UNITED KINGDOM

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path is down”.A Bank of England interest rate cut next month is looking more likely, according to the latest city pricing.The money markets are indicating there’s now an 85% chance that the Bank cuts interest rates at its next meeting on 7 August, up from 76% at the end of last week.Friday’s disappointing GDP figures, combined with these weak jobs figures boost the case for the Bank of England to cut interest rates in August. The central bank’s governor Andrew Bailey told The Times

In today’s newsletter: Amid at least 129 deaths and billions of dollars of damage, there has been little reckoning about the part global heating and cuts to public services may have played in the disasterGood morning. The death toll from the catastrophic floods in Texas has climbed to 129, including at least 27 children and counsellors at Camp Mystic in Kerr County.With more than 160 people still missing, authorities warn that the number of casualties is likely to rise. On Sunday morning, some search operations were cancelled as heavy rain and strong winds battered the state once again.Israel-Gaza | An

Treasurer ‘relaxed’ about error that saw advice accidentally shared with ABC but says he will not make full unredacted document publicFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTreasurer Jim Chalmers insists Labor is ambitious enough to meet its policy of building 1.2m new homes by 2030, despite his own department warning the federal government’s goals will not be met.Calling housing shortages “one of the defining challenges” facing the Australian economy, Chalmers downplayed advice from Treasury officials saying the current policy settings would not deliver the new homes and warning

Buckingham Palace to host US president during party conferences removing chance of Commons addressKing Charles has invited Donald Trump for an unprecedented second state visit in September, scheduling the trip for three days when parliament is not sitting and removing the possibility of the US president addressing parliament.Buckingham Palace announced on Monday that Trump would come to the UK from 17-19 September, soon after the House of Commons rises for its traditional break for the annual party conferences. Continue reading... Source link : https://www.theguardian.com/us-news/2025/jul/14/king-charles-schedules-trump-state-visit-for-when-uk-parliament-is-in-recess Author : Kiran Stacey Political correspondent Publish date : 2025-07-13 23:01:00 Copyright for syndicated content belongs