Bank of England holds interest rates at 4.5% amid fears over stubborn inflation | Interest rates

The Bank of England has kept interest rates on hold at 4.5% amid rising global uncertainty and concerns over stubbornly high inflation. The central bank’s rate-setting monetary policy committee (MPC) voted to pause its cycle of rate cuts after three previous reductions in the past year. Financial markets had widely expected the MPC to leave … Read more

Norway’s sovereign wealth fund buys a quarter of London’s Covent Garden | Real estate

Norway’s sovereign wealth fund, the world’s biggest, has made a fresh bet on the future success of central London, as the country’s investment vehicle struck a £570m deal to buy a quarter of the capital city’s Covent Garden estate. Norges Bank Investment Management (NBIM), which manages $1.8tn (£1.4tn) and invests government money from the oil … Read more

First Thing: Dozens of civilians killed in overnight Israeli strikes as new Gaza assault deepens | US news

Good morning. Israeli strikes have killed at least 58 people overnight in Gaza, according to three hospitals, with the Associated Press reporting that airstrikes hit multiple homes in the middle of the night – killing men, women and children as they slept. Israel resumed heavy strikes across Gaza on Tuesday, shattering a ceasefire that had … Read more

Donald Trump to sign executive order aiming to shut down Department of Education – US politics live | US news

Opening summary Hello and welcome to the US politics live blog. I’m Tom Ambrose and I will be bringing you all the latest news over the next couple of hours. We start with news that president Donald Trump will sign a long-anticipated executive order on Thursday that aims to shut down the Department of Education, … Read more

Tory co-chair braces party for big losses as Kemi Badenoch launches local elections campaign – UK politics live | Politics

Conservatives prepare for local election losses as Kemi Badenoch launches campaign Good morning. For Keir Starmer, it is a military day. This morning Downing Street has released video footage and pictures of Starmer meeting the crew of a nuclear-armed submarine as it returned to Faslane in Scotland. Later this morning he is in Barrow, where … Read more

UK data recording of biological sex causing potential risks, report finds | UK news

Official UK data recording people’s biological sex and their gender identity is often unclear or conflated, a government-commissioned report has found, causing confusion and potential risks, for example in healthcare and safeguarding. The review, led by Alice Sullivan, a professor of sociology and research specialist at University College London, said guidance should be updated to … Read more