IFS tells Reeves she will have to raise further £9bn for public services
The Guardian|November 01, 2024
The IFS has warned that Labour will need to find an extra £9bn to fund public services, after Chancellor Rachel Reeves's recent budget.

gave an interview to the financial news service Bloomberg, insisting to investors that Labour's "number one commitment" was to economic and fiscal stability. "We have now put our public finances on a stable and a solid trajectory," she said.

Jeremy Hunt, Reeves's opposition counterpart, said the market reaction showed Britain was "already paying a price" for Labour's extra borrowing. "[This will mean] more expensive mortgages and higher debt interest payments for taxpayers. If you preach stability you should practise it."

Much of the impact for households and businesses will depend on whether the financial market reaction is sustained. Should the rise in borrowing costs persist, forcing the Bank of England to keep rates higher for longer, high street lenders that use money market rates to price their loans could push up the cost of mortgages.

The Bank is expected to cut headline interest rates from 5% to 4.75% when its policymakers meet next Thursday. However, City investors said it could stop short of reducing its base rate to below 4% by the end of next year, a higher level than previously anticipated, in light of Reeves's budget.

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Orders will restrict travel
The Guardian

Orders will restrict travel

The warrants relate to the Hamas attack on Israel on 7 October 2023 and the Israeli military response in Gaza.

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2 minutos  |
November 22, 2024
'I cannot leave now' Guardiola says City's slump sparked new two-year contract
The Guardian

'I cannot leave now' Guardiola says City's slump sparked new two-year contract

Pep Guardiola has signed a new two-year contract with Manchester City that will extend his tenure as the manager to 2027, with the Catalan stating the champions' current bad form stopped him leaving in the upcoming summer.

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2 minutos  |
November 22, 2024
The Guardian

Furious drivers hit out at F1 leadership over radio silence

Formula One drivers are fed up and losing confidence in the FIA and the governing body's president, Mohammed Ben Sulayem, after receiving no response to their collective criticism of both in a public statement.

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2 minutos  |
November 22, 2024
The Guardian

Broja closing in on long-awaited Everton debut

Sean Dyche believes Armando Broja is close to his Everton debut, with the club hoping to fast-track the on-loan Chelsea forward's return.

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1 min  |
November 22, 2024
Vinicius calls for help in ongoing fight against racism
The Guardian

Vinicius calls for help in ongoing fight against racism

The Real Madrid forward Vinicius Junior has spoken about his fight against racism, describing it as an ongoing battle that he is happy to take on, but warning that he alone \"can't fight all that Black people have been suffering\".

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1 min  |
November 22, 2024
Premier League vote hangs in balance as City tensions rise
The Guardian

Premier League vote hangs in balance as City tensions rise

Premier League clubs and officials were scrambling yesterday to secure support before a totemic vote on the competition's rulebook.

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2 minutos  |
November 22, 2024
Maresca unsure of James return date after new hamstring injury
The Guardian

Maresca unsure of James return date after new hamstring injury

Reece James has sustained another hamstring injury and will miss Chelsea's Premier League visit to Leicester tomorrow, with his manager, Enzo Maresca, unsure about the time frame on the recovery.

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1 min  |
November 22, 2024
Shaw has last laugh after double earns spot in final eight
The Guardian

Shaw has last laugh after double earns spot in final eight

Long has the Women's Champions League craved the sight of a jam-packed, vociferous, all-standing section of home supporters roaring their team on from behind the home goal.

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3 minutos  |
November 22, 2024
Hurtig's late strike knocks Out Juventus as Arsenal progress
The Guardian

Hurtig's late strike knocks Out Juventus as Arsenal progress

Lina Hurtig's late poke-in ensured Arsenal secured a spot in the Champions League knockout stage with two group games remaining, a 1-0 win over Juventus enough to put them clear at the expense ofthe Italian club.

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2 minutos  |
November 22, 2024
'It's sad to see the state the RFU is in'
The Guardian

'It's sad to see the state the RFU is in'

Former union chief executive Francis Baron urges game to 'wake up' to financial state amid potential record losses

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4 minutos  |
November 22, 2024