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      Bank of England’s Lombardelli warns youth unemployment crisis could leave ‘lasting scars’

      Bank of England officials Sarah Breeden and Andrew Bailey at a press conference with Bank of England on the blue backdrop.

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  • Toyota Land Cruiser 2026: Old-school 4×4 ready for anything

    September 29, 2026

    “If you want to travel into the outback, take a Land Rover. If you want to come back again, take a Land Cruiser.” It’s a well-known gag in Australia and other more rugged parts of the planet (where the word ‘outback’ could be substituted for desert, mountains or any kind of wilderness). After more than [...]

  • XPeng G6: Five Things I Like About It

    September 28, 2026

    As London’s key decision-makers handle the transition to net-zero, the capital’s fleet managers and executive drivers are navigating the journey to zero-emissions motoring, writes Tim Barnes-Clay. Even though electric vehicles (EVs) haven’t been around for long, the market already feels overwhelmingly crowded. That’s especially true after the recent avalanche of Chinese brands entering the UK, [...]

  • Financing for Crystal Palace stand construction not completely secured

    September 28, 2026

    Financing for Crystal Palace’s new major stand redevelopment has not been completely secured, the club’s chairman Steve Parish has revealed. The Premier League club is looking to expand its Selhurst Park home to 34,000 seats, up from 25,400, with an all-glass-fronted main stand. The club paid millions to purchase a number of local residential properties [...]

  • Healey: We don’t have as much money as we did under New Labour

    September 28, 2026

    Chancellor John Healey has warned Labour members that the government does not have available funds to spend more on public services.  In his address to party activists, Healey said Tony Blair’s government in the late 1990s and early 2000s had more flexibility with public finances given higher growth rates and lower amounts of debt.  The [...]

  • ‘Uncharted territory’: UK economy facing shocks as diesel and borrowing costs surge

    September 28, 2026

    The UK economy entered “uncharted territory” on Monday battling an assortment of financial pressures as fears intensified ahead of the next Budget.  Diesel costs surged to a record high of 199.18p per litre marking the latest energy shock on the UK economy. Stations were registered as charging 199.18p per litre, according to the RAC. The [...]

  • The Monetary Policy Committee has changed its mindset. What’s next for interest rates?

    September 28, 2026

    Investec Chief Economist Philip Shaw explains why an interest rate rise now looks more likely – and when these changes are expected. The Bank of England’s Monetary Policy Committee voted 6-3 to keep the Bank rate at 3.75% earlier this month, with the three dissenters backing a quarter-point increase. This was exactly the same voting [...]

  • Bank of England’s Ramsden says interest rates will need to rise if pressures persist

    September 28, 2026

    Interest rates may need to rise if growing inflation pressures continue to build, according to the Bank of England’s deputy governor, who added there had been “robust discussion” among officials over the authority’s recent bond sale overhaul. Dave Ramsden, who leads the organisation’s oversight of markets and banking, said there would have been “at least [...]

  • Aldi says rival supermarkets pushing up prices as shoppers feel pinch

    September 28, 2026

    The boss of discount grocer Aldi has accused its rivals of driving growth by raising food prices, as the supermarket committed to fending off “persistent” price inflation. Giles Hurley, chief executive of the UK’s fourth-biggest supermarket, hit out at the grocer’s competitors, insisting that Aldi is the only operator whose prices have fallen year-on-year.  He [...]

  • Aldi to invest £900m in new stores after record turnover

    September 28, 2026

    Aldi is set to spend £900m opening new stores next year, as the discount grocer warned the Iran war and droughts were pushing up the “pressures” facing households.  The UK’s fourth-biggest supermarket said it is seeing record sales growth because of its “relentless focus” on low prices, amid fears that the cost of food could [...]

  • Andrew Bailey sends warning as officials say interest rate hikes ‘increasingly likely’

    September 25, 2026

    Bank of England governor Andrew Bailey has said that it will become “harder” to leave interest rates on hold if energy prices remain higher for longer. At an event in Oxford on Friday, the Bank of England chief indicated that interest rates would have to be raised from 3.75 per cent if oil and gas [...]

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