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Feb 4 8 tweets 2 min read
The head of the Bank of England has asked workers to avoid asking for big pay rises to control inflation, which officials expect to hit 7.25% in April thetimes.co.uk/article/cost-o…
The central bank raised interest rates to 0.5% yesterday in its first back-to-back rate rise since 2004 in an attempt to get a grip on soaring prices thetimes.co.uk/article/bank-o…
Officials said inflation, which is already at 5.4%, would peak higher than the 5% it predicted in November, when a simultaneous rise in energy prices, minimum wages and national insurance contributions comes into effect on April 1 thetimes.co.uk/article/briton…
When asked whether the Bank was implicitly asking workers not to demand big pay rises, Andrew Bailey, who has led the Bank since March 2020, told the BBC: “Broadly, yes”
While it will be “painful” for workers to accept prices would rise faster than wages, some moderation of wage rises is needed to prevent inflation becoming entrenched, he said
Meanwhile, the City has bet on two further interest rate rises by May, despite efforts by Bailey to warn markets not to get “carried away” thetimes.co.uk/article/city-b…
A 91.5% chance has been priced in that the central bank raises interest rates by another 0.25% at its next meeting on March 17, followed by a move to 1% in May
Read the full story here: thetimes.co.uk/article/cost-o…

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More from @thetimes

Feb 4
🔎 Investigation: British universities have accepted £240m from Chinese institutions – many with links to the military – amid fears the research could help Beijing build super weapons
thetimes.co.uk/article/britis…
The £240m includes:
📱£40m from Huawei, the telecommunications giant
✈️ £20m from other companies sanctioned by the US government for supplying the Chinese military with fighter jets, communications technology and missiles Image
The number of research collaborations between scientists in the UK and Chinese institutes with deep connections to the country’s defence forces has tripled to more than 1,000 in six years, a figure that lays bare the scale of cooperation with the hostile state
Read 11 tweets
Feb 4
In the Nineties, there was one photographer, @davidbenett, who was always in the right place, at the right time, writes @chedwardes
thetimes.co.uk/article/up-clo…
When Benett arrives to meet Edwardes, there are explosions of his name from all corners. “Dave! Dave!” a man waves vigorously, another pumps his hand, a woman blows a kiss. 💋

This is striking
For the early part of his 30-year career, it was Dave Benett calling the names, restrained by metal barriers, perhaps, or a bouncer’s arm.

🗣️ “Diana!” “Kate!” “Naomi!” “Liz!” The prize was a split-second glance, enough to “bang off a couple of frames”
Read 12 tweets
Feb 4
📺 Staying in tonight? Here's what to watch 👇
thetimes.co.uk/article/whats-…
1⃣ #Reacher on Amazon Prime Video
Arrested for a homicide he didn’t commit, Reacher sets out to find who really did the crime. Whoever’s behind it picked the wrong guy to take the fall because Reacher is almost super-human
thetimes.co.uk/article/reache…
2⃣ Suspicion on AppleTV+
One of the most acclaimed Isareli series of the past few years was False Flag; now here’s the American remake. Uma Thurman stars as a New York businesswoman whose son is kidnapped from an upmarket hotel
Read 7 tweets
Feb 4
In 2016, I had a minor experience at a dinner party that became a major life-changing event, writes @ALutkin.

I was 32 years old and I was single. My friends, in a friendly way, asked me that night, “So, what’s going on with your love life?”
thetimes.co.uk/article/single…
Nothing had been going on for quite some time. And I was pretty sure nothing ever would get going again. I voiced my deep suspicion that I might end up being alone for ever 🧍‍♀️
But their reaction quickly grew beyond annoyance. At that dinner party in New York, my friends argued with me. They insisted that I would eventually meet someone because everybody does.

They were trying to be encouraging Image
Read 12 tweets
Feb 4
🔺 JUST IN: A fifth adviser was reported to have quit Boris Johnson’s No 10 team this morning as a senior Conservative MP said the prime minister needs to shape up after the upheaval in Downing Street thetimes.co.uk/article/downin…
The prime minister has been left reeling by the departures of Munira Mirza, his head of policy, Dan Rosenfield, his chief of staff, Martin Reynolds, his principal private secretary, and Jack Doyle, his director of communications thetimes.co.uk/article/partys…
Elena Narozanski became the latest senior aide to leave No 10 this morning, according to ConservativeHome. Narozanski worked in the Downing Street policy unit alongside Mirza, one of Johnson’s closest allies
Read 10 tweets
Feb 3
The incompetent civil servant from The Thick of It has triumphed over some of Hollywood’s leading ladies in this year’s Bafta nominations thetimes.co.uk/article/bafta-…
Joanna Scanlan, who is best known for her role as Terri Coverley in the political satire, has been shortlisted in the leading actress category for her role as a white Muslim convert in the low-budget British film After Love thetimes.co.uk/article/after-…
Scanlan, 60, is joined by fellow British actress Emilia Jones in a six-strong shortlist that found no place for the Oscar-winners Olivia Colman, Frances McDormand and Nicole Kidman
Read 11 tweets

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