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Sep 3
Britain warned it's in 'deeply uncomfortable' fiscal position ahead of 'challenging' budget

Rising oil prices as a result of renewed hostilities in the Iran war, and fears of further escalation in the conflict, have sustained pressure on bond yields, which are effectively the interest rate in the markets. In the UK, the yield on 10-year gilts stretched to 5.24% from 5.22% on Tuesday, while the 30-year hit 5.87%, up from 5.85%. And the trend could quickly trickle down into Britain's mortgage market, reports the Sky News Money blog, thrusting more pressure upon household finances. Politics Hub: Follow the latest Kathleen Brooks, research director at XTB, painted a grim picture of the country's fiscal position, describing it as "deeply uncomfortable". She said: "Added to this, the interest rate futures market is pricing in more than three rate hikes between now and July, which could add significant pain to households. "The first hike could be in November, with UK interest rates expected to reach 4.26% by February next year." A 'major challenge' for PM The surge in borrowing costs comes just weeks before Chancellor John Healey is due to deliver his first budget and could have implications on Andy Burnham's spending plans. The prime minister has made clear his intentions to spend big on priorities such as the cost of living and defence; however, Ms Brooks said the rise in bond yields poses a "major challenge" for the government. "Every basis point increase in the cost of borrowing in the UK adds to debt servicing costs, which need to be paid by the public purse," she said. "Since the spring, the UK's interest-only bill has risen by up to £6bn by the end of this parliament. This is a large hole for the chancellor to fill next month." The budget is due to be delivered on 28 October. Burnham won't rule out tax rises At his first PMQs as prime minister on Wednesday, Mr Burnham refused to rule out future tax rises to help fund his pledges. Pushed by Conservative leader Kemi Badenoch on his plans, he said: "I've already indicated my first moves were to cut tax, but I'm not going to do what any prime minister has done and write the budget here. "I can also say to her that he [Chancellor John Healey] and I took a deliberate decision to set an early date for the budget so that we reduce the period for prolonged speculation of the kind that she is wanting us to indulge in today." The PM did, however, commit to spending 3% of GDP on defence by 2030, saying: "I've made that commitment, made it very clear, and I have done for a considerable period of time." Read more from Sky News:British woman stabbed to death in PortugalSix police officers sacked after racism complaint 👉Listen to Politics At Sam And Anne's on your podcast app👈 Fiscal responsibility 'essential' Speaking to Sky's Cathy Newman Show on Wednesday, Bridget Phillipson, the Labour Party chair and minister for women and equalities, admitted that "global factors" were causing "significant economic headwinds". She insisted it was the government's responsibility to ensure the UK has a "strong economy from which we can invest in our public services". Ms Phillipson said: "John Healey has made very clear that our approach on fiscal discipline and having a budget that allows us to invest in our country's future, but does maintain credibility where it comes to investors, is critical for any government." She said that, ahead of the budget, she would not be "engaging in speculation" over possible tax rises, adding that the chancellor had been "clear that fiscal responsibility is essential" amid current "challenges".

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No Writer
Sep 2
Gary Glitter appears in court and denies historical child sexual abuse offences

The 82-year-old former pop star, whose real name is Paul Gadd, appeared at Southwark Crown Court on Wednesday via video link from HMP Channing Wood to enter his pleas. He denied four charges of indecent assault, two counts of indecency with a child, and two charges of sexual intercourse with a girl under the age of 13. The alleged offences occurred when the complainant, who cannot be identified for legal reasons, was aged eight to 11. The offences allegedly took place at Glitter's home address in Kensington and Chelsea, west London. Glitter is accused of committing the offences against the girl between 1978 and 1981, after allegedly giving her chocolate and inviting her to his home. According to the charges, Glitter is accused of at least 20 incidents of sexual abuse against the girl. Judge Tony Baumgartner, the Recorder of Westminster, remanded Glitter into custody and adjourned the case for a three-week trial starting on 27 November 2027. Read more from Sky News:Four charged with murder after death of newborn baby girl21 killed in bus crash in Egyptian area popular with tourists The Metropolitan Police previously said the allegations were first reported to the force in January last year and Glitter was interviewed in July 2025 in relation to the investigation. Glitter was one of the biggest stars of his time, selling 18 million records in five years in the early 1970s and enjoyed transatlantic success with hits including Rock And Roll (Parts One And Two), I'm The Leader Of The Gang (I Am), and Do You Wanna Touch Me. The glam era was short and, despite a series of comebacks, his final UK top 40 hit was in 1984 with Another Rock And Roll Christmas.

