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The Latest Breaking News from Andrew Bailey

Bank of England chief economist cautions over global economic ‘disturbances’

Huw Pill said the outlook for interest rate cuts depended on there being ‘no big new disturbances to the economy’.

Evening Standard

Missouri Attorney General Andrew Bailey Considered For US Attorney General

Missouri AG Andrew Bailey considered for US attorney general by President-elect Trump. Other candidates include Ken Paxton, Matt Whitaker, Sen. Mike Lee, J...

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Bank Of England Cuts Interest Rate As Inflation Slows

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers.

International Business Times

Why has the Bank of England cut the interest rate and what does it mean for mortgages and inflation?

A lowering of the base rate to 5% suggests mortgage costs have peaked and inflation is coming under control

Evening Standard

Bank of England cuts interest rates as borrowing costs to fall ‘gradually’

The Bank’s Monetary Policy Committee announced that rates were being reduced from 5% to 4.75% on Thursday.

The Independent UK

Bank of England cuts interest rates by 0.25 points to 4.75%

Borrowing costs reduced for second time this year with Fed expected to cut US rates later on Thursday

The Guardian - UK

America’s fight with inflation has been won – just in time for a bigger battle

The Fed is likely to cut base rates this month – but its decision will come the day after an explosive US election

The Guardian - UK

Missouri AG Investigates Google, Claims Tech Giant 'Manipulating Search Results' Ahead of Elections

The tech company denied wrongdoing, claiming Google Search is "nonpartisan" and accusations are "totally false."

Latin Times

Missouri Republican says he is investigating Google for ‘censoring conservative speech’

State attorney general alleges without providing evidence that Google is manipulating search results, as tech firm says claim ‘totally false’

The Guardian - UK

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Evening Standard

Budget 2024: Homeowners 'to be hit with high mortgage bills for longer' as Rachel Reeves borrows billions

The Chancellor is also set to announce a string of tax rises in the Budget on October 30

The Independent UK

Government borrowing costs rise ahead of Reeves’ first Budget

Speculation that Rachel Reeves will change the way debt is assessed triggered a market reaction.

Latin Times

Missouri Seeks to Block Access to Abortion Pill Because It's Stopping Teens from Getting Pregnant

Fewer teenage pregnancies means a population loss for the states, as well as "diminishment of political representation and loss of federal funds."

The Guardian - UK

UK’s borrowing costs rise on news that Reeves is changing fiscal rules

Yield, or interest rate, on British government bonds climbs on Thursday amid a fall for other countries

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The Independent UK

America’s longest-held wrongly jailed woman is finally free

If follows a bizarre lengthy legal battle for Sandra Hemme

The Guardian - UK

IMF warns markets are underestimating geopolitical risks; UK faces a ‘narrow path’ on debt reduction – as it happened

IMF predicts UK will grow by 1.1% this year, making it the joint third-fastest G7 country, but debt consolidation will be a challenge

Top News

Missouri Halloween Law Struck Down By Judge

Missouri law requiring Halloween signs for sexual offenders ruled unconstitutional, raising debate on child safety and constitutional rights.

The Independent UK

In Missouri, Halloween night signs were required in the yards of sex offenders. Until now

Many states have laws designed to keep children away from convicted sexual offenders on Halloween night, such as curfews for those on offender registries and requirements to keep their porch lights off

The Guardian - UK

Pay growth in Great Britain falls below 5%, making interest rate cut more likely

Gap between wages and inflation narrows in August, as UK unemployment rate dips to 4%

The Guardian - UK

Bank of England chief economist urges caution over interest rate cuts

Huw Pill’s comments come a day after governor Andrew Bailey raised prospect of ‘more aggressive’ cuts

The Guardian - UK

The Guardian view on Andrew Bailey’s aggression: whatever traders think is true becomes fact

Editorial: Balance of payments, interest rates, unemployment and inflation determine short-term currency prices, but they are dwarfed by foreign exchange speculation

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