BoE predicts budget measures will lower inflation, and denies uncertainty caused unusual bond market volatility – as it happened

Senior members of the Bank of England are appearing before the Treasury committee now.MPs will hear from deputy governors Clare Lombardelli and Sir Dave Ramsden, as well as two external members of the Monetary Policy Committee – Swati Dhingra and Catherine Mann.The quartet are without governor Andrew Bailey, who isn’t available due to “an unavoidable international commitment”.They will discuss the Bank’s decision to maintain interest rates at 4% in November, and also its latest Monetary Policy Report.Time to recap

Moonpig’s use of AI to design and personalise cards drives up sales

The online card service Moonpig has reported a bump in sales thanks in part to its increased use of AI to help design cards, personalise customers’ messages and answer queries.The company said sales rose 6.7% to £169m in the six months to 31 October and had remained strong in the weeks since then, largely as a result of increased orders and spend per order at its main Moonpig brand.“AI is now designing a lot of cards for us,” said its chief executive, Nickyl Raithatha. He said technology had helped create everything from baby and birthday cards to corporate greetings linked to a particular business

Home movers in Great Britain could get just £30 of energy use without account

Consumers in Great Britain moving to a new home will have about two weeks to set up an energy account before their lights go out, under plans to cut growing gas and electricity debt.Energy meters could soon be remotely switched to prepayment mode when the previous resident moves out, under proposals put forward by the industry regulator, leaving the next resident £30 of credit to settle into their home.However, once this amount has been used, which on average would take about a fortnight, they would be left in the dark unless they had set up a new account with an energy supplier.The plan to nudge households to set up their accounts sooner is part of an attempt by the regulator, Ofgem, to tackle Britain’s record energy debt, which has climbed to almost £4.5bn, or more than twice as high as it was before the energy crisis

Western carmakers ‘in fight for lives’ against Chinese rivals, says Ford boss

The boss of Ford has said western carmakers are “in a fight for our lives” against Chinese competition as the US manufacturer agreed a new partnership with France’s Renault.The two companies said on Tuesday that they would work together on two smaller electric cars, with the first to go on sale as soon as early 2028. They will also look at producing vans together.“We know we’re in a fight for our lives in our industry,” Jim Farley told journalists in Paris. “There is no better example than here in Europe

‘Bring it on!’: growing support in England for four-day week in schools

“A wonderful idea”, “Bring it on!”, “Yes!”, “Brilliant!”, “Absolutely”. If enthusiasm were all it took to change policy, a four-day week in England’s schools would be all but guaranteed.A Guardian report this week saying that the 4 Day Week Foundation has urged the government to pilot a four-day working week in schools in England and Wales to boost teacher wellbeing and recruitment attracted hundreds of thousands of readers.Teachers and parents responding to a subsequent Guardian callout were overwhelmingly supportive, though many were unsure about the logistics.Jo Hopkins, a 55-year-old London development director and mother of 11-year-old twins, liked the idea of a four-day week for pupils

UK fraud prevention ‘still lacking’ after Covid-related scams and errors cost £11bn

Ministers have been warned that fraud prevention efforts are falling short across government, as a major Covid report found that fraud and errors had resulted in a £10.9bn loss to UK taxpayers during the pandemic.The report, by the independent Covid counter-fraud commissioner Tom Hayhoe, found that government schemes designed to support struggling businesses and their staff were rolled out at speed with no early safeguards, resulting in huge fraud risks that cost the public purse.Weak accountability, bad quality data and poor contracting were the main failures behind the £10.9bn loss, but Hayhoe also concluded that fraud prevention was “insufficiently embedded in thinking and practice across government”

Britons face higher chocolate prices but average cost of Christmas dinner falls

The festive season may be less merry for those with a sweet tooth this year, as the price of chocolate has risen by nearly a fifth, according to research.Chocolate prices in Great Britain rose 18.4% on a year earlier in November, analysts at the market research firm Worldpanel found.However, the study showed the average cost of a Christmas dinner for four people has fallen by a penny to £32.46

Australia is facing its shortest rate cut cycle in 30 years as the RBA hints it may have to start hiking