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No Writer
Sep 3
Britain warned it's in 'deeply uncomfortable' fiscal position ahead of 'challenging' budget

Rising oil prices as a result of renewed hostilities in the Iran war, and fears of further escalation in the conflict, have sustained pressure on bond yields, which are effectively the interest rate in the markets. In the UK, the yield on 10-year gilts stretched to 5.24% from 5.22% on Tuesday, while the 30-year hit 5.87%, up from 5.85%. And the trend could quickly trickle down into Britain's mortgage market, reports the Sky News Money blog, thrusting more pressure upon household finances. Politics Hub: Follow the latest Kathleen Brooks, research director at XTB, painted a grim picture of the country's fiscal position, describing it as "deeply uncomfortable". She said: "Added to this, the interest rate futures market is pricing in more than three rate hikes between now and July, which could add significant pain to households. "The first hike could be in November, with UK interest rates expected to reach 4.26% by February next year." A 'major challenge' for PM The surge in borrowing costs comes just weeks before Chancellor John Healey is due to deliver his first budget and could have implications on Andy Burnham's spending plans. The prime minister has made clear his intentions to spend big on priorities such as the cost of living and defence; however, Ms Brooks said the rise in bond yields poses a "major challenge" for the government. "Every basis point increase in the cost of borrowing in the UK adds to debt servicing costs, which need to be paid by the public purse," she said. "Since the spring, the UK's interest-only bill has risen by up to £6bn by the end of this parliament. This is a large hole for the chancellor to fill next month." The budget is due to be delivered on 28 October. Burnham won't rule out tax rises At his first PMQs as prime minister on Wednesday, Mr Burnham refused to rule out future tax rises to help fund his pledges. Pushed by Conservative leader Kemi Badenoch on his plans, he said: "I've already indicated my first moves were to cut tax, but I'm not going to do what any prime minister has done and write the budget here. "I can also say to her that he [Chancellor John Healey] and I took a deliberate decision to set an early date for the budget so that we reduce the period for prolonged speculation of the kind that she is wanting us to indulge in today." The PM did, however, commit to spending 3% of GDP on defence by 2030, saying: "I've made that commitment, made it very clear, and I have done for a considerable period of time." Read more from Sky News:British woman stabbed to death in PortugalSix police officers sacked after racism complaint 👉Listen to Politics At Sam And Anne's on your podcast app👈 Fiscal responsibility 'essential' Speaking to Sky's Cathy Newman Show on Wednesday, Bridget Phillipson, the Labour Party chair and minister for women and equalities, admitted that "global factors" were causing "significant economic headwinds". She insisted it was the government's responsibility to ensure the UK has a "strong economy from which we can invest in our public services". Ms Phillipson said: "John Healey has made very clear that our approach on fiscal discipline and having a budget that allows us to invest in our country's future, but does maintain credibility where it comes to investors, is critical for any government." She said that, ahead of the budget, she would not be "engaging in speculation" over possible tax rises, adding that the chancellor had been "clear that fiscal responsibility is essential" amid current "challenges".

