Forex

Cabinet ministers have pushed back against planned cuts to their departments in the upcoming budget, with several writing to Keir Starmer to contest them. Several are understood to have shared their concerns at the likelihood of deep cuts to unprotected departments such as housing and transport. The Guardian revealed earlier this month that ministers were…

Speech by Christine Lagarde, President of the ECB, at the official dinner of Banka Slovenije in Ljubljana, Slovenia Ljubljana, 16 October 2024 It is a pleasure to be here this evening. Not far from here, tucked away in the National and University Library, lie copies of the Abecedarium and the Catechism. These two texts, written…

Britain’s new national energy company will eventually become a major power generator, running its own windfarms, tidal power and carbon capture schemes and potentially borrowing its own money, according to its new chair. Jürgen Maier, the chair of Great British Energy (GBE), told the Guardian in an interview that his vision for the company far…

The GBP has been declining against the USD due to softer-than-expected UK economic data, leading to expectations of more aggressive rate cuts by the Bank of England. GBP/USD is at a crucial level of 1.3000, a break below which could lead to further downside. GBP/JPY is showing signs of a potential breakout, with price coiling…

Ministers have continued to declare free tickets to Taylor Swift, football matches and loans of clothing, according to the latest register of MPs’ interests, amid the controversy over Keir Starmer accepting hospitality. Peter Kyle, the science secretary, revealed that he accepted two free tickets to a Taylor Swift concert in August worth more than £500,…

No 10 rejects claims Treasury’s £40bn funding gap analysis means Labour misled voters at election about its tax plans At the post-PMQs lobby briefing Downing Street rejected suggestions that the latest Treasury briefing about a £40bn funding gap in spending plans (see 9.22am) meant Labour misled voters about its tax plans at the election. During…

Weight-loss injections are not the “holy grail” of solving the obesity crisis, although they will play an important role in how the NHS treats the disease, the medical director of NHS England has said. Speaking at a conference hosted by the King’s Fund on Wednesday, Prof Stephen Powis said weight loss drugs were revolutionary and…

Counter-terrorism police are investigating whether Russian spies planted an incendiary device on a plane to Britain that later caught fire at a DHL warehouse in Birmingham, the Guardian can reveal. Nobody was reported injured in the fire on 22 July at a warehouse in the suburb of Minworth that handles parcels for delivery, and the…