Prime minister will be in Derbyshire and certain to be questioned over cost of Waspi compensation
A bit of economic news with political implications from my colleague Richard Partington, who writes that the governor of the Bank of England has said interest rate cuts will be “in play” at forthcoming policy meetings amid progress in sharply reducing the UK’s headline rate of inflation over the past year.
The central bank kept interest rates on hold at 5.25% on Thursday for a fifth consecutive time. However, its rate-setting monetary policy committee said there were “encouraging signs” of falling inflation that could open the door for interest rate cuts in future.
It is becoming ever clearer that the ambitions of Sir Keir Starmer are not just the return of new Labour, he is now an active fanboy for new Thatcherism.
Not for the first time, Labour’s leadership has abandoned progressive politics in the pursuit of power. It is therefore up to us – the SNP, Plaid Cymru and others to offer an alternative.
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