UNITED KINGDOM

Ehud Olmert says plan would be ethnic cleansing, and anger at Israel over Gaza war is not all down to antisemitism. Plus, why are numbers of first-time US homebuyers at a generational low?Good morning.The “humanitarian city” Israel’s defence minister has proposed building on the ruins of Rafah would be a concentration camp, and forcing Palestinians inside would be ethnic cleansing, Israel’s former prime minister Ehud Olmert has told the Guardian.What did Olmert say about the rise of anti-Israel sentiment? “In the United States there is more and more and more expanding expressions of hatred to Israel. We make a discount

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