'Norwich have done to us what we did to Oxford'
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The Independent
20 minutes ago
- The Independent
Why Diane Abbott told Jeremy Corbyn not to set up new party
Diane Abbott advised Jeremy Corbyn against establishing a new political party, citing the difficulties new parties face under Britain's first-past-the-post electoral system. Despite her advice, Ms Abbott believes Mr Corbyn's unnamed new party, launched last month with Zarah Sultana, will exceed expectations due to widespread public dissatisfaction with current politics. Ms Abbott, a Labour MP for over 40 years, indicated she would not be joining Mr Corbyn's new venture, despite expressing disappointment with the current Labour government 's policies. She criticised the government's decision to proscribe Palestine Action, labelling it a "complete disgrace" and an attempt to suppress protest. Ms Abbott expressed anger at not being called by Commons Speaker Sir Lindsay Hoyle to speak after racist comments by Conservative donor Frank Hester, suggesting political motives from both the Conservatives and Labour.
The Independent
20 minutes ago
- The Independent
Consumer confidence reaches highest point of year despite ‘clouds on horizon'
Consumer confidence has reached its highest point this year amid 'clouds on the horizon' in the form of inflation and rising unemployment, according to a long-running survey. GfK's Consumer Confidence Index increased by two points to minus 17 in August, driven by improved personal finances likely thanks to the latest cut to interest rates. Earlier this month, the Bank of England voted to cut its base interest rate from 4.25% to 4%. Confidence in personal finances over both the last year and the coming 12 months rose three points, to minus four and positive five respectively. The measure for the general economic situation of the country during the last 12 months is up two points to minus 42 – seven points worse than a year ago – while the expectations for the next 12 months fell one point to minus 30 – 15 points worse than last August. The major purchase index – a measure of confidence in buying big ticket items – is up two points to minus 13. Neil Bellamy, consumer insights director at GfK, said: 'The biggest changes in August are in confidence in personal finances, with the scores looking back and ahead a year each up by three points. 'This is likely due to the Bank of England's August 7 cut in interest rates, delivering the lowest cost of borrowing for more than two years. 'The improved sentiment on personal finances is welcome, but there are many clouds on the horizon in the form of inflation – the highest since January 2024 – and rising unemployment. 'There's no shortage of speculation, too, about what the autumn budget will bring in terms of tax rises.' He added: 'While August's overall index score of minus 17 is the best this year, consumer confidence continues to move in a very narrow band, and there's no sense that it is about to break out into fresher, more optimistic territory. 'The UK's consumers are still in wait-and-see mode, and any surprises could result in sudden and sharp changes in sentiment.'
The Independent
20 minutes ago
- The Independent
Palace boss makes transfer admission with star midfielder close to departure
Crystal Palace manager Oliver Glasner indicated that Eberechi Eze has likely played his last game for the club. Eze reportedly pulled out of Crystal Palace's Conference League play-off match against Fredrikstad on Thursday morning, citing illness. Arsenal is reportedly close to finalising a £60 million deal for the England international, with confirmation possible this weekend. Glasner expressed frustration over Crystal Palace's lack of transfer activity, stating the club missed the chance to replace Eze early enough. Crystal Palace chairman Steve Parish acknowledged Eze's departure, stating the club must move on and find new players.
