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The Guardian Politics30 Apr 2026

Why Bank kept interest rates on hold despite message for UK to brace itself for Trumpflation

The reasons are hardly comforting, pointing to the weakness of a battered economy in the face of this latest crisis Business live – latest updates Bank warns ‘higher inflation unavoidable’ after leaving interest rates on hold The message to the UK’s crisis-weary households from the Bank of England is: brace yourself for Trumpflation – and the higher interest rates it may yet take to rein it in. Reading the Bank’s quarterly monetary policy report, it is not difficult to understand the fury Rac

EconomyDefence
The Guardian Politics30 Apr 2026

Could Lib Dems become the biggest party in English local government?

With voter loyalty a distant memory, the Lib Dems’ cost of living policies and criticism of Trump could gain them ground It has been an election buildup dominated by the rise of Reform UK and the Greens, and the contrasting woes of Labour and the Tories. But there is a chance that on 8 May the Liberal Democrats, largely ignored in recent weeks, could wake up as the biggest party in English local government. This is just one of several paradoxes for the party’s leader, Ed Davey, and his team. T

PoliticsEconomyEnvironmentReform
Guido Fawkes30 Apr 2026

Bank Taxing Labour’s Flagship “£10 Billion” Financial Services Unit Run by Six People

As Labour refuses to rule out additional taxes on banks Guido can reveal that the flagship “single front door for international financial services firms wishing to set up or expand their operations in the UK” only contains six people. Who also have other duties in DBT… Reeves personally announced OfI:FS alongside the City of London…

Economy
The Guardian Politics30 Apr 2026

Could Starmer bring back Rayner to steady ship – and would she get onboard?

Former deputy PM has walked a line between loyalty and interventionism since resigning last September It is nearly eight months since Angela Rayner quit the cabinet because of her tax arrangements, but some might argue her influence on the government has not gone away. And soon she might return, whether as Keir Starmer’s saviour or, perhaps, his usurper. There is increasing speculation that the prime minister could carry out a small-scale reshuffle, primarily to bring back Rayner, his former dep

PoliticsEconomy
The Guardian Politics30 Apr 2026

Why is Britain’s economy so stuck? It’s the tension between what voters want and what the bond markets allow | Larry Elliott

There is no such thing as the Bond Dealers party, but there might as well be – the people who trade in UK debt exert a stranglehold over our politics The days of two-party politics are over. When voters go to the polls in England next week, they will have five main contenders to choose from. In Scotland and Wales, the nationalists make it a six-strong race. This fragmentation reflects the deep discontent with Labour and the Conservatives. One thing in common between the Greens and Reform UK is t

PoliticsEconomyEnvironmentReform
BBC Politics29 Apr 2026

Interest rates expected to be held as uncertainty over Iran war continues

Future base rate changes are hard to predict as analysts judge the economic impact of the Iran war.

EconomyDefence
BBC Politics29 Apr 2026

Interest rates expected to be held as uncertainty over Iran war continues

Future base rate changes are hard to predict as analysts judge the economic impact of the Iran war.

EconomyDefence
The Guardian Politics29 Apr 2026

Rachel Reeves’s plan to mandate how pension funds invest was always a mistake | Nils Pratley

You can understand the motivation – more UK investment by UK funds means faster UK growth – but fiduciary duty trumps all A simple principle lies at the heart of pension investment: the pension manager must invest in the best interest of the client. UK ministers have often wished UK funds would show more home bias by channelling more pensioners’ cash towards domestic assets in the interests of economic growth, but the fundamental rule of the game has always been understood. You don’t mess with t

PoliticsEconomyDefence
Express Politics29 Apr 2026

Ed Miliband blasted over dumb windfall tax move – 'economically illiterate!'

Energy Secretary suggests grabbing 'excess' profits, even on money not made in the UK

Economy
Express Politics29 Apr 2026

Rachel Reeves faces £35bn nightmare as Donald Trump's war deals her huge blow

Rachel Reeves has been dealt a "serious blow" in her plans to regrow the UK's economy.

EconomyDefence
The Guardian Politics29 Apr 2026

Reform’s Scottish leader called ‘tone deaf’ after boasting about his houses, cars and yachts

SNP leader John Swinney suggests Malcolm Offord and other leaders should publish tax returns before 7 May UK politics live – latest updates The leader of Reform UK in Scotland, Malcolm Offord, has been dismissed as “tone deaf” and “entitled” after he boasted in a televised election debate about the number of cars, houses and boats he owned. Responding to the row on Wednesday morning, the SNP leader, John Swinney, proposed that all party leaders should publish their tax returns before the elect

PoliticsEconomyReform
Guido Fawkes29 Apr 2026

Right to Know: Whitehall Becomes Even More Secretive Under Labour

According to new figures for 2025 released by the Cabinet Office, Whitehall departments are becoming more secretive year-on-year. The right to Freedom of Information is under threat from Labour… Cost limit refusals are up 45%. The government wants to reduce cost limits (already not protected from inflation) to block even more FOIs… The core government…

PoliticsEconomy