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The Latest Breaking News from FPC

The Trump Administration Defends the Federal Ban on Interstate Handgun Sales

In response to a Second Amendment lawsuit, the government says the restriction "serves legitimate objectives" and "only modestly burdens" the right to arms.

Reason

Boost for first-time buyers as ‘mortgage lending reins loosened’

One mortgage expert said the Bank of England had made a ‘welcome and pragmatic move’.

Evening Standard

UK workforce exposed if global trade war intensifies, Bank warns

Households and businesses nonetheless remain resilient, and the UK banking system is equipped to support them if conditions worsen.

The Independent UK

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The 9th Circuit Says California's One-Per-Month Limit on Gun Purchases Is Unconstitutional

The appeals court concluded that the restriction impinges on the right to arms and is not consistent with the historical tradition of firearm regulation.

Reason

Gun Owners Deserve Freedom To Enjoy the Sound of Silencers

Long restricted by federal law, suppressors are poised to be freed by litigation or legislation.

Reason

17 Years Ago, She Lost Her Gun Rights for Passing a Bad Check. She Wants SCOTUS To Rectify That Injustice.

Melynda Vincent is asking the justices to decide whether it's constitutional to disarm people based on nothing more than a nonviolent criminal conviction.

Reason

Bank of England says AI software could create market crisis for profit

Concern grows over programs deployed to act with autonomy that may ‘exploit weaknesses’

The Guardian - UK

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Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warns

The Guardian - UK

Global stability risks rise as US tariffs could weigh on growth, Bank warns

It follows US President Donald Trump announcing a series of new and higher tariffs on all imports to the US.

Evening Standard

The 5th Circuit Says the Federal Ban on Handgun Sales to Young Adults Is Unconstitutional

The government failed to persuade the appeals court that 18-to-20-year-olds are not part of "the people" or that the age restriction is consistent with the "historical tradition of firearm regulation."

Reason

Post-Brexit border checks putting food security at risk, produce sellers warn

Importers also facing rising costs, delays and damage to orders, letter from representatives tells government

The Guardian - UK

UK’s post-Brexit checks on fruit and vegetables delayed for a third time

Move comes amid concerns from suppliers that checks on goods coming from EU could lead to higher prices

The Guardian - UK

Firearms Policy Coalition Takes No Prisoners in Sharp Response to Thin-Skinned Maine Governor

Gov. Janet Mills’s office referred critical social media posts to the police. The FPC pushed back.

Reason

Global wave of elections could hit UK financial system, warns Bank of England

Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year

The Guardian - UK

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The Independent UK

Mortgage costs to jump for 3m more households, says Bank of England

The central bank stressed that UK lenders are still in a strong position to support households and businesses, even if the economic backdrop worsens.

The Guardian - UK

Are 25-year UK mortgages a thing of the past?

Younger homebuyers are turning to ultra-long loans, prompting fears over the risk to their finances and the wider economy

The Guardian - UK

Labour to make fighting global heating a priority for Bank of England

Shadow chancellor to use annual Mais lecture to set out plans to green the economy if party wins election

Evening Standard

Bank of England governor Andrew Bailey to be grilled on interest rate hikes' threat to UK financial stability

He and other members of the bank’s Financial Policy Committee will face questions from the Commons Treasury Committee

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International Business Times UK

Bank of England To Assess Risks AI Poses To UK Financial Stability

AI and machine learning have been used across the financial sector for at least a decade, such as to help detect fraud and money laundering.

The Guardian - UK

Bank of England warns AI could pose financial stability risks

‘Careful monitoring’ needed because of rapid pace of artificial intelligence and machine learning

The Hindu

Duo quits high-paying jobs, scripts safe-to-eat veggie farming success

They later formed a 354-member farmer-producer company and a 11-member FIG to increase production of safe-to-eat foods. The FIG produces 400-500 kg of veggies daily from 20 acres, and tests samples to ensure no residues. They use natural alternatives when necessary and plan to open outlets to market farm produce…

The Guardian - UK

Bank of England flags concerns over longer mortgages and rise in credit card use

UK central bank’s financial policy committee says borrowing trends could lead to debt troubles in near future and longer term

Reason

FIRE on the School Restricting "Dont Tread on Me" and Firearms Policy Coalition Patches

From FIRE's letter sent yesterday to the Superintendent of Harrison School District Two in Colorado; I generally trust FIRE's factual accounts in such matters, and I think its legal analysis here is spot on: The Foundation for Individual Rights and Expression (FIRE), a nonpartisan nonprofit dedicated to defending freedom of…

The Independent UK

New Brexit checks will make food price inflation even worse, warns industry

Firms will have to pass on extra costs of red tape, warns Fresh Produce Consortium

The Guardian - UK

Post-Brexit import checks risk further pushing up food prices – industry group

Traders will not be able to absorb estimated £10m extra cost on goods entering from EU, warns Fresh Produce Consortium

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