Displaying items by tag: Government

The latest interest rate rise by the Bank of England means its benchmark interest rates have hit 3% for the first time since 2008. The interest rate affects mortgages, repayments on credit card debt and the interest paid on savings accounts. They have been rising since December in an effort to curb the rate at which the cost of everyday goods and services are rising. This latest rise follows economic turmoil under Liz Truss, though things have calmed slightly since Rishi Sunak took over and promised to issue a plan to repair the nation's finances later this month, but tax rises and spending cuts are expected. The Bank of England’s outlook for the UK economy is a downturn lasting for two years and the unemployment rate will nearly double.

Along with over thirty other charities, Sanctuary Foundation, which helps people welcome Ukrainian refugees into their home, has written to ask the Prime Minister for assurances the Homes for Ukraine scheme will continue to get government backing and support. There is concern the initiative is being ‘quietly phased out’. Host families are worried that ministers will not increase support to match rising costs of living. Households receive £350 a month for hosting someone from Ukraine, but there are calls for that amount to be doubled. Since March, over 96,000 Ukrainian refugees have arrived in the UK, but a BBC investigation found that in 14 months 116 unaccompanied child refugees from across the world have gone missing from UK hotels. They were temporarily housed by the government, but charities fear they risk being exploited.

The day after the Prime Minister said she was committed to the 45p income tax cut which Chancellor Kwasi Kwarteng had announced ten days earlier, he reversed the decision, saying the plans had become a ‘distraction from our overriding mission to tackle the challenges facing the country’. A few hours later former culture secretary Nadine Dorries accused the Prime Minister of ‘throwing her Chancellor under a bus’, and called for a general election. Having backed Liz Truss for Tory leadership, she now said the PM ‘must take to the country’ if she wants a new mandate, adding that there was ‘widespread dismay’ that much of the work she had done while in office was now on hold. Meanwhile, Cabinet minister Penny Mordaunt called for benefits to be increased in line with inflation - a move promised under Boris Johnson's government. Liz Truss has said her priority is ‘growth, growth, growth’ and she will challenge anyone trying to stop it.

When asked if he would allow fracking in the back garden of his home in Somerset, business secretary Jacob Rees-Mogg said, ‘Yes, of course I would, particularly if I get royalties’. Fracking has been a controversial subject within local communities and amongst MPs due to its association with minor earthquakes. In 2019, at oil and gas exploration company Cuadrilla's Lancashire fracking site, over 120 tremors were recorded. Most were too small to be felt. The government recently published a new review from the British Geological Survey, considering any changes to the science around the practice. The report concluded, ‘Forecasting the occurrence of large earthquakes remains a scientific challenge for the geoscience community.’ Mr Rees-Mogg also said that the UK would build a prototype nuclear fusion power plant - ‘the first of its kind’ - in Nottinghamshire by 2040.

The Scottish government's chief legal officer has come under fire after saying that prayer vigils outside abortion clinics could be 'far more damaging' than verbal protest. Addressing the UK's supreme court about abortion clinics in Northern Ireland, Dorothy Bain KC said she believed ‘standing in judgment’ was just as psychologically damaging for women. She wants prayer vigils to be excluded from ‘buffer zones' - areas where protesting or handing out leaflets are banned - outside abortion clinics. The Catholic Church has labelled Mrs Bain's remarks as ‘absurd and alarming’, and have condemned her comments. Everyone has the right to express and offer our opinion on religious belief, and more importantly, religious practice. The Church said, ‘To be told they can't stand silently in prayer, in this case, outside an abortion clinic or a hospital that carries out abortions is really, frankly, chilling and extremely worrying.’

Thousands of defiant protesters flooded Tehran streets on the ninth day after the suspicious death of 22-year-old Mahsa Amini while held in custody for not properly wearing the hijab headscarf. The regime cracked down with force, killing at least 41 and shutting down the web and social media for 80 million citizens, but outrage over Amini’s death has only expanded. Officials claim Mahsa died due to underlying health issues; her family says that is not true. Women defiantly burn their hijabs and headscarves and cut their hair. The USA announced it will expand Iranian internet services to support free-flowing information.The internet is needed when protesters want to organise themselves and share footage of what is happening with the outside world. Also billionaire entrepreneur Elon Musk is giving the country Starlink, a satellite constellation providing internet access to 40 countries - a true game-changer.

Scotland has been marked by the devastating impact of drug and alcohol addiction in many ways. Today, the nation is at the forefront of addiction related issues and deaths in Europe, with health, economic, and educational repercussions, and social challenges for families and communities in urban and rural environments. The widening mental health crisis, socio-economic challenges, and limited clinical support exacerbated by the coronavirus pandemic have led to the highest increase in addiction issues in over ten years. But we are a nation with hope. For decades, Christian organisations have invested tremendously in the building of in-person and online spaces for drug addiction recovery. Within the last decade, over 2,300 individuals have been directly treated and successfully recovered from their addictions through faith-based recovery programmes, with thousands more impacted in some way. The Scottish government has appointed a minister for drugs policy and increased funding to reduce addiction.

UK businesses, hospitals, schools and charities will have their energy bills cut by half their predicted level under a support package that fixes wholesale gas and electricity prices for six months from 1 October, shielding businesses from crippling costs. The scheme will be reviewed after three months and possibly extended for vulnerable businesses. Government officials have not said how much the package will cost taxpayers: Cornwall Insight estimates £25bn. Energy-intensive industries, like steel manufacturing, could close because of energy costs surging after Russia's invasion. Household bills would be limited to £2,500 annually until 2024 under a separate scheme. Business analyst Simon Jack said few businesses plan with only a six-month time horizon. There will be some whose plans to cut production, close premises and let staff go will not change in spite of this intervention. Retail and hospitality organisations see this as giving them a fighting chance over the commercially crucial Christmas trading period.

The Bank of England has raised interest rates to 2.25%, the highest level for 14 years. This will make it more expensive to borrow, which should - theoretically - encourage people to borrow less and spend less. It should also spur people to save more. However, there is also a risk that it can drag on growth, harming the economy. The bank's monetary policy committee, which sets rates, believes that the economy is already shrinking, which would officially push the UK into recession. The Bank of England has also warned that the government’s energy price freeze will push up inflation in the medium term. With energy bills rising less sharply, households will have more money to spend on other goods and services (although some people are already having to skip meals due to rising bills).

Since 2014 Russia has secretly funnelled $300 million to foreign political parties and candidates in at least 24 countries in Europe, Africa ,and elsewhere to shape political events beyond its borders. Putin wants to weaken democratic systems and promote global political forces aligned with Kremlin interests. A senior US official, speaking to reporters on the condition of anonymity to discuss intelligence findings, said the administration decided to declassify some of the review’s findings to counter Russia’s ability to sway political systems. ‘By shining this light on Russian covert political financing and attempts to undermine democratic processes, we are putting these foreign parties and candidates on notice that if they accept Russian money secretly, we can and we will expose it’, the official said. Countries identified included Albania, Montenegro, Madagascar, and Ecuador. An unnamed Asian presidential candidate received millions in cash. Russia also used shell companies, thinktanks and other means to influence political events, sometimes to the benefit of far-right groups.