Rachel Reeves received a boost with the Bank of England cutting interest rates to aid economic growth, benefiting businesses and mortgage holders. However, growth expectations were halved due to increased NHS spending in her Budget, leading to projections of rising inflation. Despite calls for her to do more for struggling businesses, Downing Street reiterated support for Reeves to remain Chancellor for the entirety of the Parliament.
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New US ambassador Peter Mandelson’s foul-mouthed rant when pushed about Epstein friendship
Britain’s new ambassador to Washington, Peter Mandelson, has faced criticism and pressure over his friendship with paedophile Jeffrey Epstein. In an interview with the Financial Times, Mandelson expressed regret for meeting Epstein and dismissed questions about their relationship with a foul-mouthed rant, accusing others of being obsessed with the issue. Despite the controversy, Mandelson has taken up his role as ambassador, navigating diplomatic challenges amid scrutiny of his past associations. Full Article
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