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      Bank of England’s Bailey: Interest rate cuts not on the horizon

      Andrew Bailey addressing economic policies at a press conference, emphasizing financial stability amidst market challenges

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House of Commons

  • House of Lords warns ministers’ pension power grab ‘dangerous and unjustified’

    Politics

    A member of the House of Lords has described the reserve power in the Pension Schemes Bill as “dangerous and unjustified” as ministers face intense scrutiny over the detail of their overhaul of the pensions system. Speaking in the House of Lords during an urgent question session, Baroness Stedman-Scott, a Conservative member, called out the [...]

    House of Lords chamber during debate on Employment Rights Bill, highlighting Labours setback on workers rights legislation
  • If MPs can’t fix the Palace of Westminster, how will they fix Britain?

    Opinion

    The Palace of Westminster is a perfect mentonym for the state of Britain. It’s recognised and envied the world over. It’s both ceremonial and functional, ancient and modern. Like our democracy, it’s beautiful, but it’s also broken, infested with pests and at imminent risk of immolation in a ball of fire. Yet our entire political [...]

    House of Commons chamber in the Palace of Westminster, showcasing historic architecture and parliamentary seating arrangem...
  • David Lammy avoids urgent questions on jury scrapping plans

    Politics

    Justice secretary David Lammy was a no-show at urgent questions in the House of Commons on Thursday, prompting Robert Jenrick to ask about his whereabouts as the justice minister took his place. The questions stem from a leaked memo reported on Tuesday, in which Lammy proposed scrapping some jury trials to tackle the backlog of [...]

    Business professionals discussing strategies at a conference table with financial charts and laptops in a corporate meetin...
  • Nandy hauled to Commons over Kogan’s regulator appointment process

    November 12, 2025

    Lisa Nandy was hauled in front of the House of Commons on Wednesday to answer questions surrounding the process which led to the appointment of David Kogan as chair of the Independent Football Regulator. The media rights expert was given the new-found role despite donating to both the DCMS secretary of state and the Prime [...]

  • Spy case suspect was stopped with suitcase full of cash on return from China

    October 19, 2025

    A suspect in the China spy case was carrying a “suitcase full of cash” upon being stopped by police under terrorism laws after flying into Heathrow from China. Academic Christopher Berry, was discovered with £4,000 when he was intercepted at the airport in February 2023, almost six weeks before he was formally arrested on suspicion [...]

  • Former Reform MP to shut down firm after allegations dismissed

    September 1, 2025

    A former Reform UK MP is shutting down one of the companies he was alleged to have not declared a financial interest in. James McMurdock, who now sits as the independent MP for South Basildon and East Thurrock in Essex, has applied to Companies House to have Gym Live Health & Fitness Limited struck off. The move [...]

  • Deregulation drive risks repeat of financial crisis, Bank of England governor says

    July 22, 2025

    The governor of the Bank of England has distanced himself from Chancellor Rachel Reeves’ deregulation agenda, suggesting the move could cause a repeat of the 2008 financial crisis. Andrew Bailey told MPs on the Treasury Committee that the UK “cannot compromise” on financial stability after the government laid out plans to remove regulatory red tape [...]

  • Rachel Reeves at risk of becoming shortest-serving Labour Chancellor

    July 2, 2025

    Rachel Reeves is at risk of becoming the shortest-serving Labour Chancellor in history after Prime Minister Sir Keir Starmer declined to give her a public show of support. The PM was facing questions at Prime Minister’s Questions today over his handling of a welfare reform package which has been stripped of key elements to limit [...]

  • Spending Review: Reeves splashes cash across transport, healthcare and energy

    June 11, 2025

    Rachel Reeves has insisted her fiscal rules are “non-negotiable” as the Chancellor splurged on transport, tech and energy investment in her Spending Review, paving the way for further tax hikes in the autumn. Reeves said she made “the choices necessary to fix the foundations of our economy” accusing the previous government of leaving a “£22bn [...]

  • Are ministers ignoring the AI copyright crisis?

    May 26, 2025

    The UK government recently rejected a House of Lords-backed amendment to the data bill for the second time, intensifying a stand-off between policy makers and the creative industries over the role of copyright in AI development. At the centre of this dispute is a provision, introduced by Baroness Beeban Kidron, that would require AI firms [...]

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