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    Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

    Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

    Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

    Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

    MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

    MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

    MSP Colin Smyth denies hiding secret camera in Scottish Parliament toilet

    MSP Colin Smyth denies hiding secret camera in Scottish Parliament toilet

    Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

    Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

    Blow for Scottish Conservatives as MSP quits party in protest at ‘reactionary politics’

    Blow for Scottish Conservatives as MSP quits party in protest at ‘reactionary politics’

    SNP Government ‘failing stroke patients’ as average treatment waiting time over two hours

    SNP Government ‘failing stroke patients’ as average treatment waiting time over two hours

    MSP demands Donald Trump pay up to cover costs of policing for Scottish visit

    MSP demands Donald Trump pay up to cover costs of policing for Scottish visit

    Glasgow domestic waste sent to Spain as part of SNP council recycling drive

    Glasgow domestic waste sent to Spain as part of SNP council recycling drive

    Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

    Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

    Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

    Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

    Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

    Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

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      Salesforce boss Marc Benioff joins Weev.

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      What is a virtual office and why you need one in Central London – Your Company Formations Ltd

      Inflation rises again to new 40-year high

      Inflation rises again to new 40-year high

      Bank of England hikes interest rates to 1.25%

      Bank of England hikes interest rates to 1.25%

      Hiring activity in Scotland slows amid steep decline in staff availability

      Hiring activity in Scotland slows amid steep decline in staff availability

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      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

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      Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

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      Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

      Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

      Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

      Kieron Bowie touted for Rangers transfer if key hurdle can be cleared

      Kieron Bowie touted for Rangers transfer if key hurdle can be cleared

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      Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

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      Scotland’s plunging coefficient faces threat from Sweden as Champions League abyss awaits

      Rangers brutally mocked by Belgian big mouth as rebuilding Brugge told UCL rivals aren’t ‘serious’

      Rangers brutally mocked by Belgian big mouth as rebuilding Brugge told UCL rivals aren’t ‘serious’

      Jamie Vardy handed Celtic transfer pitch as two deals reach endgame

      Jamie Vardy handed Celtic transfer pitch as two deals reach endgame

      Etienne Youte breaks cover as Celtic issued Jakob Breum red flag before key transfer deadline

      Etienne Youte breaks cover as Celtic issued Jakob Breum red flag before key transfer deadline

      Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

      Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

      Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

      Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

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      Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

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        NASA announces breakthrough discovery suggesting life on Mars

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        Sir James Dyson unveils new AI robot vacuum in a bid to help households to clean with ease

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        Shoppers leave Sky for ‘easy to use’ TV recorder that lets you watch telly for free

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        Scottish siblings diagnosed with the same terminal illness that killed their dad

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        Signs of depression in later life and how to recognise them, according to experts

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        New update on calls for monthly State Pension payments of £2,344 for people over 60

        New update on calls for monthly State Pension payments of £2,344 for people over 60

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        Jet2 announce new check-in change for Scots travellers

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        DWP warning to people on State Pension, PIP or other benefits using a mobile phone

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        DWP urges people in their 60s to check State Pension age before changes start next year

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        ‘Attractive’ £100 fire pit that’s ideal for long summer nights drops to £44

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        Primary schools in one part of Wales propose big change for parents

        Primary schools in one part of Wales propose big change for parents

        International students warned of deportation if they overstay their visa

        International students warned of deportation if they overstay their visa

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        The top state schools in Wales for GCSE results

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        Cardiff releases GCSE grades as city schools beat Wales-wide results

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        Swansea schools beat Wales average for A-level results

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        Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

        Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

        Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

        Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

        MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

        MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

        MSP Colin Smyth denies hiding secret camera in Scottish Parliament toilet

        MSP Colin Smyth denies hiding secret camera in Scottish Parliament toilet

        Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

        Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

        Blow for Scottish Conservatives as MSP quits party in protest at ‘reactionary politics’

        Blow for Scottish Conservatives as MSP quits party in protest at ‘reactionary politics’

        SNP Government ‘failing stroke patients’ as average treatment waiting time over two hours

        SNP Government ‘failing stroke patients’ as average treatment waiting time over two hours

        MSP demands Donald Trump pay up to cover costs of policing for Scottish visit

        MSP demands Donald Trump pay up to cover costs of policing for Scottish visit

        Glasgow domestic waste sent to Spain as part of SNP council recycling drive

        Glasgow domestic waste sent to Spain as part of SNP council recycling drive

        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

        Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

        Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

        Trending Tags

        • Business

          Salesforce boss Marc Benioff joins Weev.

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

        • Sports
          Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

          Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

          Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

          Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

          Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

          Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

          Kieron Bowie touted for Rangers transfer if key hurdle can be cleared

          Kieron Bowie touted for Rangers transfer if key hurdle can be cleared

          Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

          Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

          Scotland’s plunging coefficient faces threat from Sweden as Champions League abyss awaits

          Scotland’s plunging coefficient faces threat from Sweden as Champions League abyss awaits

          Rangers brutally mocked by Belgian big mouth as rebuilding Brugge told UCL rivals aren’t ‘serious’

          Rangers brutally mocked by Belgian big mouth as rebuilding Brugge told UCL rivals aren’t ‘serious’

          Jamie Vardy handed Celtic transfer pitch as two deals reach endgame

          Jamie Vardy handed Celtic transfer pitch as two deals reach endgame

          Etienne Youte breaks cover as Celtic issued Jakob Breum red flag before key transfer deadline

          Etienne Youte breaks cover as Celtic issued Jakob Breum red flag before key transfer deadline

          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Trending Tags

          • Technology
            NASA announces breakthrough discovery suggesting life on Mars

            NASA announces breakthrough discovery suggesting life on Mars

            Sir James Dyson unveils new AI robot vacuum in a bid to help households to clean with ease

