Delays on M4 after earlier crash
As a subscriber, you are shown 80% less display advertising when reading our articles.
Those ads you do see are predominantly from local businesses promoting local services.
These adverts enable local businesses to get in front of their target audience – the local community.
It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
24 minutes ago
- Reuters
Powell repeats rate cuts can wait as Fed studies tariff impacts
WASHINGTON, June 24 (Reuters) - U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank needs more time to see if rising tariffs drive inflation higher before considering the interest rate cuts that President Donald Trump is demanding. "Increases in tariffs this year are likely to push up prices and weigh on economic activity," Powell said in testimony prepared for delivery this morning at a hearing before the House Financial Services Committee. "The effects on inflation could be short-lived, reflecting a one-time shift in the price level. It is also possible that the inflationary effects could instead be more the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance." Powell's testimony largely reiterates the central bank's most recent policy statement approved last week when Fed officials voted unanimously to hold the benchmark interest rate steady in the current 4.25% to 4.5% range, and gave no indication rate cuts were imminent. New economic projections released at the time showed officials at the median expect two quarter-point rate cuts by the end of the year, with investors anticipating the first to come at the Fed's September meeting. In recent days two Fed governors, both Trump appointees, have said rates could fall as soon as the July meeting given inflation has not yet risen in response to tariffs, while two reserve bank presidents say they still worry inflation will intensify over the rest of the year. Trump, who appointed Powell as chair in his first term but is expected to replace him when his term ends next spring, has repeatedly called for steep rate cuts. "We should be at least two to three points lower," he said in a social media post ahead of the hearing, adding in reference to Powell that he hoped "Congress really works this very dumb, hardheaded person, over." Powell has built strong alliances in Congress over his three terms as Fed chair, often getting plaudits from Republicans and Democrats for his oversight of the Fed. In his prepared testimony Powell said the economy remains in a "solid position," with low unemployment and inflation far below its pandemic-era peak. But much about Trump's ultimate trade policies remain in flux, with a July 9 deadline approaching for higher tariffs on a large set of countries. The outcome of that policy shift will be critical for the Fed to understand, Powell said. "Policy changes continue to evolve, and their effects on the economy remain uncertain," Powell said.
BBC News
25 minutes ago
- BBC News
Leicester neighbourhood to get new permit parking rules
A new residents' parking scheme is to come into force in part of Leicester next City Council says the new rules will apply in certain streets in the Woodgate and Fosse Road North area from 1 will be asked to pay £35 a year for a permit to park on the streets in mainly terraced authority said the move was in response to complaints about the streets, on the outskirts of the city centre, filling up with vehicles belonging to commuters and businesses. The council said the scheme would include some short stay pay-and-display bays for customers going to local businesses. Businesses will be asked to pay £100 for annual permits to park in the streets or £150 for a transferable are more than 700 homes in the affected streets which can apply, the council city mayor Geoff Whittle said: "We've seen in other parts of the city how the introduction of residents' parking schemes can be an effective way of tackling parking problems in local neighbourhoods and freeing up spaces for the people who live there."By introducing permit only parking, we can help make it easier for residents to find available parking close to their homes, and new customer parking bays will also mean local businesses don't suffer." Streets in the scheme Balfour StreetMarshall StreetBassett StreetDunton StreetRugby Street Repton StreetCentral RoadBonchurch StreetPart of Fosse Road North, between Bonchurch Street and the Fiveways junctionWoodgate, between its junctions with Balfour Street and Dunton Street
The Independent
25 minutes ago
- The Independent
Co-op to stop sourcing carrots from Israel to ‘support peace and co-operation'
Co-op is to stop sourcing carrots from Israel, among other products from 'countries of concern', to 'support peace and co-operation', it has announced. The supermarket chain said it will stop sourcing relationships with countries where there are 'internationally recognised community-wide human rights abuses and violations of international law'. The policy says that, wherever possible, the grocer will not use ingredients in Co-op branded products or sell whole products from 17 countries of concern. Products and ingredients on the prohibited list include Russian vodka, mangoes from Mali and carrots from Israel. They will be removed from Co-op shelves and products on a phased basis, starting this month. The supermarket said the policy had been approved by the Co-op Group Board and coincided with the start of Co-op Fortnight in the UK. It followed a year of 'detailed analysis' and was based on three criteria: agreement across respected assessments of behaviour which would constitute community-wide human rights abuses or violations of international law; that the actions Co-op could take would make a difference to those affected; and that the grocer's actions would not negatively affect its integrity as a commercially successful business aligned with co-operative values and principles. Over recent years, Co-op members had made clear through surveys, engagement and motions that conflict was one of their biggest concerns and that 'their Co-op should do all it can to advocate and build peace', it said. Debbie White, chairwoman of the Co-op Group Board, said: 'This policy – which has been developed over the past year as a part of our Hate Divides Communities, Co-operation Builds Them campaign – is a clear demonstration of our co-operative values in action, where the voices of our members have been listened to and then acted upon. 'We are committed, where we can, to removing products and ingredients from our shelves which are sourced from those countries where the international consensus demonstrates there is not alignment with what happens in those countries and our co-operative values and principles. 'As a business, we have a long-standing legacy of doing the right thing, supporting Fairtrade and championing ethical sourcing, and this policy is a natural progression of this.'