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No Writer
Sep 2
Lando Norris reveals other 'opportunities' before signing new McLaren contract ahead of Italian Grand Prix

Norris, who has won the last two Formula 1 races, has been with McLaren since making his F1 debut in 2019 and says the contract was "probably the easiest contract I've had to sign". The 26-year-old admitted though, in a wide-ranging interview with Sky Sports F1's Martin Brundle which will air at this weekend's Italian Grand Prix, that there were other options. Lando Norris launches single-seater team LN4 Fusion ahead of 2027 debutItalian GP: Schedule and how to watch on Sky SportsF1 2026 standings | F1 2026 calendar | F1 Gossip ColumnDownload the Sky Sports app for expert analysis, best video & more📱Not got Sky? Latest Sky Sports deals or stream F1 with no contract 📺 "There was opportunity of course. But opportunity that is positive. There's opportunities to gamble at times," he said. "I'm a driver that personally I would take one or two tougher years over instant success - as I did a few years ago with McLaren. "As much as I want to win every single year, not everything is about I need to be with a team tomorrow that's going to win the next race and do this and do that." Norris pointed to the "strong" group of people at McLaren, led by team bosses Zak Brown and Andrea Stella, as a key reason to stay at the Woking-based outfit. He added: "A good amount of it is also am I just happy? I was happy to be with McLaren even when we weren't winning because I'm still in an amazing opportunity and I still get to do the job I love and travel and do all these things. So not everything to me is about ultimate performance. A lot of it and a big part of it is the people that I'm with. "Just the fact I feel I'm at home and I'm enjoying it. And that almost has enough control as saying 'I need to be with a team that is going to be performing and winning championships'." Would Norris ever join Ferrari? Norris is currently in great form after claiming pole position and the win at the last two Grands Prix in Hungary and the Netherlands to cut his deficit to championship leader Kimi Antonelli to 83 points. He has another good opportunity this Sunday as Antonelli will start at the back of the field due to grid penalties for exceeding his engine allocation. But, McLaren will still have the challenge of beating George Russell plus Ferrari's Lewis Hamilton and Charles Leclerc, who both have upgraded engines. Hamilton and Leclerc will have huge support from the Tifosi at Monza, which features the most iconic podium as it overlooks the main straight and thousands of fans post-race. Brundle pointed out Hamilton had previously stated he would stay at Mercedes before achieving his "dream" of joining Ferrari and asked if Norris would ever consider joining the Scuderia in the future. The McLaren driver said: "That's not something I want to think about for now. Since I was a kid, you always think of yourself in different positions. "My dream was always to be with McLaren. That's why I feel like I'm in a very fortunate position as I am. But you always want to experience the other side of things, whether that is Ferrari or other teams and Mercedes. "It's just human. I think that you want to experience what it's like to be in this position and that position. "Also, the history of other teams. The fact Lewis also went to Mercedes from McLaren and then to Ferrari, I think it's also pretty cool that you try different things and you experience different stuff. "It depends a little bit on what you want to achieve in your career. Do you want ultimate success every single year? Do you want to just experience what it's like to go to a different team and experience Ferrari or Mercedes? "For now, I'll say I'm not thinking of it. But ask me again at the end of 2030." Sky Sports F1's Italian GP live schedule Thursday September 31pm: Drivers' Press Conference4pm: Paddock Uncut Friday September 47.30am: F3 Practice8.55am: F2 Practice11am: Italian Grand Prix Practice One (session starts at 11.30pm)*12.55pm: F3 Qualifying1.50pm: F2 Qualifying2.35pm: Italian Grand Prix Practice Two (session starts at 3pm)4.15pm: The F1 Show5.20pm: Team Bosses' Press Conference Saturday September 58.25am: F3 Sprint11.15am: Italian Grand Prix Practice Three (session starts at 11:30am)1.10pm: F2 Sprint2.15pm: Italian Grand Prix Qualifying build-up3pm: ITALIAN GRAND PRIX QUALIFYING*5pm: Ted's Qualifying Notebook Sunday September 67.10am: F3 Feature Race8.40am: F2 Feature Race10.40am: Porsche Supercup Race12.30pm: Grand Prix Sunday: Italian GP build-up2pm: THE ITALIAN GRAND PRIX4pm: Chequered Flag: Italian GP reaction5pm: Ted's Notebook *also on Sky Sports Main Event Formula 1 heads to Monza for Ferrari's home race at the Italian Grand Prix this weekend, live on Sky Sports F1. Stream Sky Sports with NOW - no contract, cancel anytime

