On August 3rd, the Bank of England’s base rate rose again to 5.25%. The last time it was 5.25% was in 2008. The Bank expects inflation to fall below 5% in the final quarter of 2023, while the government pledges inflation will be 5% or below by 2024. The Bank's increase influences the cost of borrowing, making mortgages more expensive, while at the same time offering greater returns on savings accounts. The theory is that raising interest rates makes it more expensive to borrow money, so people have less to spend, reducing demand and inflation. Meanwhile, rising interest rates, higher energy costs and squeezed consumer spending have weighed on retailers with Wilko homewares now on the brink of collapse, putting 12,000 jobs at risk. They have filed a notice of intention to appoint administrators after failing to find enough emergency investment. Wilko has 400 UK stores. See

Thirty people prayed for reconciliation at the border between Greece and North Macedonia, asking God to forgive the past. Their flags flew side by side, with hands and hearts united to be one. Everyone declared forgiveness for the blood shed on the land throughout history. Then they declared blessings and brotherhood on each other’s nations and governments. They moved to a North Macedonian church to meet others and worship in Macedonian and in Greek. Then the eldest pastors from both countries washed each other’s feet; flags (pride) were laid before the cross; and pastors from both nations served the Lord’s Supper. They believe the wall of hostility was broken and they are one in the body and blood of Christ, sons and daughters of God. 

A decline of Christian teachings and godly values leads to the abandonment of moral principles which hold society together. Ours is a world where an MP, who makes laws shaping our society, is suspended by his party for sexually harassing young women and boasting about taking prostitutes into Parliament. A world where the fourth largest group in parliament are MPs suspended by their parties for misdemeanours and now sitting as independents. Recently a new female MP was given a list of thirty male MPs to avoid being alone with because of their reputation for sexual harassment. There is a need for our politicians to overcome ungodly temptations. Ephesians 6:12 says, ‘For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms.’ Our politicians need our prayers and spiritual protection.

The exits of Boris Johnson, Nadine Dorries and Nigel Adams have triggered by-elections for the constituency seats which they held. Nicola Sturgeon was arrested and questioned as a suspect regarding the funding and finances of the SNP. MPs are calling for her suspension from the party. See Father, we ask in Jesus’ name for Your truth and justice to be woven through the UK’s politics and for You to raise up wise politicians. Draw them to You and cause them to know and fulfil Your purposes for the people and constituencies they serve. Please place individuals in their paths who will provide scriptural, sound and godly guidance, and help them to lead with the excellence that comes from You. May they be willing and obedient to do Your will with pure hearts and motives. Cause each of their lives to glorify Your Name. 

The Archbishop of Uganda has criticised Justin Welby’s condemnation of Uganda’s anti-homosexuality law. Most Rev Stephen Kaziimba hit out at Archbishop Justin for expressing opinions on global matters that he ‘knows little about firsthand’. Last week, Justin Welby asked the Ugandan leader to reject the new strict law forbidding the ‘promotion of homosexuality’ and introducing the death penalty for so-called ‘aggravated cases’, which include sex with a minor, incest, and having sex while HIV-positive. He said that supporting the law is a fundamental departure from the Anglican Church’s commitment to uphold the freedom and dignity of all people. Archbishop Stephen said, ‘Even if the Anti-Homosexuality Act 2023 was not signed into law, homosexuality would remain criminalised in Uganda, as it is in over a third of the world. Homosexuality was already criminalised in the colonial-era penal code.’ He concluded by reaffirming that the Ugandan Church no longer recognises Justin Welby as ‘the first among equals of the Primates’, and prayed for the Church of England to repent.

The period after summer exams is one of the happiest times to be a student, with balls and celebrations marking the end of hard work and studying. Nottingham’s strong student population had that atmosphere of peace and joy shattered as three people were killed, two of them 19-year-old students. School caretaker Ian Coates was the third victim. Grieving fellow-students say it has brought a tragic end to the academic year. 22-year-old Alice said she was too scared to leave the house after learning of the attacks, and was glad to be going home. Across the nation people watched the unfolding events on television. What emerged could have happened on any street near where we live. We can pray for God to comfort the families and friends of Ian Coates, Barnaby Webber, and Grace O'Malley-Kumar, and for peace to flow through the atmosphere of the student community and city.

The chancellor has said the UK has no alternative but to raise interest rates to tackle rising prices, and the Government would be ‘unstinting in our support’ for the Bank of England to do what it takes to slow inflation. In theory, raising interest rates makes borrowing more expensive, so consumers have less to spend and buy less which should slow the rate of rising prices. Higher rates should benefit savers - if banks pass them on to their customers. But they have been reluctant to do so to savers this time, which has given customers less of an incentive to save. Housebuilder Ian Burns said people were being very cautious and were taking longer to make decisions. ‘Over the past three or four weeks, we've seen a slowdown in reservations. We can't just continue to build houses if we don't have customers for them.’

Scientists have created synthetic human embryos using stem cells, in a groundbreaking advance that sidesteps the need for eggs or sperm. These model embryos resemble those in the earliest stages of human development. They could provide a window on the genetic disorders and biological causes of recurrent miscarriage. However, the work also raises serious ethical and legal issues as the lab-grown entities fall outside current legislation in the UK and most other countries. The structure’s heart does not beat and it has no brain, but it does include cells that would go on to form the placenta, yolk sac and the embryo itself. Prof Magdalena Żernicka-Goetz, of the University of Cambridge and the California Institute of Technology, described the work as creating human embryo-like models by the reprogramming of embryonic stem cells. There is no immediate prospect of the synthetic embryos being used clinically. It would be illegal to implant them into a patient’s womb.