5 Things You Need To Know (9/11/17)
Welcome to our daily update, where we summarise the key talking points from the last 24 hours.
1. Patel out, Mordaunt in
Penny Mordaunt has replaced Priti Patel as International Development Secretary, following Patel’s resignation over unauthorised meetings she had with Israeli officials.
Prime Minister Theresa May accepted Patel’s resignation, stating “it is right that you have decided to resign and adhere to the high standards of transparency.”
Patel’s resignation is just a week removed from Michael Fallon’s resignation as defence secretary.
2. Trump China deals
US President Donald Trump and Chinese President Xi Jinping have announced $250 billion in deals between their two countries.
The two men met as part of Trump’s Asia tour, with the US President has tweeted to say “In the coming months and years ahead I look forward to building an even STRONGER relationship between the United States and China.”
3. Terror referrals
There were 7,631 referrals to the UK’s terror prevention programme in 2015-16, with a quarter of those referrals being under 15s. In one instance, a nine year old boy was referred to the programme after he told his class that he supported Islamic State.
4. “UK through the worst”
Mike Coupe, the Chief Executive of Sainsburys, has told the BBC that the UK is probably through the worst of the weaker pound fuelling inflation.
“We’re probably through the worst, if the truth be told, and actually even today’s prices are about the same as they were two years ago,” he said.
5. Interest rates
Learn more about last week’s interest rates news and how it could affect you, watch Chris Leyland, Deputy Chief Investment Officer at True Potential Investor, explain what you need to know.