Pound slides; former BOE chief Carney accuses government of ‘undercutting’ Bank – business live
by Julia Kollewe on September 29, 2022 at 7:24 am
Carney says government ‘working at cross-purposes with the Bank’
Chris Philp, the chancellor’s no 2 at the Treasury, is on radio 4’s Today programme.
If we can get economic growth going, which is our intention, it will lead to wages going up and lead to new and better jobs being created and will ultimately pay the taxes that fund public services like health, the NHS and so on.
In the last six to nine months we’ve seen global markets suffer a lot of volatility, we’ve seen huge dollar strength against the euro, yen and sterling. We’ve seen interest rates rise across the globe and in fact interest rates in other countries like the USA have increased by more than here.
This is not the only country where there’s been volatility. The Bank of Japan a few days ago had to intervene exceptionally in the yen-dollar market. But what people should be assured about, is that if intervention is needed to protect their family finances this is a government and an independent Bank of England that will do that.
That was one twentieth, less than 5% of total fiscal measures.
The tax measures were designed to make us internationally competitive.Continue reading...
Russia-Ukraine war live: new leak found on Nord Stream pipelines as pressure grows to declare Russia ‘terrorist state’
by Martin Belam (now) and Rebecca Ratcliffe (earlier) on September 29, 2022 at 7:24 am
Swedish coast guard find fourth leak; Russia has reached legal definition of ‘terrorist state’ under US law, say international experts
Denmark’s foreign minister, Jeppe Kofod, has said that “intentional” explosions caused the leaks in the Nord Stream pipelines, and that it was an “unprecedented” attack.
He told viewers of Sky News in the UK:
It’s clear we all need to be very aware of our critical infrastructure, when it comes to energy and other infrastructure, so we all take, I think, the right precautionary steps. Because it is unprecedented, as I’ve said, we haven’t seen that type of attack on on infrastructure.
It has been clear for us for a long time in Denmark, and also now for the rest of Europe, that we need to get out of any dependence on Russian energy, whether it’s gas, coal or oil, and we’re working very hard to obtain that objective in Europe.
Denmark is doing its part, where we will focus a lot in investing massively in renewable energy, not least the offshore wind and other type of renewables, and also energy efficiency. So that is a course we will not change.”
I think we should be very concerned. Listening to Polish and Danish ministers they do suspect this was an act of Russian terrorism, and that it’s another threat from the Kremlin to Europe’s energy supplies.
But we need to stand bold against Russia supporting Ukraine.
I personally think it’s likely that Nord Stream may never reopen, and therefore the energy policy of Europe, of our country, working with our European colleagues, needs to assume that we need to get off Russian energy as fast as possible.
That will be good for our security.Continue reading...
NFL early season surprises: the Jags are good, Hurts’ MVP bid and broken Bucs
by Oliver Connolly on September 29, 2022 at 7:15 am
We’re only three weeks into the 2022 campaign but the league has already thrown up some unexpected twists
Doug Pederson deserves a ton of credit for Jacksonville’s turnaround. He’s installed an imaginative yet simple offense that has helped unlock the potential of Trevor Lawrence. But while Pederson and Lawrence have drawn the early-season acclaim, it’s Jacksonville’s defense that stands out.Continue reading...
My least favourite game: our writers pick out their worst football matches
by Guardian sport on September 29, 2022 at 7:00 am
A trip to the football can create lifelong memories – here are the games our writers remember for all the wrong reasons
The last train back from Hull to London leaves at about 6.20pm. Sitting in the KC Stadium media lounge on a chilly night, I was unaware of this. And so, despite a headlong dash to the station, I missed it. This was an age before hotels had been invented, and in any case I was new to this business and unwilling to test the company expense account. So I took a train to Doncaster, marched straight to the bus station, and waited. And waited some more. Until 4am in fact, when a National Express coach to London finally rolled in. I finally arrived home at 9am. The game? Hull 0-0 Blackburn. Phil Brown moaned about the referee. Sam Allardyce chastised one of his players for not going down in the area. I wrote 300 words. It’s a ridiculous job, really. Jonathan LiewContinue reading...
