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The Bank of England has made "serious mistakes" in the fight against inflation and is facing a prolonged bout of painful price rises unless it acts immediately, its former Governor Lord King has warned. Officials at Threadneedle Street fuelled a surge in prices with a money printing spree during the Covid pandemic, the crossbench peer said. The idea that the current interest rate of 1pc, very low by historical standards, will have any significant impact when inflation is running at 7pc is "really very strange", he added. Andrew Bailey, the current Governor, is under growing political pressure for failing to prevent the crisis, and is now being scrutinised for his decision to allow staff to attend the office for just one day a week. The Bank’s long-term target is for just half the working week to be spent in the office , The Daily Mail reported. The revelation follows claims by Mr Bailey to MPs this week that he feels “helpless” to combat soaring inflation fuelled by the … [Read more...] about Bank of England has made ‘serious mistakes’, former Governor says

By Connor Gillies Published 4 hours ago Share close Share page Copy link About sharing Record numbers of parents cannot afford to buy school uniforms as the cost of living crisis deepens, according to one charity. Demand for the 'Back to School Bank' in East Renfrewshire has almost tripled since 2018. And this summer has been the busiest period since it was established. The community group provides brand new uniforms, shoes and stationary for children whose parents are in financial difficulty. School uniform costs: 'It amazes me how much I spend' Are school uniforms too expensive for some families? Families across Scotland on low incomes are eligible to receive a Scottish government grant of £120 for a primary aged child or £150 for a young person in secondary school. Sandra Douglas, the founder of Back to School Bank, told BBC Scotland a growing number … [Read more...] about Record numbers can’t afford school uniforms, charity warns

Rip Off Britain: Lawyer Gary Rycroft gives tips on parking tickets This article contains affiliate links, we may receive a commission on any sales we generate from it. Learn more SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The motorist, however, claimed that his disabled card was visible in the parking attendant's picture. Steven Leeder, 62, suffers from back pain after spinal surgery and has hit out at Arena Retail Park in Coventry. Related articles Simple car trick can help drivers slash fuel consumption with 20p coin Drivers face £5,000 fines and penalty points for wearing clothes He told CoventryLive : "I opened it up and thought 'what the hell is this?' "Then, I read it and it said 'Parking in a … [Read more...] about Furious driver fined £100 for ‘not showing blue badge’ despite it being visible

Brits will leave behind an online trail of 9,828 photos, 10,811 social media posts and 126 email addresses across their lifetime. A study of 2,000 adults found more than a third (36%) of our lives are now shared online, which will be viewable - even when we're no longer here. Adults share an average of 276 posts on Instagram, 170 on Facebook and 141 tweets annually - amounting to 17,369, 10,680 and 8,911 collectively, over the average lifetime. Similarly, adults have two active email addresses for both personal, and work use, and will have signed up to over 500 mailing lists. When quizzed on the safety aspect of this, 47% do worry about the risks of putting so much of their life online - despite 29% failing to be "savvy" when it comes to protecting themselves. A spokesperson for Aloha Browser, which commissioned the study, said: "We all put so much of our lives online nowadays because it’s considered "the norm". “But we are not giving our online privacy the attention it … [Read more...] about Brits will leave a massive online trail behind them within their lifetime

Dowden asked about what Boris Johnson should do next SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The outgoing Prime Minister was scheduled to meet in Warsaw yesterday, August 8, but Mr Morawiecki's office told Downing Street he no longer had time to meet. The visit was part of several calendar in-person and by-phone appointments set by Number 10 for Mr Johnson's final weeks in power. Related articles UK meringue company ends all exports to EU over Brexit 'disaster' GB News guests lock horns over Commons partygate probe into Boris After weeks of deliberations, the Warsaw visit was finally set for this week only to be cancelled with no further notice by the Polish leader. Mr Morawiecki's office told Mr … [Read more...] about ‘No time for you!’ Boris Johnson snubbed by EU state Poland with official visit CANCELLED