            Sir James Dyson unveils new AI robot vacuum in a bid to help households to clean with ease

            Shoppers leave Sky for ‘easy to use’ TV recorder that lets you watch telly for free

            Shoppers leave Sky for ‘easy to use’ TV recorder that lets you watch telly for free

            Google Pixel 10 pre-orders go live with up to £700 off from Sky, O2, Amazon and EE

            Google Pixel 10 pre-orders go live with up to £700 off from Sky, O2, Amazon and EE

            Tech fans say ‘brilliant fit’ £18 noise cancelling earbuds work ‘as well as Apple Airpods’

            Tech fans say ‘brilliant fit’ £18 noise cancelling earbuds work ‘as well as Apple Airpods’

          • Health
            Scottish siblings diagnosed with the same terminal illness that killed their dad

            Scottish siblings diagnosed with the same terminal illness that killed their dad

            Signs of depression in later life and how to recognise them, according to experts

            Signs of depression in later life and how to recognise them, according to experts

            Jessie J postpones UK tour and cancels US gigs amid ongoing cancer battle

            Jessie J postpones UK tour and cancels US gigs amid ongoing cancer battle

            Boots protein powder shoppers say ‘takes away cravings and cuts bloating’

            Boots protein powder shoppers say ‘takes away cravings and cuts bloating’

            Changing the way you walk could help knee arthritis and delay surgery

            Changing the way you walk could help knee arthritis and delay surgery

          • Entertainment
            New update on calls for monthly State Pension payments of £2,344 for people over 60

            New update on calls for monthly State Pension payments of £2,344 for people over 60

            Jet2 announce new check-in change for Scots travellers

            Jet2 announce new check-in change for Scots travellers

            DWP warning to people on State Pension, PIP or other benefits using a mobile phone

            DWP warning to people on State Pension, PIP or other benefits using a mobile phone

            DWP urges people in their 60s to check State Pension age before changes start next year

            DWP urges people in their 60s to check State Pension age before changes start next year

            ‘Attractive’ £100 fire pit that’s ideal for long summer nights drops to £44

            ‘Attractive’ £100 fire pit that’s ideal for long summer nights drops to £44

          • Life Style
          • Travel
          • Education
            Primary schools in one part of Wales propose big change for parents

            Primary schools in one part of Wales propose big change for parents

            International students warned of deportation if they overstay their visa

            International students warned of deportation if they overstay their visa

            The top state schools in Wales for GCSE results

            The top state schools in Wales for GCSE results

            Cardiff releases GCSE grades as city schools beat Wales-wide results

            Cardiff releases GCSE grades as city schools beat Wales-wide results

            Swansea schools beat Wales average for A-level results

            Swansea schools beat Wales average for A-level results

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          Bank of England hikes interest rates to 1.25%

          by Daniel G. Perri
          June 19, 2022
          in Business
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          The Bank of England has raised its interest base rate to the highest point since the start of 2009, as the cost of living continues to soar.

          The Monetary Policy Committee (MPC) set the rate at 1.25% – up from 1% previously – and the fifth increase in a row as it tries to tame runaway inflation.

          It also warned that prices for households across the country might increase even further than previously thought.

          Three of the nine-person MPC voted for an even bigger hike, arguing that rates should rise as high as 1.5%.

          “In view of continuing signs of robust cost and price pressures, including the current tightness of the labour market, and the risk that those pressures become more persistent, the committee voted to increase bank rate by 0.25 percentage points,” it said in a notice.

          For the MPC, which decides on rates, a key concern is inflation.

          The committee is tasked with keeping inflation constant at around 2%, a target it is currently well clear of.

          The cost of living has been soaring for months, with consumer prices index (CPI) inflation hitting a 40-year high of 9% in April when the energy price cap was hiked.

          But things are set to get even worse later this year.

          Experts currently expect that regulator Ofgem could put up energy prices even further, from £1,971 per year to around £2,800.

          This, alongside other pressures in the economy, could lead to CPI topping 11% in October, the bank said.

          Just a month ago it had predicted inflation to peak at above 10%.

          “The economy has recently been subject to a succession of very large shocks,” Bank of England governor Andrew Bailey wrote in a letter to Chancellor Rishi Sunak, setting out why inflation was so much higher than the 2% target.

          “These shocks have pushed global energy and tradable goods prices to elevated levels.

          “Those price increases have raised inflation and, since the UK is a net importer of these items, will necessarily weigh on most UK households’ real incomes and many UK companies’ real profits.”


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          The chancellor has announced multi-billion pound help for struggling households, much of which is set to come in when energy bills rise again in October.

          But it might prove somewhat of a double-edged sword, the bank said, adding another 0.1 percentage points to CPI in the first year.

          In its reports on Thursday, the bank also downgraded its forecast for gross domestic product (GDP) for the second quarter of the year.

          GDP is now expected to drop by 0.3% across the quarter, weaker than anticipated just over a month ago.

          The bank’s base rate has been low since being cut rapidly during the financial crisis. It has risen recently in response to what is happening in the economy.

          It is the first since records began in 1694 that the base rate has been set at 1.25%.

          Kevin Brown, communications manager at Scottish Friendly, commented: “Although the central bank finds itself in a difficult position with factors at play that are outside of its control, we cannot forget that consumers are stuck between a rock and a hard place.

          “Living costs continue to rise and could spike sharply again in October when the new energy price cap comes into effect, and with interest rates going up many UK households are also facing higher borrowing costs.

          “Savers should benefit from rising interest rates, but in a cost-of-living crisis many households will be more concerned with their bills going up, rather than the possibility of earning a few extra pounds on their savings.”

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