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Most bus fares in England to be capped at £2 from January
Posted onThe bus fare cap in England will revert to £2 from January, new prime minister Andy Burnham has announced. The government says the policy, which is expected to cost more than £500m, will “help with the cost of living and give people the breathing space they need”. In January 2025, the England-wide bus fare cap…
Iran war muddles expectations of likely Federal Reserve interest rate cuts
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors have trimmed bets on the number of interest rate cuts this year as surging petrol prices and a softening jobs market complicate the Federal Reserve’s ability to boost the US economy while containing inflation….
Bath low-cost food pantry awarded £272k lottery grant
Posted onTo be eligible to join the Pantry, members must have an annual household income of less than £18,000 or be struggling to afford food, and live in eligible areas of Bath. There are two membership tiers, £5 per week for 6 items or £7.50 per week for 10 items, which includes access to chilled and…
Trump: 50% tariffs response to Canadas treatment of US farmers
Posted onUS President Donald Trump has imposed a 50% tariff on a wide range of goods imported from Canada, in retaliation for what he called “unequal treatment” of US cars, dairy and alcohol. On Tuesday, he said the tariffs are a response to how Canada has treated US farmers. The White House said the duties would…
Northern Powerhouse Rail plans delayed again
Posted onFaisal IslamEconomics editor Getty Images Plans to extend high-speed rail across the north of England have been delayed further and will not now be announced by the prime minister at the Labour Party conference next week. The BBC understands concerns over the long-term costs of the line earmarked between Liverpool and Manchester have pushed back…
UK heatwave leave fridges struggling to deal with the heat
Posted onThe food industry has recognised that heatwaves are causing it a problem. Rupert Ashby, from the British Frozen Food Federation, said freezers are breaking down or being switched off in supermarkets in the extreme heat because the systems find it hard to deal with the high temperatures. “The way the fridges work is to cool…
