During a debate in the Commons, Conservative MP Mel Stride criticized Labour’s Rachel Reeves, suggesting she should be sacked by Keir Starmer and quoting Shakespeare to emphasize his point. Despite mounting economic challenges, Downing Street confirmed Reeves would remain as chancellor until the next election, after Prime Minister Boris Johnson failed to do so during a press conference. As Stride painted a dramatic picture of the situation, referring to it as a “Shakespearean tragedy,” Labour frontbenchers, including Reeves and Angela Rayner, laughed at his remarks, prompting Reeves to dismiss Stride’s lack of seriousness and policy proposals.
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Interest rates fall even further – what does that mean for you?
The Bank of England has reduced interest rates for the fifth consecutive time, bringing the base rate down to 4% as the economy shows signs of health. This cut will lower mortgage repayments for some borrowers but may lead to decreased savings rates, with the next rate review scheduled for September 18. Want More Context? 🔎
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