Insights from the UK and beyond
Thursday’s front pages
Gordon Brown’s drive to recapture the political agenda with a programme of new laws to create “an opportunity-rich Britain” was badly shaken yesterday by King’s warning.
“The nice decade is behind us,” Mervyn King declared in funereal tones, warning that the economy was “travelling along a bumpy road” as he predicted rising prices would put a squeeze on take-home pay for millions of workers.
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FINANCIAL TIMES: No rate cuts before 2010
Britons should not expect another cut in interest rates for at least two years, the Bank of England indicated yesterday as it warned that inflation would rise far above its previous forecasts and persist at levels well above the government’s target until early 2010.
DAILY TELEGRAPH: Recession danger is real, says Bank governor
The British economy faces the real risk of falling into recession, the Governor of the Bank of England has admitted.
Mervyn King warned families to brace themselves for a further “squeeze” on household finances as energy bills and food prices continue to rise.
THE TIMES: The “nice decade” is over, says Bank chief
Britain faces two years of economic pain and could sink into recession, the Governor of the Bank of England has said in a stark warning to the nation.
THE INDEPENDENT: Meningitis: Defeated at last?
The annual scourge of deaths and severe illness caused by meningitis could be consigned to the history books after scientists announced startling results from trials of a potential vaccine.
DAILY MAIL: Death of the ‘nice’ decade
The good times are gone and there is now a real risk of recession, the Bank of England warned yesterday.
Families face a five-pronged assault on their finances, the BoE’s Mervyn King said in his bleakest assessment yet of the state of the country.
DAILY EXPRESS: New bin tax bombshell
Ministers are pushing ahead with plans for pay-as-you-throw bin taxes – just days after Gordon Brown signalled they would be axed.
Five pilot schemes are being rolled out across the country which could slap up to £1,000 a year on every family that fails to recycle enough.
THE SUN: Crackers
Amy Winehouse will not be prosecuted for smoking crack.
DAILY MIRROR: Help him
He’s just two days out of rehab – but as troubled Paul Gascoigne staggers along a road at 8am yesterday, it’s clear he is still urgently in need of help.
The ex-England star, 40, looked dazed as he tottered along in Gateshead with a towel flung over one shoulder.
DAILY STAR: Cellar boy: My Story
Cellar monster Josef Fritzl’s freed dungeon kids have spelled out their simple dreams for a happy life.
Felix, 6, says all he really wants is a ride in a car – and to run across a meadow playing with other normal kids.