The Reserve Bank’s governor, Michele Bullock, has effectively ruled out further rate cuts and flagged that hikes may be needed in 2026 if the recent inflationary rebound proves persistent.Speaking at a press conference after the widely expected decision to hold the cash rate at 3.6%, Bullock seemed surprisingly upbeat as she delivered the bad news to the roughly 3.3 million households with a mortgage.“I would say at this moment that, given what’s happening with underlying momentum in the economy, it does look like additional cuts are not needed

UK households cut spending at fastest pace in almost five years, says Barclays

UK households cut back on spending at the fastest pace in almost five years last month as consumers put Christmas shopping on hold, according to a leading survey.Adding to concerns that uncertainty surrounding the budget has helped dampen consumer confidence, Barclays said card spending fell 1.1% year on year in November – the largest fall since February 2021.The bank said retailers still enjoyed their busiest day of the year so far on Black Friday, with transaction volumes 62.5% higher than the average day for 2025

Great British Railways flies the flag as logo goes back to the future

No matter how much train fares cost under Great British Railways, no one can accuse the government of wasting money on an expensive redesign.The logo, branding and livery for the impending renationalised and reformed railway will be unveiled by ministers at London Bridge on Tuesday. It is red, white and, yes, blue.The Department for Transport said passengers will get their “first look at the future” of Britain’s railways – a future that may ring a few bells. Designed in-house at the DfT, the logo is the GBR name in rail typeface accompanied by the double arrow symbol – what the DfT describes as a “nod to Britain’s proud railway heritage”, rather than a direct lift from British Rail

Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now?

Warner Bros Discovery, the entertainment giant behind the storied Hollywood movie studios, HBO, CNN and an array of other media businesses, is at the center of one of the most of extraordinary corporate takeover fights in recent memory.After Netflix unveiled a $82.7bn deal on Friday to acquire WBD’s studio and HBO, David Ellison, CEO of Paramount Skydance and son of the tech billionaire Larry, announced a rival $108.4bn hostile bid to take over the entire company.Here’s what we know so far – and what could happen next

Paramount launches $108.4bn hostile bid for Warner Bros Discovery

David Ellison’s Paramount Skydance is not giving up in its aggressive campaign to acquire Warner Bros Discovery (WBD), launching a hostile bid for the entertainment company despite the announcement on Friday that Netflix had agreed to buy its studio and streaming operation.Netflix’s bid for WBD’s storied Hollywood movie studio, as well as its premier HBO cable network, valued the company at $82.7bn. But it did not agree to acquire WBD’s traditional television assets, including the news network CNN and the Discovery channel.Paramount’s all-cash tender offer sent directly to shareholders on Monday morning would be for the entire company, and puts a total enterprise value of $108

The ultimate unsung superfood: 17 delicious ways with cabbage – from kimchi to pasta to peanut butter noodles

Over the last 50 years, cabbage consumption in Britain has declined 80%. But it’s versatile, full of vitamins, and perfect on a winter night. Here’s how to make the most of itIt’s not good news: despite a lot of messaging about healthy eating, Britons consume 12% less vegetables per week than they did in 1974, when the government’s Family Food survey began. And while the consumption of some specific vegetables – courgettes, say – has risen over the past 50 years, others have experienced a sharp decline. Among the biggest losers is cabbage

Christmas dinner in a restaurant or kitchen carnage at home?

Christmas dinner? At home or in a restaurant? It’s at this juncture of the year, with Christmas dinner hurtling towards us, that you may well find yourself muttering: “Well, we could always go out!” Who could blame any home cook for wanting to shove this great burden on to someone else’s back, especially since every culinary TV show, magazine article and advertising break since mid-November has hammered home what a colossal faff Christmas dinner actually is. No, it’s not just a slightly posh Sunday roast with a few more guests.Christmas dinner in the UK these days is more like a cross between dinner at Balmoral and 4 July at Mar-a-Lago. The table has to be heaving with holly-embossed crockery, the carrots must be bejewelled in star anise and Himalayan pink pepper, the turkey has to be brined in aromatic salt water and your roasties shaken in polenta and smothered in duck fat. If you’re the designated martyr organising proceedings, field-marshalling everything and cooking this tinsel-strewn palaver, it is common to try instead to divert it all to the local pub, where they’re doing “turkey and all the trimmings” for £79 a head (and including a cracker and a pre-dinner “glass of something sparkly”)

