
CITY bosses kept the squeeze on the British economy by voting to keep interest rates at 5 per cent today.
The Bank of England’s key monetary policy committee (MPC) decided by eight votes to one against a rate cut, keeping the cost of borrowing high.
This was in spite of an earlier announcement that inflation remains stable at just 2.2 per cent, only slightly above the Bank’s mandated target of 2 per cent.

Corbyn and Sultana commit to launching new socialist party

If Labour MPs who rebelled over the welfare reforms expected to be listened to, they shouldn’t have underestimated the vindictiveness of the Starmer regime. But a new left party that might rehome them is yet to be established, writes ANDREW MURRAY

Starmer doubles down on witch hunt by suspending the whip from Diane Abbott