Author: LoveWorld UK

Interest rates set by the Bank of England should continue to fall as inflation is likely to settle ​around the central bank’s 2% target soon, BoE policymaker ‌Alan Taylor said on Wednesday. “We can now see inflation at target in mid-2026, rather than having to wait until 2027 as in our previous projection,” Taylor said in the text of a speech he was due ‌to give at the National University of Singapore. “I see ​this as sustainable, given cooling wage growth, and I now therefore expect monetary policy to normalise at neutral sooner rather than later….Interest rates ‍should continue on…

The U.S. president wields enormous power and Donald Trump has greatly expanded his executive authority over the past year. But there is one area where he is learning the limits of presidential power – his ability to quickly lower the cost of living. As a candidate, Trump promised bold economic fixes to tackle voters’ biggest concern – high inflation. But, in office, Trump has discovered what his predecessors learned: taming prices is much harder than rhetoric suggests. Inflation is immune to the power of the presidential bully pulpit and cannot be cowed into submission through threats. With just 10 months until pivotal…

UK CONDEMNS IRAN LEADERSHIP -Britain has requested the Iranian ambassador to underline the gravity of the situation Foreign minister Yvette Cooper today publicly condemned the Iranian leadership for what she described as the “horrendous and brutal killing” of protesters, saying Britain had summoned the Iranian ambassador to underline the gravity of the situation. Iran reportedly acknowledged about 2,000 deaths during two weeks of nationwide protests over economic hardship, as the U.S. reportedly considers new tariffs. Cooper told lawmakers Britain would bring forward legislation to implement full and further sanctions and sectoral measures against Iran. France’s foreign minister also told lawmakers…

NET ZERO COSTS UNDERREPORTED IN UK – Public bodies calculating net zero costs accused of downplaying data and omitting costs  Reaching net zero will cost Britain even more than feared, a report has found. The gross cost to the UK economy of achieving the 2050 target could exceed even the highest official predictions of £7.6tn, an Institute of Economic Affairs (IEA) paper said. The report said that previous estimates of the financial impact of net zero were based on “fantasy assumptions” of the cost of renewable energy and low-carbon technology. David Turver, the paper author, said: “The various public bodies…

UK BANS NON-CONSENSUAL AI IMAGES – New law targets deepfake abuse after X probe Britain will bring into force new legislation this week, making it a criminal offence to create non-consensual intimate images, including AI-generated deepfakes. Technology Secretary Liz Kendall confirmed the move in Parliament on Monday, as regulator Ofcom launched an investigation into Elon Musk’s social media platform X. Kendall said the law will also make it illegal for companies to supply tools designed to create such images, adding that recent steps by X to restrict access to image-generation features to paid users did not go far enough. She…

MANDELSON APOLOGIZES TO EPSTEIN’S VICTIMS –  The former U.S. ambassador was fired in September over links to Epstein Britain’s former U.S. ambassador Peter Mandelson, who was dismissed over his links to Jeffrey Epstein last year, apologized on Sunday (January 11) to the victims of the late convicted sex offender but not for his association with Epstein after his conviction. Mandelson said he would only apologize for his own ties if he had known about Epstein’s actions or been complicit. Mandelson was fired in September over emails that came to light revealing a much closer relationship than previously acknowledged. The veteran…

RAPHINHA STRIKES TWICE – As Barca edge Real Madrid in Spanish Super Cup final Raphinha scored twice as Barcelona won the Spanish Super Cup after an intense 3-2 victory over Real Madrid in Sunday’s (January 11) final in Jeddah. The match at King Abdullah Sports City Stadium turned into a thriller, with four goals packed into a breathless phase at the end of the first half. After an even opening spell, Barcelona gradually asserted control before the interval, and were rewarded in the 36th minute when Raphinha burst into the box and drilled a low shot into the far corner…

IRISH FARMERS PROTEST AGAINST EU TRADE DEAL – The Irish government argued the deal lacks safeguards Thousands of Irish farmers, many of whom travelled across the country on tractors, protested on Saturday (January 10) against the European Union’s Mercosur trade deal after a majority of EU states gave a provisional go-ahead for its largest ever free-trade accord. Opponents led by France, the EU’s largest agricultural producer, failed to convince enough fellow member states on Friday (January 9) that the deal with South American nations would flood the market with cheap food products and undercut domestic farmers. Under pressure from opposition…

EU REACHES SOUTH AMERICA TRADE DEAL – After 25 years of talks The EU has reached a free trade agreement with South American countries, 25 years after talks began and despite opposition from farmers in several European countries. The deal with the Mercosur trading bloc – which includes Brazil, Argentina, Paraguay and Uruguay – will require the approval of the European parliament within the next few months Brazil’s President Luiz Inacio Lula da Silva hailed it as a “historic day for multilateralism” after the four South American countries put the final touches to the deal in Brussels. It comes against…

AUSTRALIA’S ALBANESE RECALLS PARLIAMENT – PM plans to introduce hate speech and gun laws Australia Prime Minister Anthony Albanese said on Monday (January 12) that Parliament would be recalled early next week to pass tougher hate speech and gun laws in the wake of the Bondi attack. The mass shooting at a Jewish Hanukkah celebration at Sydney’s famed Bondi Beach on December 14 shocked a country with strict gun laws and fuelled calls for tougher controls and stronger action against antisemitism. Police say the alleged father and son perpetrators were inspired by the Islamic State militant group. The federal parliament…