Christmas mixers: Thomasina Miers’ recipes for fire cider and spiced cocktail syrup

Despite being known for shaking a cocktail on Instagram now and again, very little will induce me to last-minute cocktailery if I am entertaining a serious number of guests. However, a good drinks recipe that you can prep in advance is a lovely thing to dazzle your friends with and to gift over Christmas. With or without alcohol, this pair look good and taste delicious, and should help everyone ease into the December festivities.This makes a delicious base to which you can add soda, juice, tonic or any other mixer for a thirst-quenching and delicious alternative to an alcoholic drink in the evening. Prep 15 minInfuse 1 week+ Makes 500ml bottleFor the fire cider2 jalapeños, finely sliced seeds and all1 large thumb of ginger, peeled and finely sliced2 branches fresh rosemary1 cinnamon stick3 heaped tbsp honey2 garlic cloves, peeled1 thumb turmeric, peeled and finely sliced (optional)350ml apple cider vinegarFor the cranberry fizz (serves 1)30ml fire cider 75ml cranberry juice1 wedge of orange Sparkling water, to topMix all the ingredients for the fire cider in a sterilised 500ml jar, then put in the fridge for at least week, and preferably three to extract the most goodness from the ingredients

Jamie Oliver to relaunch Italian restaurant chain in UK six years after collapse

Jamie Oliver is to revive his Jamie’s Italian restaurant chain in the UK, more than six years after the celebrity chef’s brand collapsed.Jamie’s Italian is poised to be relaunched in the spring, starting with a restaurant in London’s Leicester Square.Oliver’s return to the UK restaurant scene is being backed by Brava Hospitality Group – the private equity-backed group that runs the Prezzo chain – which intends to relaunch the brand across the UK.“As a chef, having the chance to return to the high street is incredibly important to me,” he said. “I will drive the menus, make sure the sourcing is right, the staff training, and ensure the look and feel of the restaurant is brought to life in the right way

Maximum protein, minimal carbs: why gym bros are flocking to Australia’s charcoal chicken shops

From El Jannah’s webpage dedicated to ‘health-conscious individuals’ to Habibi Chicken’s ‘Gym Bro’ pack, businesses are catering to the post-leg day crowdGet our weekend culture and lifestyle emailPopularised in Australia by Balkan and Lebanese immigrants, charcoal chicken has long been part of our comfort-food canon. But recently, the humble chicken shop has had a renaissance – driven by fresh takes on the classics, the expansion of longstanding chains and a surge of protein-conscious gym goers.In June, charcoal chicken chain El Jannah, which has more than 50 stores, launched a page on its website dedicated to protein and macros – complete with recommendations for the best post-leg day order – a clear nod to the fitness crowd.In Wagga Wagga, Habibi Chicken has a “Gym Bro” pack – a half or quarter chicken, tabbouleh, pita and toum, no chips. Co-owner Mariam Rehman says it’s a top seller, designed to maximise protein and reduce carbs

Helen Goh’s recipe for edible Christmas baubles | The sweet spot

These edible baubles make a joyful addition to the Christmas table or tree. Soft, chewy, marshmallow-coated Rice Krispies are studded with pistachios and cranberries, chocolate and ginger, or peppermint candy cane; they’re as fun to make as they are to eat, and they make a perfect little gift. To add a ribbon for hanging, cut small lengths of ribbon, then loop and knot the ends. Push the knotted end gently into the top of each ball while it’s still pliable, then reshape around it, so it holds the knot securely as it sets. Alternatively, wrap each bauble in cellophane, then gather at the top and tie with a ribbon, leaving a long loop for hanging

A gentle trade in edible gifts binds communities together

A guest at our restaurant recently told me about her mother’s seasonal side hustle, though no one would have dared call it that out loud: in the weeks before Christmas, she became a quiet merchant of puddings. The proper kind of pudding, too: all dense but not leaden, heavy with prunes and warm with careful spicing.As December crept in, forgotten cousins and semi-estranged uncles seemed to find reasons to drop by her place. She never advertised the fact, of course, but everyone knew that if you came bearing even a modest offering, you might just leave with a pudding wrapped in waxed paper and still warm with possibility. The exchanges were subtle