Paramore: ‘We realised this band isn’t worth risking our health for’
by Laura Snapes on September 29, 2022 at 7:00 am
One of the most influential bands of their generation, the pop-punk pioneers were nearly torn apart by infighting and industry sexism. Now, after four years of self-reflection, they’re back – and ready to respond to a ‘crazy’ moment for the US
The three members of Paramore are feeling their age. Recently, they shot a video for their comeback single, This Is Why, and the jagged, brash song wreaked havoc on their joints. “It’s not even a performance-heavy video and I’m still sore,” says frontwoman Hayley Williams, 33. As they appear over Zoom from their period Los Angeles rental one September morning, the band are on the brink of their first proper day back at work in four years. Straight after we speak, they start rehearsals for their October tour. They have “twentysomething days” to go, estimates Williams, her peachy hair covered by a cap that says “All in a dream”. “I’m terrified!” They’re limbering up: drummer Zac Farro, 32, whose bold moustache contrasts with his endearing shyness, has been hammering the band’s heaviest songs. Williams nods towards the corner: “We busted out the mini trampoline.”
Cardio is one thing, but the best preparation Paramore made for their sixth album, also called This Is Why, was to abandon the group altogether. Band life was all they had known since forming as preteens in Tennessee 20 years ago. They fast became Grammy-winning emo superstars and one of the most influential bands of their generation: their euphoric, angsty pop-punk sound is thriving among artists like Willow Smith and Meet Me at the Altar, and a generation of disparate musicians from Soccer Mommy to Grimes and Lil Uzi Vert grew up idolising Williams, a lightning bolt in a fiercely misogynist scene.Continue reading...
Pakistan home series is a triumph but what they really need is to play India | Andy Bull
by Andy Bull on September 29, 2022 at 7:00 am
High security for England’s tour is costing the PCB which is the only board denied huge TV revenues generated by facing India
You may have noticed that there are side-effects to watching England’s series against Pakistan. Some are obvious, like a nascent infatuation with Harry Brook’s inside-out drives. Others, though, are less so. You may experience a nagging urge to switch to Sensodyne toothpaste “because life’s too short for sensitive teeth”, drink Tapal Tea, “it makes teatime terrific”, or start using Osaka Tubular Deep Cycle Premium Batteries. You may even find yourself overcome with inexplicable curiosity about the latest Dawlance Power Wash Challenge, in which members of the public compete on rowing machines to win a washing machine.
It’s easy to snigger at all this, the intermittent cutaways to approved toothpaste users gleefully biting into ice lollies in the stands, and drinkers mugging for the cameras over a steaming cup of the Pakistan Cricket Board’s official tea in the little wooden pavilion by the boundary. To be honest the joke gets even better when you see how some of the commentators who are contractually obliged to deliver these spiels feel about doing it (“Always good to see Waqar,” Mark Butcher tweeted under a photo of the two of them, “here we are, cooking up some more ads for toothpaste.”) But there’s something quietly interesting going on behind all this commercialism.Continue reading...
Go with the flow: the artists changing the face of movement on film
by Skye Sherwin on September 29, 2022 at 7:00 am
A new exhibition of video art encompasses sign language kung fu, caregiving as choreography and the fluidity of gender and tradition
Movement-focused film in art galleries doesn’t usually mean cool fight scene choreography or toe-tapping beats. Historical benchmarks – for example 1960s and 70s mavericks such as Bruce Nauman pacing his studio on camera, or the Judson Dance Theater’s studies of dance in daily life – typically have stark aesthetics and cerebral appeal. The exuberant works in the Whitechapel Gallery’s upcoming exhibition Moving Bodies, Moving Images, then, are doing something new. “It’s often very cinematic,” says curator Lydia Yee of films that include dazzling drag artists, human-plant hybrids and girls with superpowers performing stylised martial arts.
One striking example is Hetain Patel’s superhero riff Trinity, in which a young British Indian woman channels ancestral voices to develop special powers: a forgotten means of communication blending kathak dance and kung fu. Co-written with Louise Stern, who is deaf, the project came partly, the Bolton-born Patel says, from feelings of being misunderstood, not least “having grown up being misjudged by my appearance – realising my body speaks in ways I have no control over, like the colour of my skin”.Continue reading...
Heat deaths, scorched trees and civil unrest: life on the climate frontline in 2022
by Gabrielle Canon, Nina Lakhani and Damien Gayle on September 29, 2022 at 7:00 am
Three Guardian reporters, based in different corners of the globe, share what they have learned while reporting the climate disaster
When activists from Extinction Rebellion towed a pink boat into Oxford Circus, in the heart of London’s busiest shopping area, and locked themselves to it, they changed the face of climate protest.Continue reading...