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Chiltern Railways has been brought into public ownership after 30 years as a private company. It is the 10th rail company now under the Great British Railways (GBR), the government’s programme of public ownership, which it says will save money and improve services. Chiltern Railways, which was privatised in 1996, operates services from London Marylebone…
Japan’s central bank has raised its main interest rate to a fresh 31-year high as it continues to move away from decades of ultra-low borrowing costs and as the country faces increasing economic pressures. In a widely expected move on Friday, the Bank of Japan (BOJ) increased the rate from 1% to 1.25% – a…
The chancellor is to warn the European Union (EU) not to lock the UK out of its scheme to protect industries from unfair Chinese competition. John Healey will push for closer UK-EU partnerships on tech, defence, and manufacturing at a meeting of EU finance ministers in Dublin on Friday. But he will call on the…
Households feel the impact of a rising Bank rate through higher borrowing costs, but can benefit from more generous savings rates. Given the global picture, and market expectations of a higher Bank rate, a host of major lenders have already increased the cost of new fixed-rate mortgages in recent days. Andrew Montlake, chief executive of…
To 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…
The rise in inflation means it has moved further away from the Bank of England’s 2% target. The bank uses interest rates to control inflation. The rate currently stands at 3.75% and the Bank of England is meeting on Thursday to decide whether to change it. Prime Minister Andy Burnham said on Wednesday inflation is…
The boss of ChatGPT-maker OpenAI says people should have more faith in AI firms to keep the tech safe, amid rising public concerns about the risks. “The world should trust that we are going to do the right thing because it’s the right thing and we feel the magnitude of this,” Sam Altman said on…
Lewis said she had seen the level of shoplifting increase and decrease in line with the cost of living, but added: “When there is a presence in the town, they are deterred.” Insp Ingrid Tozer, the West Mercia Police officer responsible for Shrewsbury town centre, said an increased police presence there was making a difference….
Originally from Bulgaria, they have lived on the island for more than 14 years and have run a cafe in the town’s Village Walk area for the last three. Matevski said rising stock prices were “crazy”, adding that “every day our suppliers are coming with new prices and we’re trying to survive”. Slavova said: “We…
