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Pound falls to 14-month low as bond sell-off piles pressure on Rachel Reeves
The pound has fallen to a 14-month low against the US dollar as the sell-off in the bond market fuelled investors’ anxiety over UK assets and piled further pressure on the chancellor, Rachel Reeves.
As the bond sell-off gathered steam, sterling lost a cent against the US dollar, extending recent …
Half of England’s county councils due to hold elections could ask for delay – reports
Thursday briefing: What’s behind the growing danger and destruction of California’s wildfires
Good morning. Since Tuesday morning, a series of devastating wildfires have spread rapidly through the Los Angeles area in California. Amid winds of up to 100mph and in very dry weather, the blazes have spread rapidly in neighbourhoods from the Pacific Palisades to the Hollywood Hills.
At least five …
Rachel Reeves heads to China to build bridges, but a new golden era of relations is impossible
Rachel Reeves will fly with a delegation of City grandees to China this week as Labour seeks closer economic links with Beijing as part of its quest for growth.
after a run of soft economic data, the chancellor is sorely …Wales trails behind most European countries in arts and sports funding, report finds
But a report has concluded that despite its proud heritage, Wales is languishing behind almost all other European countries in terms of spending on recreational, sporting and cultural services.
…Permanent job vacancies in UK shrink at fastest pace for four years
Vacancies for permanent jobs in the UK declined at their fastest pace for four years last month, according to a new survey that adds to the gloomy economic mood.
and weak economic data, the monthly jobs report from the consultancy KPMG and the recruitment …Civil service morale worsened despite improving pay levels, survey finds
Morale and churn in the UK civil service worsened despite average pay almost bouncing back to real-terms levels last seen in 2010, an annual survey has found.
The Whitehall Monitor report, by the Institute for Government (IfG) thinktank, found that average civil service pay rose for the 2023-24 financial year, …
New Caledonia Congress elects pro-France president after political crisis
Post-cold war peace ‘well and truly over’, warns David Lammy
The post-cold war era is “well and truly over” and keeping the British people safe means standing up to Russia, the UK foreign secretary, David Lammy, has warned.
Writing in the Guardian before a meeting likely to be focused on Ukraine between the UK prime minister, Keir Starmer, and the …
Tories’ Pavlovian response to Elon Musk’s tweets leads to shameless PMQs
Last weekend the Daily Mail ran a front-page story about the imminent demise of Keir Starmer. A few days on and it’s increasingly looking like Kemi Badenoch whose job may be on the line. Just take a look at the faces of her backbench MPs at prime minister’s questions. Faces …