Author: LoveWorld UK

The Bank of England governor, Andrew Bailey, has called on businesses to hold back price rises, telling them that interest rates will need to rise again unless inflation falls. Bailey, who was speaking after the central bank raised its base rate on Thursday to a 14-year high of 4.25% from 4%, said inflation was too high and the central bank would need to take further action unless it began to fall by the summer. The warning came after the latest official data showed the annual rate of inflation unexpectedly rose to 10.4% in February, from 10.1% in January. The Bank of England’s official inflation target…

Concerns are growing among some parties involved in the Manchester United sale that the Glazers might have “played them for months” – and instead of selling the club they would prefer to either push up the price to create leverage for a loan, or offload a minority stake to a hedge fund. The latest plot twist came on a day where parties were told that the deadline for the second round of bidding would now be 4pm UK time on Friday – having been pushed back from Wednesday night – and US hedge fund Elliott Management confirmed that it had made an…

US WARSHIP TO JOIN DRILLS IN SOUTH KOREA – As North Korea fires missiles The United States’ amphibious assault ship Makin Island is part of the U.S.’ plan to defend ally South Korea and the Indo-Pacific region at large, said its commanding officer Tony Chavez at a news conference on Thursday (March 23), amid escalating tensions after North Korea’s missile launches. The warship arrived at a naval base in the southeastern port city of Busan on Wednesday March 22nd to join large scale amphibious drills which kicked off on Monday near Pohang on South Korea’s east coast for a two-week…

GLOBAL DAY OF PRAYER WITH THE MAN OF GOD PASTOR CHRIS – Friday 24th – Saturday 25th 5pm GMT The Global Day of Prayer with Pastor Chris and Pastor Benny Hinn takes place this Friday 24th March and will run for 24 hours till Saturday 25th. It starts at 5pm GMT local time. Christians from all over the world will be joining the Global Day of Prayer and praying with Pastor Chris and Pastor Benny for the nations of the world. You can participate live on all the Loveworld Networks.

Prime Minister Rishi Sunak has secured a historic victory after his Brexit legislation passed through the House of Commons by 515 votes to 29, but 70 Tory MPs did not support the deal. Rishi Sunak has been handed a victory, as his Brexit deal passed through the House of Commons by 515 votes to 29. But he still faced a significant rebellion from his own MPs, as 70 MPs did not vote for the deal. 22 Conservative MPs voted down the statutory instrument, while 48 abstained. This amounts to 15 percent of Tory MPs. 6 DUP MPs and one independent MP…

The battle to take over Manchester United was plunged into chaos and confusion on Wednesday night after the deadline for the second round of bids for the club was dramatically extended at the last minute. Representatives of the Qatari banker Sheikh Jassim bin Hamad al-Thani and the Ineos owner, Sir Jim Ratcliffe, had earlier claimed that their bids had gone in before Wednesday night’s 9pm deadline. However, it later emerged that it was not the case and that at least one bid – Ineos – had asked for more time. A new deadline is yet to be confirmed but Ineos are expecting…

Boris Johnson faces being formally reprimanded for recklessly misleading parliament after MPs investigating the Partygate scandal denounced his “flimsy” explanations and suggested he had wrongly interpreted Covid guidance. The former prime minister was left fighting for his political career after a tetchy three-and-a-half-hour evidence session in which he repeatedly claimed No 10 parties, with alcohol and little social distancing, had been “necessary” for work purposes. Harriet Harman, the chair of the privileges committee investigating whether Johnson deliberately misled MPs over lockdown gatherings, expressed dismay at the “flimsy nature” of assurances he received that events were within the rules. Bernard Jenkin,…

BORRIS FUTURE IN QUESTION Former Prime Minister giving evidence to MPs today Boris Johnson’s future is in the balance as he is giving evidence to MPs investigating whether he misled parliament over partygate denials. The former prime minister is apearing before the cross-party privileges committee started at 2pm on Wednesday for a session of questioning that is due to last four hours – but could be longer. All seven committee members, led by Labour veteran Harriet Harman, will use Mr Johnson’s appearance to determine if he deliberately misled the Commons when he told MPs no COVID rules or guidance had…

Nigeria’s two main opposition leaders on Tuesday filed petitions seeking to cancel results from last month’s disputed presidential election, court papers showed, to begin what could be a legal battle lasting several months. There have been numerous legal challenges to the outcome of previous Nigerian presidential elections but none has succeeded. Atiku Abubakar from the biggest opposition People’s Democratic Party (PDP) and Labour Party’s Peter Obi asked the Appeals Court to invalidate the election won by Bola Tinubu of the ruling All Progressives Congress (APC) party. The opposition leaders said in separate affidavits the election was fraught with irregularities and accused the Independent…

UK inflation jumped unexpectedly in February after food prices surged at their highest rate for 45 years, piling pressure on the Bank of England to increase interest rates again this week. Adding to the squeeze on household incomes, the consumer prices index (CPI) accelerated to 10.4% from 10.1% in January, with prices driven higher by a rise in the cost of drinks, women’s clothes, meals out and fresh food as salad items ran short. The price of goods and services have now increased dramatically since last year when the official inflation rate was nearer 6% and by 17.2% over the past…