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The Latest Breaking News from Andrew Bailey

Now even the Bank of England admits greedflation is a thing

Work by Threadneedle Street’s own analysts suggest that firms are intending to keep prices high, despite falling costs

The Guardian - UK

NatWest cuts mortgage interest rates for second time in four days

It comes after Andrew Bailey yesterday signalled that the Bank of England could soon be finished raising interest rates

Evening Standard

Bank of England governor expects ‘quite marked’ fall in UK inflation

Pound falls as Andrew Bailey’s comments call into question need for further interest rate rise

The Guardian - UK

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Missouri death row inmate who claims innocence sues governor for dissolving inquiry board

A Missouri death row inmate is suing Gov. Mike Parson over the governor’s decision to dissolve a board of inquiry that was convened to investigate the man’s innocence claim

The Independent UK

St. Louis proposal would ban 'military-grade' weapons, prohibit guns for 'insurrectionists'

As the St. Louis mayor pushes legislation that would prohibit “military-grade weapons” on city streets and make it a crime for “insurrectionists” and those convicted of hate crimes to possess firearms, Missouri’s Republican attorney general is warning that such a law would violate the state constitution

The Independent UK

Pay rises should be a ‘reward for productivity’, says Rishi Sunak

Prime minister also calls for wage growth to be sustainable to help economy grow

The Guardian - UK

The Bank of England won’t stop raising interest rates until unemployment is far higher

City Comment: Andrew Bailey and Co will feel they have no other choice

Evening Standard

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Wages rising at fastest pace since records began, while unemployment unexpectedly up

The news will almost certainly encourage the Bank of England to raise interest rates even further

Evening Standard

Bank of England governor backs regulator plan to ensure ‘fairness’ for savers

The Financial Conduct Authority said it will take action if firms offering the lowest savings rates are unable to justify how they offer fair value.

The Independent UK

Sunak under pressure as Bank signals rates will stay high for months

Tory MPs call for targeted tax cuts as Labour criticises 14th interest rate hike as ‘mortgage bombshell’

The Guardian - UK

More pain in store – tough-talking Bank raises UK interest rates and a few eyebrows

Rise to 5.25% comes as no surprise but Bank of England’s language will frighten many

The Guardian - UK

Bank of England says interest rates will remain high for at least two years

Policymakers vote for quarter-point rise to 5.25%, the 14th increase in a row, as Bank rules out prospect of recession

The Guardian - UK

Sarah Breeden to be deputy governor of Bank of England

Bank will have largest ever number of women on rate-setting monetary policy committee after appointment

The Guardian - UK

Ben Bernanke to lead review into Bank of England forecasting errors

Former Fed chair appointed as Bank faces pressure to explain why economic forecasts have been so wide of mark

The Guardian - UK

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Pedestrian.tv

British Airways Served Passengers KFC After A Catering Fuck Up & I Can Smell It From Here

"We had to wing it on this occasion."

Evening Standard

BA passengers on 12-hour flight to London Heathrow served KFC from buckets in catering gaffe

Passengers reported that some people were given just one piece of fried chicken

Reason

Missouri S. Ct. Requires State AG to Certify Reproductive Rights Initiative Ballot Language

Prof. Howard Friedman (Religion Clause) reports (some punctuation revised): In State of Missouri ex rel. Dr. Anna Fitz-James v. Bailey (MO Sup. Ct., July 20, 2023), the Missouri Supreme Court affirmed a trial court's issuance of a writ of mandamus requiring the state Attorney General to approve the State Auditor's…

The Guardian - UK

Unconvinced by the Bank of England on inflation’s causes and solutions

Letters: Michael McLoughlin and Alan Whitehouse on recent attempts at control from the chancellor and the Bank of England governor

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Salon

Families fleeing anti-trans states

Draconian laws banning trans care are forcing some families to flee to more progressive states

Evening Standard

No dancing with joy just yet to the tune of decreased inflation

City Voices: Most people are yet to see the benefits of falling inflation

The Independent UK

Missouri Supreme Court weighs fate of amendment to restore abortion rights

Whether Missouri voters get a chance to weigh in on legalizing abortion is now up to state Supreme Court judges

Evening Standard

Bank of England pays staff bonuses after its own calls for wage restraint

BOE paid out £25 million in bonuses last year, according to Open Democracy

The Independent UK

As UK housing costs soar, anxiety grips homeowners and renters: 'I'm in meltdown'

For millions in the U.K., the cost-of-living crisis just never seems to ease

Tribune News Service

County prosecutor fights Missouri abortion ban’s criminal penalties in court

Jackson County Prosecutor Jean Peters Baker is seeking to strike down Missouri’s criminal penalties for abortion, adding to an already intense legal confrontation playing out in St. Louis that could result in a judge overturning the state’s near-total ban.

Reason

Federal Officials Can Keep Pressing Tech Platforms To Remove Content for Now, Court Says

Plus: GOP candidate defends “limited role of government” in parental decisions for transgender kids, some common sense about Diet Coke and cancer, and more…

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