Trade, City of London, sterling and EU markets
The Bank of England has kept interest rates at 3.75%, with policymakers unwilling to cut borrowing costs while inflation continues to hover well above the 2% target. Millions of mortgage holders and businesses are left waiting as the MPC signals it won’t be rushed.
Georgie Buxton, a Virgin engineer, has died after suffering catastrophic injuries in a “non-combustion explosion” inside a fuel tank during what was meant to be a routine inspection. Investigators are now piecing together how a standard maintenance task ended in tragedy.
UK inflation has cooled and domestic conditions are pointing toward rate cuts — but the escalating Middle East conflict is keeping the Bank of England’s hand firmly in place. Economists say geopolitical uncertainty is now the last major obstacle between British borrowers and relief.
Jackie Brown, 99, stepped into the show ring at Stranraer to lead an Ayrshire cow one final time — and left the crowd stunned. The former farmer called it beyond a dream come true.
Virgin Atlantic engineer Georgie Buxton has died after sustaining injuries while working on a jet at Heathrow Airport. The Metropolitan Police and Health and Safety Executive have both launched investigations into the circumstances of her death.
Robert Bush, a funeral director accused of lying to families about the burial of their loved ones, faces sentencing today. His victims say he has never once expressed remorse for his actions.
A new IoD survey reveals that 57% of UK business leaders want the government to prioritise its relationship with the EU. The findings pile fresh pressure on Labour as it tries to reset ties with Brussels without reopening the Brexit debate.
GDP is the UK’s economic report card, and the latest numbers suggest the economy grew by 0.7% in early 2025. But what does that actually mean for people’s lives, and will it last?
UK mortgage rates have climbed to their highest level in four weeks as Middle East tensions push up gilt yields and force lenders to reprice deals. Millions due to remortgage this year are watching the market nervously.
Pubs and hospitality venues are celebrating a 40% business rates discount worth thousands per site — but independent retailers say they’ve been deliberately left out of the package. The divide is fuelling anger on High Streets across England.
