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Bank of England
Business

Bank of England set to raise interest rates for first time since 2023

The Bank of England is expected to raise interest rates to 4 per cent on Thursday as the Iran war drives up energy costs, but it may signal that markets are wrong to bet on several more increases next year.

King Charles
UK

King Charles to address slavery with ‘sincere sorrow’ at Commonwealth summit

Buckingham Palace says the King will address Britain’s role in the transatlantic slave trade in his speech to Commonwealth leaders on Tuesday, as the prime minister says he is open to a formal apology but rejects calls for reparations.

Shabana Mahmood
UK

Mahmood expected to soften settlement plans for care workers after cabinet pressure

The home secretary is expected to keep a 10-year wait for most migrants seeking permanent settlement, but exempt social care workers already in the UK after opposition from cabinet colleagues.

Jio
Business

Tearful Mukesh Ambani watches Jio debut make Reliance India’s most valuable group

Shares in Reliance Jio Platforms jumped 27 per cent on their first day of trading in Mumbai, valuing the telecom and digital firm at around $137 billion (£102 billion) and lifting the Reliance group past Tata as India’s most valuable business empire.

John Healey
Business

Healey to deliver cautious budget with help on energy bills but little room to spend

The chancellor is expected to use a windfall tax on banks to help households with energy bills, while delaying decisions on defence spending, as rising inflation and borrowing costs leave him little room to manoeuvre.

henry-nowak-murder
UK

Independent review ordered into murder of student Henry Nowak by British Sikh man

Home secretary Shabana Mahmood has ordered an independent review into the killing of 18-year-old Henry Nowak by British Sikh Vickrum Digwa, after footage showed police handcuffing the dying student and doubting he had been stabbed.

King Charles
UK

King Charles faces reparations demands as he heads to Commonwealth summit in Antigua

The King begins a nine-day visit to the Bahamas, Guyana and Antigua and Barbuda, where Caribbean leaders and the Commonwealth’s secretary-general are pressing him to go further in addressing Britain’s role in the transatlantic slave trade.

John Healey
Business

John Healey set to deliver cautious first budget as bond markets loom large

The chancellor is expected to prioritise stability over the ambitious spending Andy Burnham promised, with help for households on energy bills and a higher bank levy likely, but big decisions pushed back to next year.

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