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The Latest Breaking News from Andrew Bailey

Silicon Valley Bank: inquiries launched into bank’s collapse and UK arm

Probes announced in the UK and US over failure of California lender as financial markets recovered from Monday’s turmoil

The Guardian - UK

OPINION - Controlling inflation is the battle of our times — and fortune will favour the bold

The Bank of England appears to be as confused as everybody when it comes to the outlook for interest rates. At the beginning of the month, a speech by the Bank’s Governor Andrew Bailey triggered hugely conflicting headlines. They ranged from “Bailey downplays talk of sharp rise in interest rates”…

Evening Standard

Why did Silicon Valley Bank collapse? And how did HSBC rescue its UK arm?

A weekend of high political drama ends in a rescue deal that leaves fast-growing sector safe in the City

Evening Standard

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Activists take aim at St. Louis transgender clinic, but draw counterprotesters

ST. LOUIS — More than a dozen people gathered Sunday afternoon on the edge of Forest Park to protest the medical treatment of transgender adolescents at a clinic across the street.

St. Louis Post-Dispatch

Chancellor 'working ‘at pace’ to help UK tech firms after Silicon Valley Bank collapse

Warning that science and technology firms face 'serious risk'

Birmingham Post

Hunt working ‘at pace’ to help tech firms after Silicon Valley Bank collapse

Warning of 'serious risk' to tech and science firms

Insider UK

Election winners, fashionable horses and a tour of stately homes – take the Thursday quiz

Fifteen questions on general knowledge and topical trivia, plus a few jokes every Thursday. How will you fare?

The Guardian - UK

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Federal judge tosses Missouri gun law, ruling it ‘exposes citizens to greater harm’

KANSAS CITY, Mo. — A federal judge has overturned a Missouri law that declared certain federal gun laws “invalid” if they don’t have a state-level equivalent, after the U.S. Department of Justice sued to overturn the measure.

Tribune News Service

US judge strikes down Missouri gun law as unconstitutional

A Missouri law banning local police from enforcing federal gun laws has been struck down as unconstitutional

The Independent UK

Interest rates may have to rise again to help control inflation, says Bank chief

Rates may go higher as inflation remains way off the Bank of England’s target, Governor Andrew Bailey says

Evening Standard

Bank of England boss signals interest rates may have peaked

But Governor Andrew Bailey says rates could rise again if inflationary pressures become embedded

The Guardian - UK

Rates may need to rise further but ‘nothing is decided’, says Bank boss

Bank of England governor Andrew Bailey said inflation is ‘much too high’ despite recent easing in the cost of living.

The Independent UK

Bank of England chief signals interest rates may have peaked; mortgage approvals and house prices fall – as it happened

UK house prices fall year-on-year for first time since June 2020; consumer credit doubles as people borrow more on credit cards amid cost of living crisis

The Guardian - UK

St. Louis prosecutor faces mounting criticism over crash

Missouri Republicans who want the state to take over prosecutions of violent crimes in St. Louis are sharply criticizing the city’s embattled prosecutor after a teenage volleyball player from Tennessee lost her legs in a crash caused by a speeding driver facing felony charges

The Independent UK

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St. Louis Post-Dispatch

St. Louis prosecutor Kim Gardner calls removal attempt a 'political stunt,' defends handling of case

ST. LOUIS — Circuit Attorney Kimberly M. Gardner spurned an ultimatum from Missouri’s attorney general on Thursday, declining to step down and claiming that calls for her resignation are a “political stunt.”

The Independent UK

Teen athlete loses legs; St. Louis prosecutor under scrutiny

Beyond the grief after a teenage volleyball player from Tennessee lost both legs following an accident in downtown St. Louis, her family and those around them are left to wonder why the driver responsible for the wreck was able to get behind the wheels of a car

The Independent UK

Teen athlete loses legs in crash; prosecutor asked to resign

The Missouri attorney general is calling for the resignation of a St. Louis prosecutor — after a motorist who repeatedly violated his bond conditions crashed and injured a teenage volleyball player who had to have both of her legs amputated

The Independent UK

Missouri activists seek more wrongful conviction hearings

As racial justice activists in Missouri celebrate the overturned conviction of Lamar Johnson, they’re questioning why other inmates with credible innocence claims aren’t getting the chance to make their cases in court

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The Guardian - UK

‘Disaster’ is right: Brexit is a self-inflicted wound that cuts dangerously deep

Quitting the EU has stalled business investment, making us reliant on workers who are now scarce. Hence rising wages, high inflation and increased interest rates. Result? A looming recession

The Independent UK

Missouri officials investigate transgender youth clinic

Missouri officials are investigating whistleblower complaints that a transgender health center rushed children through gender-affirming care

The Guardian - UK

UK interest rates are too high and may need cut – Bank of England’s Tenreyro

Policymaker highlights split in rate-setting committee, saying inflation is on track to fall

Evening Standard

Inflation ‘guaranteed’ to fall in 2023 unless new global shock hits, says Andrew Bailey

The Bank of England’s governor told MPs he is ‘concerned’ about the continued persistence of inflation, but expects the rate to halve this year

The Independent UK

Watch: MPs question Bank of England’s Andrew Bailey on interest and inflation rates

Bank of England governor Andrew Bailey was questioned by MPs on rising interest and inflation rates.

The Guardian - UK

‘Britcoin’ digital currency could be in use by end of decade

Bank of England and Treasury weigh up issues involved with creating digital pound

The Guardian - UK

We’ve avoided recession for now, but the outlook is one of perma-gloom

December’s GDP was boosted by us all cranking up the heating. Actual economic growth has not looked so weak in decades

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