US, including the New York Times, reported the deal was with the UK, citing people familiar with the plans. The PA news agency has approached the Government for comment. Mr Trump took to his Truth Social platform to announce he would hold […]

today08/05/2025

Arsenal’s Champions League dream over

UK News

Arsenal’s Champions League dream over

Arsenal’s bid to win the Champions League for the first time is over after they suffered a 2-1 second-leg defeat to Paris St Germain at the Parc des Princes. Mikel Arteta’s players were already one goal down in the semi-final, and, despite a strong start, they were two behind in the tie when Fabian Ruiz struck for PSG after 27 minutes. Vitinha missed a penalty – after Myles Lewis-Skelly was […]

today08/05/2025

Chancellor on track to miss fiscal rules, says economic forecaster

UK News

Chancellor on track to miss fiscal rules, says economic forecaster

The Government is on track to miss its key fiscal rules, increasing the likelihood of tax hikes later this year, an economic think tank has warned. Economic growth is also on track to be weaker than previously expected this year, according to the National Institute of Economic and Social Research (Niesr). Fresh forecasts from the organisation indicated that a slowdown in domestic demand and global economic uncertainty will impact potential […]

today08/05/2025

Broadcaster David Attenborough praised for ‘influence’ on his 99th birthday

UK News

Broadcaster David Attenborough praised for ‘influence’ on his 99th birthday

Veteran broadcaster Sir David Attenborough has been hailed at Holyrood for his “influence” on marine conservation as he celebrates his 99th birthday. SNP MSP Emma Harper put forward a motion in the Scottish Parliament praising him for “his tireless service to humanity and nature over seven decades”. She submitted the motion ahead of the release of Sir David’s latest film, Ocean, which includes scenes of the “extraordinary life in the […]

today08/05/2025

Jury in Sean ‘Diddy’ Combs trial may not be finalised until Friday

UK News

Jury in Sean ‘Diddy’ Combs trial may not be finalised until Friday

The jury in the sex trafficking trial of music mogul Sean “Diddy” Combs is not expected to be finalised until Friday, two days later than expected. Judge Arun Subramanian granted a request by lawyers on Wednesday for extra time to decide who they will eliminate from the list of prospective jurors. It is the last step of a jury selection process that began when potential jurors filled out questionnaires last […]

today07/05/2025

Daily Mail publisher asks Duke of Sussex lawyers for ‘payment’ documents

UK News

Daily Mail publisher asks Duke of Sussex lawyers for ‘payment’ documents

The publisher of the Daily Mail has asked lawyers for the Duke of Sussex to hand over any documents that relate to payments or “threats” made for evidence in the legal claim against the organisation. Harry, along with a group of six others, including Liz Hurley, Sir Elton John and his husband, David Furnish, are bringing legal action against Associated Newspapers Limited (ANL). They have accused the publisher of conducting […]

today07/05/2025

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