The European Central Bank hiked its interest rate benchmark by half a percentage point today, despite fears that market turmoil caused by embattled lender Credit Suisse could spark a wider financial meltdown.
The ECB said it “stands ready to respond” and is “monitoring current market tensions closely” after Credit Suisse was thrown a lifeline overnight by Switzerland’s central bank, in the form of an unprecedented ÂŁ45bn loan.
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France’s opening ceremony promises to be quite the spectacle, provided security threats can be kept at bay.
The PM announced his plans for ÂŁ8 Billion in funding for GB Energy, the new state-run energy corp.
Keir Starmer is punishing Labour rebels for supporting a policy that was one of his own leadership pledges.
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