The Met Office has issued yellow weather warnings for ice and snow across the UK, with northeast Scotland, northwest Scotland, northwest England, and parts of Northern Ireland expected to be most affected on Thursday. A three day yellow snow warning will follow, impacting England, southern Scotland, and Wales from Saturday to Monday, with potential travel delays and power cuts in the Midlands, Wales, and northern England. Flooding in Manchester on New Years Day prompted a major incident declaration by Greater Manchester Police.
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Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Rachel Reeves faced setbacks in her efforts to boost economic growth as the Bank of England downplayed the possibility of a significant interest rate cut, opting for a more cautious approach. Chief economist Huw Pill's comments came after the bank halved its growth forecast and warned of higher inflation and increased unemployment due to rising taxes and minimum wage. Reeves' future as chancellor is in question, with the Bank highlighting unexpected pay growth as a...
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