Good evening. With green spaces turning brown in exceptionally dry weather (such as Blackheath, below), another hosepipe ban is coming. Yet thoughts are turning to winter with dire new energy price fears. Evening briefing: Today's essential headlines Hosepipe bans | Another day, another extreme weather alert. As the Met Office issued a four-day amber warning for heatwave conditions in parts of England and Wales, Thames Water announced it is planning to introduce a hosepipe ban "in the coming weeks" in the face of the long-term forecast. Check on the details of restrictions in your area . The UK is not alone in experiencing water shortages. Our correspondents based around Europe report on the "most serious" drought on record . Ukraine | Explosions heard near Russian military airfield in Crimea Ryan Giggs trial | Ex-footballer had eight 'full-on' affairs, court hears Paul O'Grady | Star quits BBC Radio 2 after being forced to share slot New … [Read more...] about Tuesday evening news briefing: Dire new energy forecast

An NHS worker has said she feels "really lucky" after winning a £1m lottery jackpot just before getting the all-clear from her breast cancer treatment. Maxine Lloyd said she was keeping an eye on her fiance, Wayne Tilbury, who had recently collapsed with a chest infection, at 1.30am when she decided to "have a flutter" on the National Lottery's £30m Mega Cash Showdown Instant Win game. The 50-year-old thought a phone notification she received during her first batch of radiography treatment was a message from her partner - but it was actually a message from her bank to say the winnings had been transferred into her account. In the space of two weeks, Mr Tilbury, a 57-year-old builder, was taken to A&E with the chest infection, Ms Lloyd rang the bell to mark the successful ending of her cancer treatment, and the couple won £1m. "I feel really lucky," Ms Lloyd said. Advertisement "I'm here, I'm alive, and we've just had a bit of a cherry on the top … [Read more...] about NHS worker wins £1m lottery jackpot just before getting all-clear from cancer

Families across the UK are facing a “devastating” winter of bill hikes - with energy bills set to skyrocket again, interest rates and inflation continuing to rise and warnings of a recession . Leading energy analysts are predicting the Ofgem price cap could hit a massive £3,359 in October - up £1,388 from the April price cap level of £1,971. The price cap is then expected to rise further still in January, with Cornwall Analysts suggesting it could reach £3,616. On top of this, the Bank of England has just raised interest rates from 1.25% to 1.75% - adding hundreds of pounds to homeowners with a variable rate or tracker mortgage, and pushing up the cost of borrowing. It comes as inflation continues to spiral out of control. Inflation is currently at a 40-year high of 9.4% and is expected to keep rising. Are you worried about rising bills this winter? Let us know: [email protected] Cost of Living Our Cost of Living team of experts are here … [Read more...] about Everything you can do NOW to prepare for ‘devastating’ winter bill shock

Published 20 hours ago Share close Share page Copy link About sharing When the Taliban took power in Afghanistan last August, the lives of many residents were transformed. Over the past year, tens of thousands of Afghans have been evacuated out of the country, most girls' secondary schools have been ordered to close and poverty is rising. But for the first time in more than four decades the country is also no longer engulfed in violence, while previously rampant corruption has been significantly reduced. BBC correspondent Secunder Kermani was in Afghanistan during the takeover, and has been back to catch up with those he met last year. The Taliban sniper getting used to a new life As the Taliban advanced across Afghanistan last summer, capturing territory from the Afghan government as foreign forces prepared to withdraw, we met Ainudeen, a hardened Taliban fighter, in the northern district of … [Read more...] about Afghanistan: The Taliban sniper now working behind a desk

You’ve heard people on the Left say that the biggest problem in the criminal justice system in America is mass incarceration. That we have sentences that are too long. That we have sentences that are disparate. That too many people are in jail. That the police are cracking down on black and brown Americans and throwing them in jail for no reason at all, devastating inner cities. In 2020, members of both political parties gravitated toward a catch phrase encapsulating many of these ideas: Criminal justice reform. As Politico noted in April of that year, “Criminal justice reform is finally having a moment in US politics. Until recent years, candidates usually competed to look tough on crime and paint their opponents as soft. But 2020 is different.” 2020 was the year of Black Lives Matter. It was the year of Defund The Police. It was the year of ending the supposed school-to-prison pipeline. It was the year of George Floyd and Ava Duverney and Kamala Harris. It was also … [Read more...] about SHAPIRO: Debunking The Myth Of ‘Criminal Justice Reform’ | The Daily Wire