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Wednesday evening UK news briefing: Britain on brink of recession, warns OECD
2022-06-09 00:00:00.0     每日电讯报-英国新闻     原网页

       Evening briefing: Today's essential headlines

       PM's career 'barely begun' | Boris Johnson delivered a defiant message at Prime Minister's Questions to the Tory rebels who tried to oust him as he said "absolutely nothing and no one" will stop him from carrying on. Yet the moment of the session came from Ian Blackford, who compared the Prime Minister to Monty Python's Black Knight. Mr Johnson's future lies in the hands of the 1922 Committee who will decide whether he has year-long immunity from another confidence vote. Here are the members who back him – and those who do not. Mr Johnson has received at least one solid boost today, after he was officially inducted into Ukraine's Cossack community, as this image shows.

       Face masks | National rules on hospitals and GP surgeries scrapped Isle of Man TT | Wrong person identified as dead in crash Harvey Weinstein | Mogul facing two indecent assault charges in UK Ex-soldier | 'Neighbours murdered with ceremonial Army knife' New Zealand | Cow and sheep burps to be taxed in world first The big story: Britain on the brink of recession

       Hard times are ahead, which is partly why Rishi Sunak has been urged by an influential global think tank to consider tax cuts.

       The Organisation for Economic Cooperation and Development (OECD) has forecast that the UK is on track to grow more slowly than any major economy in the shadow of the war in Ukraine.

       It said the UK was more susceptible to "spill-over effects" from the conflict, including rising energy prices and supply chain disruption.

       The OECD added Mr Sunak should "consider slowing fiscal consolidation to support growth", in a reference to the combination of tax rises and spending restraint which Britain is undertaking to bring down borrowing.

       This graph shows how the OECD forecast leaves Britain on the brink of recession.

       It comes shortly after the Treasury was delivered sobering spending figures for the whole of May, showing retail sales suffered their biggest decline since January last year when a third lockdown took hold.

       To add to the woes, Ben Marlow warns that the last prop holding up the UK economy is starting to crack.

       One of the impacts felt most acutely by the British people has been the surge in fuel prices, as the cost of filling up a full tank of fuel hurtles towards £100.

       The cost of petrol increased by more than 2p in just 24 hours, as the average pump price hit 180.73p per litre yesterday, up from 178.50p on Monday, marking the biggest one-day increase in 17 years.

       The AA is clear on who it thinks is to blame for this runaway inflation.

       No, it is not Vladimir Putin or the Bank of England but its rival RAC, which it accused of "reckless speculation" on rising prices. Here is why.

       Rail strikes

       Not to worry, I hear you say, I will switch to public transport to avoid those pesky rising petrol prices.

       Well, that is not looking very appealing either, with more than 50,000 workers from National Rail and 13 other operators due to walk out on June 21, coinciding with a Tube strike in London, and another 40,000 union members to strike on June 23 and 25.

       Only a fifth of mainline rail services are expected to be running over the three-day strike period.

       These are the rail services that will be disrupted.

       Yet rail workers should perhaps be wary of the potential unwanted consequences of their action.

       A major study has found most Londoners believe they will never return to the office full-time.

       An aversion to rush-hour travelling was cited as the top reason. I wonder why?

       Covid rules to blame

       No bother, we can get away from Britain for a holiday and forget all those worries about the cost of living.

       Hmmm… about that. Britain has just suffered one of the worst weeks of travel chaos in living memory, when airports have nearly ground to a halt, hundreds of flights have been cancelled and thousands of holidays lost, ruined or delayed.

       The travel sector has just seven weeks to get its act together before the school holidays.

       Here are five things industry bosses need to fix now to avoid a summer of chaos.

       The chair of the transport select committee tried to shed some light on the struggles passengers have faced.

       Huw Merriman said coronavirus rules put in place by foreign countries are to blame for delays at major UK airports. Here are the regulations staff must enforce.

