Author: News Desk

Andrew Bailey, Governor of the Bank of England, said inflation has fallen “faster than we expected” but still warned that more progress would be needed on services inflation.

The UK grew at a slower pace than expected in the third quarter, according to new figures, with business groups pointing to the impact of uncertainty ahead of last month’s Budget.

The chancellor delivered her first Mansion House speech on Thursday as she urged the City regulators to allow financial service providers to take greater risks, saying that the rules introduced after the 2008 financial crash had “gone too far” and were harming growth.

The speech is an annual address to the City of London by the sitting chancellor. In her first address, she attempted to reassure the City that she had a growth strategy. Much of her speech is highlighted across print media and online this morning.

The Bank of England governor Andrew Bailey also gave a speech yesterday at the event in which said the UK must improve its relationship with Europe saying the “consequences of Brexit” were damaging the economy.

Much of Scotland, Northern Ireland and northern England will have a largely cloudy day, with the risk of rain in the west. Drier and brighter for the rest of England and Wales, with sunny spells. Temperatures a little above average. TONIGHT: Cloud and patchy rain will move southwards across Scotland, Northern Ireland and into northern England. Showers following, these wintry over the hills. Clear spells further south, with a patchy frost. Source: Met Office

Today’s newspaper summary – Paper Talk UK If you are someone who reads every perspective of a story, here is a news summary of all of today’s front pages from today’s newspapers; summarised in a 2-minute read