Bank of England cuts rates for first time in two years
The Bank of England trimmed British interest rates on Thursday for the first time since August 2005 in a bid to combat slower economic growth hit by an ongoing global credit squeeze.
The BoE announcement, following a meeting of its Monetary Policy Committee, comes as central banks around the world are grappling with the double risks of higher inflation and the effects of distressed credit markets.
Labour donor in Government warning
David Abrahams, the property developer at the centre of the Labour Party secret donor scandal, has warned he will come out fighting if he takes a "hammering" from the Government.
He said he had made his donations, totalling more than £650,000, through intermediaries because he feared he would be accused of being part of a "Jewish conspiracy" if his identity was known.
Chinook crash report to be examined
Defence Secretary Des Browne has agreed to look at a new report into the crash of an RAF Chinook helicopter on the Mull of Kintyre 13 years ago, the Ministry of Defence said.
A spokesman said that Mr Browne would also meet the Labour peer Lord O'Neill of Clackmannan, a member of the Mull of Kintyre group, and to consider the report it has drawn up.
Abrahams issues warning to Labour
David Abrahams, the property developer at the centre of the Labour Party secret donor scandal, warned that he would come out fighting if he took a "hammering" from the Government.
He said he had made his donations, totalling more than £650,000, through intermediaries because he feared he would be accused of being part of a "Jewish conspiracy" if his identity was known.
Terror detention plans criticised
Government plans to increase the period police can detain terror suspects without charge were battered by a wave of criticism. Home Secretary Jacqui Smith announced the controversial proposals - condemned as "messy and chaotic" by the Liberal Democrats - which would see the limit rise from 28 days to 42.
Her bid to get the measures through Parliament could prove to be Gordon Brown's toughest challenge so far as Prime Minister. A previous attempt led to Tony Blair's first defeat in the Commons in November 2005.
News from Yahoo news.
The Bank of England trimmed British interest rates on Thursday for the first time since August 2005 in a bid to combat slower economic growth hit by an ongoing global credit squeeze.
The BoE announcement, following a meeting of its Monetary Policy Committee, comes as central banks around the world are grappling with the double risks of higher inflation and the effects of distressed credit markets.
Labour donor in Government warning
David Abrahams, the property developer at the centre of the Labour Party secret donor scandal, has warned he will come out fighting if he takes a "hammering" from the Government.
He said he had made his donations, totalling more than £650,000, through intermediaries because he feared he would be accused of being part of a "Jewish conspiracy" if his identity was known.
Chinook crash report to be examined
Defence Secretary Des Browne has agreed to look at a new report into the crash of an RAF Chinook helicopter on the Mull of Kintyre 13 years ago, the Ministry of Defence said.
A spokesman said that Mr Browne would also meet the Labour peer Lord O'Neill of Clackmannan, a member of the Mull of Kintyre group, and to consider the report it has drawn up.
Abrahams issues warning to Labour
David Abrahams, the property developer at the centre of the Labour Party secret donor scandal, warned that he would come out fighting if he took a "hammering" from the Government.
He said he had made his donations, totalling more than £650,000, through intermediaries because he feared he would be accused of being part of a "Jewish conspiracy" if his identity was known.
Terror detention plans criticised
Government plans to increase the period police can detain terror suspects without charge were battered by a wave of criticism. Home Secretary Jacqui Smith announced the controversial proposals - condemned as "messy and chaotic" by the Liberal Democrats - which would see the limit rise from 28 days to 42.
Her bid to get the measures through Parliament could prove to be Gordon Brown's toughest challenge so far as Prime Minister. A previous attempt led to Tony Blair's first defeat in the Commons in November 2005.
News from Yahoo news.
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