The US president will meet with the royal family and prime minister over three days
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Prevention is always better than cure, writes Sarah Champion, so investing in ways for people to feel secure and earn a living in their home country through aid is important
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The ice cream brand have been in a long-running battle with parent company Unilever who have reportedly restricted their social activism
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Food prices rise at fastest rate since January 2024 with vegetables, milk, cheese and fish going up; Bank of England expected to keep interest rates on hold on Thursday
At 3.8%, the latest UK inflation data certainly isn’t welcome news for the Bank of England ahead of its decision on Thursday, where it’s widely expected to leave rates on hold, said James Smith, developed markets UK economist at ING.
Yet the latest data doesn’t dramatically move the needle one way or another on the prospect of a further rate cut later this year.
Inflation is more or less at a peak, though it’s likely to stay in the 3.5-4% area for the rest of this year.
However, we think there is still scope for services inflation to undershoot the Bank’s forecasts further in the next release for September. And more broadly, we are seeing a significant easing in rental growth, which is set to be a significant source of service sector disinflation over the coming months.
If we’re right about that, it would tip the balance slightly more in favour of a November rate cut, which we still narrowly expect. Certainly, we aren’t in the camp that thinks rate cuts are over. Services inflation should show more visible progress next spring, while wage growth should ease below 4% by year-end. Add in the fact that the late-November autumn Budget is likely to be dominated by tax rises, and we think there’s still a decent case for UK interest rates to fall two or three more times by next summer.
The good news is that August inflation data has corrected some of the upside surprise we saw last month. The bad news is that CPI has maybe a little further to go before hitting its peak. Indeed, food inflation continues to push higher – though survey data suggest that we may be nearing the peak on this front too. And despite better services data this morning, inflation in the largest basket remains sticky. To be sure, there are some encouraging bits of information in today’s report – and we will need to see more of this for the Bank of England to cut Bank Rate again.
This is why we continue to see a slightly longer pause when it comes to the Bank’s next rate move. For us, the MPC [monetary policy committee] may want to wait for a larger accumulation of evidence before dialling down restrictive policy again. Seeing the downtrend in CPI begin could assuage fears on the committee that the hump in inflation is not turning into a plateau.
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© Photograph: Andy Rain/EPA
© Photograph: Andy Rain/EPA
The Israeli military said the route via Salah al-Din street ‘will be open for 48 hours only’
AFP have a bit more detail on the Israeli military’s ‘temporary’ route for Palestinians to flee Gaza City (see 7.48am BST).
On Wednesday, the Israeli military said it was opening “a temporary transportation route” via Salah al-Din street. Its Arabic-language spokesperson, Avichay Adraee said the corridor would remain open for just 48 hours from midday (9am GMT) on Thursday.
What we are witnessing in Gaza is not only an unprecedented humanitarian catastrophe, but what the UN commission of inquiry has now concluded is a genocide.
States must use every available political, economic, and legal tool at their disposal to intervene. Rhetoric and half measures are not enough. This moment demands decisive action.
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© Photograph: Anadolu/Getty Images
© Photograph: Anadolu/Getty Images
Cillian Murphy has praised teachers as “custodians of the next generation” whilst discussing his upcoming film Steve, where he portrays a headteacher of a troubled boys’ college.
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‘They misheard me,’ yelled Farrell as he tried to correct his mistake
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Trump’s lawsuit comes less than a week after the New York Times said it had been threatened with legal action by the White House
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US president tells ABC editor he will complain to Australian prime minister about him
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Enzo Maresca’s side return to the site of the club’s first Champions League win but the team face a battle against their former striker
A trip to the Allianz Arena offers Chelsea fond memories of the greatest night in their history, a meeting with two what‑might‑have-beens and a swift reunion with a player desperate to prove they were wrong to let him go.
Perhaps Enzo Maresca will be feeling nervous if his team have to face Nicolas Jackson when they open their Champions League campaign against Bayern Munich on Wednesday night. There are plenty of examples of loanees coming back to haunt their parent club in the tournament and Jackson will not be short of motivation if he features against Chelsea less than a month since he left on loan.
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© Photograph: Peter Cziborra/Action Images/Reuters
© Photograph: Peter Cziborra/Action Images/Reuters
Plus: national teams with top-10 scorers in the 21st century, different kits in the same match (2) and a referee’s coin toss
Mail us with your questions and answers
“Who is the most prolific player with the initials XG?” asks Oliver Forrest. “And who has the highest goals and assists of players with the initials GA?”
There are only a handful of male* footballers with the initials XG – here is an exhaustive list. The diminutive journeyman Greek midfielder Xenofon Gittas scored 17 goals across his club career (plus three for Greece Under-21s) but cannot match the scoring exploits of Xhevdet Gela, who is our winner with 44 goals across all competitions including the Europa League with the Finnish sides MyPa and Lahti. Unusually, during a spell between 2019-2022 in which Gela was playing for Ekenäs in Finland, he was also the full-time manager of a fourth-tier side, Esbo, a club around 80km away. Gela returned to the manager’s role at Esbo in January this year, although not in a playing capacity.
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The rate remained unchanged in the year to August, in line with economist expectations
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The affected prosecco was sold in 12 states
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Leonardo DiCaprio has paid tribute to his "hero", Robert Redford, describing his death aged 89 as a "huge loss."
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