Chocolate tart and zabaglione: Angela Hartnett’s easy make-ahead Christmas desserts – recipes

When you’re the cook of the house, you spend quite enough time in the kitchen on Christmas Day as it is. And, after those time-consuming nibbles, the smoked salmon starter and the turkey-with-all-the-trimmings main event, the last thing you want is a pudding that demands even more hands-on time at the culinary coalface. For me, the main requirement of any Christmas dessert is that it can be made well in advance, not least because, by the time the pudding stage comes around, I’ll be completely knackered and more than ready to put up my feet and finally relax (or, more likely, fall asleep on the sofa).Prep 15 minRest 3 hr+Cook 40 minServes 6-8For the sweet pastry500g plain flour, plus extra for dusting 150g caster sugar 250g cold butter, diced2-3 eggs, lightly beatenFor the filling640g 70%-cocoa dark chocolate, broken into small pieces800ml double cream 64g glucose syrup 64g cold butter, cubed 100g roasted hazelnuts, lightly choppedPut the flour and sugar in a large bowl, stir to combine, then add the diced butter and work it in with your fingertips until the mix takes on the consistency of rough breadcrumbs. Add two of the beaten eggs, then mix until the dough comes together into a ball; if need be, add the third beaten egg, but take great care not to overwork the dough

I called my recipe book Sabzi – vegetables. But the name was trademarked. And my legal ordeal began

Vegetables, in my experience, rarely cause controversy. Yet last month I found myself in the middle of a legal storm over who gets to own the word sabzi – the Hindi, Urdu, Punjabi, Persian, Dari and Pashto word for cooked veg or fresh greens. It was a story as absurd as it was stressful, a chain of delis threatened me with legal action over the title of a book I had spent years creating. But what began as a personal legal headache soon morphed into something bigger, a story about how power and privilege still dominate conversations about cultural ownership in the UK.When the email first landed in my inbox, I assumed it must be a wind-up

Goodbye avocado, hello ssamjang: here is the new posh nosh

Name: Posh nosh.Age: We’re talking new food trends here, so – new.Avocado? Hummus? Old news, keep up!Who with? The Joneses? Only if you make that “with whom”, and if the Joneses shop at Waitrose. Every year the famously upmarket supermarket publishes a report that gives some indication of middle-class eating trends.And? No one’s talking about avocados or hummus any more

Choice taste test: the best Australian supermarket Christmas ham is also ‘one of the cheapest’

Consumer advocacy group Choice has found when it comes to supermarket Christmas hams, pork price is not necessarily an indicator of quality.In a blind taste test of 12 Christmas hams from Aldi, Coles, IGA and Woolworths, the best and worst-ranked pork products retail at almost identical prices.The best-scoring product was the Coles Christmas Beechwood Smoked Half Leg Ham, with a price per unit of $8/kg. Judges awarded it a score of 80% and described it as a “good overall ham” for its “mild but pleasant” aroma with “a nice balance between sweet and smoky flavours”.The worst-performing product, the Aldi Festive Selection Australian Half Leg Ham On-The-Bone, is similarly priced at $7

How to turn excess nuts and seeds into a barnstoming festive pudding – recipe | Waste not

Last Christmas we visited my in-laws in Cape Town, where, at over 30C, a traditional Christmas pudding just didn’t feel quite right. But my mother-in-law and her friend created the most delicious feast: a South African braai (barbecue) followed by an incredible ice-cream Christmas pudding made by mashing vanilla ice-cream with a mix of tutti frutti, candied peel, raisins and cherries. This semifreddo is a take on that dessert: a light frozen custard that still carries all the festive flavours.Tutti frutti semifreddo Christmas puddingWe stopped using clingfilm in our kitchen 15 years ago now, because it’s not easily recycled and because of health concerns about the possible transfer of microplastics into our food. Most semifreddo recipes tell you to line the freezer container with clingfilm, but I suggest using no liner at all, or silicone-free, unbleached baking paper instead