       Comment and analysis Jeremy Warner | PM needs sophisticated recipe to save the economy David Young | No Tory leader survives a confidence vote Tom Harris | Comparing Johnson to May is lazy and pointless Allison Pearson | The four days that made me proud to be British Judy Murray | My advice to Emma Raducanu - take time to mature Around the world: Car drives into Berlin crowd

       One person is dead and at least eight others injured after a car drove into a crowd of people then smashed through a shop window in western Berlin. The Renault vehicle is understood to have hit people next to the war-ravaged Gedaechtniskirche church, one of the city's best-known landmarks near Breitscheidplatz square, at around 10.30am. A 29-year-old man with German-Armenian dual citizenship, believed to be the driver, has been detained, Berlin Police said. The actor John Barrowman, who was at the scene at the time of the incident, said it was "really pretty bad". Pictures and video show the emergency services at the scene.

       Wednesday interview

       'My blue socks were too much for English cricket's stuffy top brass'

       Speaking on The Vaughany and Tuffers Cricket Club podcast, David Gower discusses his sock game and relaxed demeanour

       Listen to the interview

       Sport briefing: DeChambeau and Reed join rebel tour

       Bryson DeChambeau and Patrick Reed will be announced imminently as the latest big-name players to sign up with the Saudi rebel golf circuit. In news that will further stun the sport, the two controversial Americans have already agreed multi-million dollar deals to join the £200 million LIV Golf Series, the Telegraph understands. The breakaway circuit, that begins here at the Centurion Club on Thursday, will unveil the captures before the end of this 54-hole tournament and it is also understood that Rickie Fowler is close to being confirmed. Here are the details. Also, read why Liverpool want to make Darwin Nunez their record signing.

       Editor's choice Not all sunshine | Don't hate me, but having a holiday home in Spain can be hell Moral Money | 'Do I have to pay if a neighbour billed us for baking cakes for our street party?' Texas-born royal | The princess battling to keep a €300m roof over her head Business briefing: Euan Blair worth £337m

       Sir Tony Blair's son has an estimated paper fortune of £337m after his Multiverse start-up secured fresh investments that pushed its value over £1bn for the first time. The Google-backed education technology start-up has secured a $220m (£176m) investment to expand into the US operations, Multiverse said this morning. With Mr Blair owning at least 25pc of the company, its new valuation of $1.7bn means his shareholding is worth a minimum of £337m. Someone with less cheerful financial news today is Elon Musk, who risks having to find $33.5bn (£26.8m) in cash to fund his Twitter takeover after he spooked financiers.

       Tonight starts now

       Cinema trip | The belated sequel to 1986's Top Gun has overtaken both Doctor Strange in the Multiverse of Madness and The Batman to become the biggest box office hit of 2022 in the UK and Ireland. Top Gun: Maverick is already substantially Tom Cruise's biggest-ever film in the territory, having sped past his previous biggest, War of the Worlds. Charles Gant analyses why it is still absolutely flying at the box office. Also returning to cinemas this week is one of the under-rated entries in the Bond canon. Roger Moore's second 007 film tanked at the box office but Tom Fordy looks at the many ways how Christopher Lee made The Man With the Golden Gun an example of 24-carat Bond villainy.

       Three things for you Watch | How to Catch a Cat Killer, ITV, 9pm, plus tonight's listings Cruises | I was wrong – there's a reason 'old people' travel this way PlusWord | Try the Telegraph's exciting new game for free And finally... for this evening's downtime

       John Lloyd exclusive interview | Britain's former tennis No 1 says players may make more money today, but he doubts they have as much fun as his generation did in the Seventies and Eighties. John Lloyd told Oliver Brown about his pal Donald Trump, secret dates with Chris Evert and how Adam Faith broke his heart.

       If you want to receive twice-daily briefings like this by email, sign up to the Front Page newsletter here . For two-minute audio updates, try The Briefing - on podcasts, smart speakers and WhatsApp.

       


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关键词: Evening briefing     £337m     Multiverse     Britain     prices     start-up     Sunak    
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