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UK News
Emergency services retrieved the body of a 14-year-old boy from the River Thames near Donnington Bridge, Oxford, on Wednesday. His death, treated as ‘unexplained but not suspicious’ by Thames Valley Police, marks the 11th water-related fatality during the UK’s recent heatwave.
Radley, the UK handbag retailer, is set to close multiple stores after being acquired from administration by Gordon Brothers, owner of Poundland. The buyout excludes retail operations, leading to significant job losses. All 21 UK locations, including flagship stores in London and Glasgow, will cease trading by September.
Manchester Airport’s Terminal 2 is in lockdown following a police incident, resulting in significant traffic delays as access points are closed. Passengers have abandoned vehicles to walk to the terminal. Despite the disruptions, flight operations remain unaffected, though some services face delays.
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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.
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