The Bank of England’s chief economist Huw Pill has today warned that inflation is now at a higher risk of remaining persistent. The Bank of England growing increasingly cautious on another rate cut…
In yesterday’s monetary policy briefing the BoE said inflationary risks are up since May. Pill said in a briefing just now that “there is some shift in the balance of risks on inflation… At the margin, there has been an upward shift in inflation risks for 2-3 years’ time. There is a risk of spillover into more persistent inflation.” Unemployment is acting as an “offsetting factor”…
The BoE has said that inflation is set to peak at 4% at September after rising to 3.5% in the second quarter of the year. Andrew Bailey yesterday said domestic effects such as vehicle excise duty and additional taxes were pushing up inflation. Reeves will not be enthused by high inflation covering pretty much the length of the parliament…
Entries in the comments…
Downing Street is blocking the public launch of Rayner’s Office for the Deputy Prime Minister. Farcical…
Rayner’s staff have been working away since 21 July in the Cabinet Office. A public launch has been penned in and delayed numerous times now by Downing Street – there is even a logo. The operations of the office were briefed to the Times for a colour piece last Friday. Labour sources point the finger at Starmer’s Principal Private Secretary Nin Pandit for acting as the block on the power base. Pandit is far from the most popular senior figure in Downing Street. A source there tells Guido she is highly abrasive with a low capacity for delivery…
Along with her ODPM office Rayner has a separate DPM’s policy unit based back in the housing department on Marsham Street with separate staff. What is Starmer so afraid of?
More in Common released polling last night on the Online Safety Act. Brits have concerns…
A majority (66%) are concerned that harmless information is age-restricted wrongly. A higher 71% say immigration criticism is being unfairly blocked…
On the other side of things a majority of the public correctly identifies that young people can bypass age checks anyway through VPN use – which has skyrocketed – and that personal information uploaded can be hacked following verification processes. As Peter Kyle and Labour push the bill to further extremes Brits are increasingly likely to turn against it…
The EHRC will recommend that trans women are banned from using single-sex spaces in schools, leisure centres, hospitals, cinemas and so on. No response from Jolyon yet…
Government departments have so far refused to say they will change their practices. They said they would follow updated guidance – here it is…
The guidance will come across Bridget Phillipson’s desk by the end of August according to the Times. Not all public-service provider venues will have to have single-sex spaces but those that do will be told to exclude transgender women. It won’t be discriminatory to ask for a birth certificate. Venues will have to make sure there are facilities for trans people. Nature continues to heal…
The president of Colombia has endorsed his old friend Jeremy Corbyn and Your Party. Get it on the pamphlets…
President since 2022 Gustavo Petro is known in South America for his former membership of murderous communist guerilla organisation M-19. His disapproval rating is currently sitting at around 60% – higher even than Starmer…
Corbyn has long expressed admiration for Petro. In a tweet Petro says Jezza is a “friend of Colombian progressivism” and of a Your Party victory: “Humanity needs that result.” Unfortunately there are some issues with Petro’s endorsement:
Este resultado le daría la victoria en Reino Unido a Jeremy Corbin, amigo personal del progresismo colombiano, y su partido “Su Fiesta” seguido del Partido laborista, los conservadores de últimas.
La humanidad necesita ese resultado. pic.twitter.com/NhbanFzyyE
— Gustavo Petro (@petrogustavo) August 7, 2025
The president has confused a poll in Starmer’s constituency with voting intention for the whole of Westminster. He also refers to Your Party as “Su Fiesta.” Guido reckons even non-Spanish speaking co-conspirators can work out what’s gone wrong there. Did they not do much literacy work in the guerrilla camp?
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”
