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Peter Atitebi

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News

Rising UK Party Reform in Turmoil After MP Cleared of Threats Against Chairman

British prosecutors have decided not to bring charges against former Reform UK lawmaker Rupert Lowe regarding allegations that he threatened the party's chairman with physical violence. Reform UK, the right-wing party led by Brexit campaigner Nigel Farage, currently has five MPs but has recently surpassed Prime Minister Keir Starmer's Labour Party in opinion polls, becoming Britain's most popular political party according to recent surveys. However, the party has been experiencing internal divisions. Lowe has questioned Farage's leadership abilities, while American billionaire Elon Musk suggested that Lowe should replace Farage as party leader. In March, Reform UK referred Lowe to police, claiming he had made threats against party chairman Zia Yusuf. The party also stated it had received complaints from two female employees in Lowe's parliamentary office alleging serious bullying. Lowe maintained these allegations were "untrue and false." On Wednesday, Britain's […]

Peter Atitebi May 14, 2025

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Finance

Bank of England’s Mann Explains Decision to Keep Interest Rates Steady

Bank of England interest rate-setter Catherine Mann revealed she voted to maintain current borrowing costs last week, despite previously advocating for a substantial 50-basis point cut in February, because the UK labor market has demonstrated greater resilience than anticipated. "The first observation is that the labor market has been more resilient. Now, yes, we've had some prints that are indicative of a slowing labor market, but it is not a non-linear adjustment," Mann explained during a CNBC television interview on Wednesday. Data released Tuesday showed a decline in employment, though economists characterized the decrease as relatively modest. Mann additionally expressed concern about rising household inflation expectations and goods price inflation. The Bank of England reduced its benchmark Bank Rate by a quarter percentage point on May 8, a decision supported by five of the nine members on the Monetary Policy […]

Peter Atitebi May 14, 2025

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Finance

UK Pension Giants Commit ยฃ50 Billion to Private Investments in Growth Push

British pension funds pledged on Tuesday to invest up to 50 billion pounds ($66 billion) of additional capital into UK businesses and infrastructure as the government seeks to leverage private capital for public projects and economic growth. Seventeen investment firms, including Aviva, Legal & General, and M&G, committed to allocating up to 10% of their pension portfolios to infrastructure, property, and private equity by 2030. Half of this investment will be specifically directed toward UK assets. Millions of workplace pension scheme members will see their savings increasingly directed toward higher-risk, potentially higher-return assets such as early-stage businesses and green energy projects, alongside traditional investments in stocks and bonds. These pension fund managers will now compete directly with private equity and specialist investment firms in a market that investment data firm Preqin projects will exceed $30 trillion by 2030. Chancellor of […]

Peter Atitebi May 13, 2025

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Finance

UK Labor Market Shows Signs of Cooling as Employment and Vacancies Fall

Britain's jobs market continued to cool last month, according to data revealing the impact of employer tax increases and Donald Trump's trade tariffs. The figures will likely reassure the Bank of England that inflation pressures are diminishing. Provisional tax office data released Tuesday showed employee numbers fell by nearly 33,000 in April following a 47,000 drop in March. Job vacancies declined further below pre-pandemic levels, decreasing by 42,000 - the largest drop in over a year - in the three months to April, reaching 761,000. Average weekly earnings, excluding bonuses, increased by 5.6% from January to March compared to the same period last year, according to the Office for National Statistics. This marks the slowest growth rate since the three months to November. Economists polled by Reuters had forecast regular wage growth of 5.7%. The pound and financial market expectations […]

Peter Atitebi May 13, 2025

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Politics

UK Prime Minister’s Shocking 10-Year Citizenship Plan Sparks National Debate

UK Prime Minister Keir Starmer announced major immigration reforms to significantly reduce net migration over the next four years. The new policies include stricter English language requirements, extended citizenship waiting periods, and limitations on foreign recruitment. Under the proposed changes, immigrants must wait 10 years instead of five before applying for citizenship. The reforms also restrict skilled worker visas to graduate-level positions and limit companies' ability to hire from abroad, including in the care sector. The announcement comes as net migration reached 906,000 in the year to June 2023, compared to 184,000 in 2019 when Britain was still in the European Union. This surge was partly due to increased arrivals from Ukraine, Hong Kong, and foreign students. Starmer defended the reforms against business concerns about economic impact, citing recent years' stagnant growth despite high immigration. While avoiding specific numerical targets, […]

Peter Atitebi May 12, 2025

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News

Monster Storm Alert – Your Area Could Be Hit Within Hours!

