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A mostly cloudy day, with a risk of drizzle and snow grains in the south where cloud is thick enough. Some brighter spells possible in in the north and west, although patchy rain in the far west later. Chilly. Tonight: Cloudy for most with patchy rain across western Scotland and Northern Ireland easing by dawn. Turning chilly with some mist and fog, especially under any clear spells.

Sunday’s news briefing 

The long-awaited ceasefire in Gaza has come into force after a delay of nearly three hours, and thousands of Gazans are beginning to return home. The first three Israeli female hostages are expected to be freed later – Hamas has named them as 31-year-old Doron Steinbrecher, dual British-Israeli Emily Damari, 28, and 24-year-old Romi Gonen.

Several thousand Pro-Palestinian supporters have taken part in a demonstration in central London. The rally – the latest UK protest organised by the Palestine Solidarity Campaign (PSC) since the war in Gaza began in 2023 – comes as Israel and Hamas agreed to a ceasefire and hostage release deal.

TikTok has gone offline in the US, hours before a new law banning the platform was due to come into effect. A message appearing on the app for US users said a law banning TikTok had been enacted, meaning “you can’t use TikTok for now”.

January 19, 2025 11:37 am

‘Student Tax’ to hit graduates on minimum wage by April

Thousands of graduates will find themselves stranded in their home town, unable to root out professional opportunities, when April’s hike in the minimum wage drags them into the threshold of student loan repayments, a top financial services firm has warned.

The government announced an above inflation rise in the National Living Wage of 5.6 per cent as part of October’s Budget, prompting warnings of price rises and hiring freezes from business lobby groups.

But according to Blick Rothenberg recent graduates will bear much of the brunt, with those earning as little as £12.21 per hour in a full-time job sucked into to student loan repayments.

A full-time employee on the National Living Wage is set to earn roughly £26,660 when April’s uplift is introduced, meaning they will surpass the £25,000 threshold at which student loan repayments kick in.

https://www.cityam.com/student-tax-to-hit-graduates-on-minimum-wage-by-april/

Arsenal are now rivalling Barcelona as the richest women’s football team in world football, according to new analysis by Deloitte.

FT.com Tweet

EU should welcome Chinese car factories, says Mercedes chief

CITY AM Tweet
January 19, 2025 11:39 am

UK economy: Interest rate cut a ‘certainty’ in February after weak data

A February interest rate cut is a “certainty” after new data suggests that inflationary pressures are weaker than previously thought, but the path beyond remains unclear.

Economists expect the Bank of England to back a third rate cut next month after two important pieces of economic data were published this week.

Figures out on Wednesday showed that the headline rate of inflation fell to 2.5 per cent in December, down from 2.6 per cent previously and below expectations.

Rate-setters will likely have been paying particular attention to services inflation, which is a good gauge of domestic price pressures.

https://www.cityam.com/uk-economy-interest-rate-cut-a-certainty-in-february-after-weak-data/

January 19, 2025 11:37 am

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Very sad to hear that Wendy Williams has been diagnosed with Frontotemporal dementia, the same condition Bruce Willis suffers from. Appeared on her show many times over the years and she’s a fabulous character & superb broadcaster. Wish her and her family all the best.
Tom
Palestinians are human beings who deserve to live in freedom and joy. That is why hundreds of thousands of us have exercised our right to protest. We will be here as long as it takes until there is an immediate ceasefire, an end to the occupation, and a just & lasting peace.
Jeremy IT Consultant
Keir Starmer and his allies, clutching a can of petrol in one hand and a box of matches in the other, tutting loudly at the flames. Starmer has no effin clue
MoSocialist
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