The Met Office has issued a yellow weather warning for thunderstorms across parts of the UK on Monday, coinciding with temperatures reaching 23C. The warning, active from midday until 10 pm, covers London, the South West, and the West Midlands. The storms are expected to bring intense but brief periods of rainfall, with potential accumulations of 20-30mm within an hour. Some areas could experience 40-50mm within two hours where storms intensify, accompanied by lightning and hail. Weather officials warn of possible disruptions to transportation, including challenging driving conditions and potential road closures. Rail and bus services might face cancellations, while some communities could experience power cuts and localized flooding of homes and businesses. A Met Office spokesperson emphasized the difficulty in precisely predicting storm locations, advising residents to stay updated with forecasts and warnings. The storms are expected to be […]

Peter Atitebi May 12, 2025

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Finance

US and UK Reach Limited Trade Deal While 10% Tariffs Remain

President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade agreement on Thursday that maintains Trump's 10% tariffs on British exports while expanding agricultural access and reducing steep US duties on British automobile exports. The "general terms" agreement marks the first of numerous tariff-adjusting deals Trump expects to finalize in the coming weeks. It follows his implementation of new import taxes aimed at addressing the $1.2 trillion US goods trade deficit. Trump celebrated the deal in the Oval Office with Starmer connected via speakerphone. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer prepared to launch negotiations with Chinese officials in Switzerland. Trump emphasized that Britain "made a good deal" but cautioned that other trading partners might face higher final tariffs due to their large US trade surpluses. "It opens up a tremendous market […]

Peter Atitebi May 9, 2025

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Politics

US and Britain Set to Announce Historic Tariff Reduction Deal

The United States and Britain are preparing to announce an agreement to lower tariffs on certain goods on Thursday, marking the first such deal since President Donald Trump implemented worldwide tariffs. Trump announced on Truth Social that he would hold an Oval Office news conference at 10 a.m. EDT Thursday regarding a "major trade deal with representatives of a big and highly respected country." A spokesperson for British Prime Minister Keir Starmer confirmed he would provide an update on US-UK trade discussions later Thursday. Sources familiar with the negotiations indicated the framework of an agreement would be announced. "The United States is an indispensable ally for both our economic and national security," a Downing Street spokesperson stated. "Talks on a deal between our countries have been continuing at pace, and the Prime Minister will update later today." A British official […]

Peter Atitebi May 8, 2025

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News

Europe Commemorates 80th Anniversary of VE Day Amid Shifting Security Landscape

Solemn ceremonies will be held at war memorials across France on Thursday as the country marks the 80th anniversary of Victory in Europe (VE) Day, observed as a public holiday there annually. In Paris, President Emmanuel Macron will lay a wreath at Charles de Gaulle's statue, walk up the Champs-ร‰lysรฉes to the Arc de Triomphe, rekindle the eternal flame at the tomb of the Unknown Warrior, and inspect troops. The ceremony will include a minute's silence, a rendition of the Marseillaise, a speech from Macron on "the values that triumphed in 1945," military bands from six countries, a parade of French armed forces personnel, flags, wartime vehicles, re-enactors, and a flypast. However, France is among the relatively few European countries marking VE Day with such an elaborate ceremony. Some commemorate it more modestly without a public holiday; others call it […]

Peter Atitebi May 8, 2025

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Culture

Young Britons Turn to Catholicism Seeking Deeper Connection in Digital Age

Twenty-three-year-old Joshua Steel found a "great sense of peace" when he began attending Catholic Mass in Britain, something he says was missing in his life. Twenty-six-year-old Dan Williamson was driven to convert by an "ache" for something "deeper and ancient and more rich." Both are among a growing number of men aged 18-34 attending church in Britain compared to pre-pandemic times, challenging the assumption that Christianity was in generational decline in Western nations like Britain. As cardinals gather to vote for Pope Francis's successor on May 7, the traditions and rituals of the Catholic Church, combined with a longing for connection and faith, appear to be attracting younger British adults, particularly men. "I was looking for meaning in life," Steel said after Mass at St. Elizabeth of Portugal church in southwest London, as incense lingered in the air. An Australian […]

Peter Atitebi May 7, 2025

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