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No Writer
Sep 3
El Nino weather phenomenon will be 'exceptional' and last until February, say forecasters

The naturally occurring phenomenon describes the unusual warming of the Pacific Ocean and normally takes place irregularly every two to seven years and lasts nine to 12 months. But this year's has been forecast to be "exceptional" - having been "supersized" - emphasizing the need for climate action, according to the UN chief. A very strong El Nino can significantly shift rainfall and temperature patterns worldwide and fuel extreme weather. The current climate pattern is already firmly established and is expected to strengthen over the next few months, fuelled by exceptionally warm ocean conditions across the tropical Pacific, the World Meteorological Organisation (WMO) said in an update on Thursday. The body expects El Nino to peak towards the end of this year, though the climate impacts will continue well into next year. Some scientists believe El Nino may have fuelled some of the extreme weather seen across Europe in recent years, with a paper in Nature in July linking the phenomenon with wildfires on the continent in 2025. "This exceptional El Nino demands exceptional preparation and response," said WMO Secretary-General Celeste Saulo. She warned that the climate pattern "has the potential to deliver a massive blow to communities and economies across the world". "We are already seeing disruption and devastation from droughts and floods, and we expect these impacts to increase as El Nino intensifies," she added. UN Secretary-General António Guterres said: "El Nino is being supersized before our eyes. The science leaves no room for doubt: the planet is in uncharted waters, and those waters are heating up. "Sea surface temperatures are rising, temperatures keep climbing, and the world is in the danger zone of extreme weather. The race now is between rising risks and our commitment to take climate action and protect people. We must win that race." What is El Nino? The natural phenomenon describes the unusual warming of the central and eastern tropical Pacific Ocean. It is associated with widespread changes in the climate. It is part of a larger, irregular climate cycle called the El Nino-Southern Oscillation (ENSO), which includes a cooling phase, La Nina, and a neutral phase, researchers said. It increases the risk of drier conditions in parts of Indonesia, Australia, India and central and equatorial South America, while wetter conditions are likely in some other regions of South America and the southern United States. A warming in the Pacific alters atmospheric circulation, including the position of the jet stream and the distribution of tropical rainfall - and these changes can shift storm tracks and influence temperature and rainfall thousands of miles away. What effects could a strong El Nino have? The effects of El Nino are already being felt in parts of the world. On Wednesday, an official from Indonesia's palm oil association GAPKI warned that the country's output of palm oil would be lower than expected due to prolonged dry conditions linked to the El Nino weather pattern. For the UK, the Met Office expects El Nino to increase the chances of wetter, stormier conditions in autumn and early winter. Read more from Sky News:Four people charged with murder after death of baby girlTiger Woods gets driving ban and fine That will all change in summer, however, as El Nino events also drive an increase in global average temperature, something that Dr Nick Dunstone says means "2027 is very likely to replace 2024 as the warmest year on record". Professor Adam Scaife, head of long-range forecasting at the Met Office, said this year's El Nino was "an unprecedented event". He added that: "I have never seen an El Nino signal this intense in our forecasts... if the forecast is accurate - and other forecast systems show similar extreme values - then 2026 will far exceed our recent experience of El Nino and its worldwide climate influences."

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No Writer
Sep 2
Sky News launches new Sunday morning current affairs programme

Sunday Morning With... launches this weekend and will feature a different host each week, starting with: • 6 September - Jon Sopel, journalist, broadcaster and co-presenter of The News Agents• 13 September - Rachel Johnson, broadcaster, author and LBC Presenter• 20 September - Kamal Ahmed, broadcaster and executive editorial director for Europe at Fortune• 27 September - Kate McCann, political journalist and Times Radio Breakfast presenter• 4 October - Helen Lewis, journalist at The Atlantic, author and broadcaster Further presenters for the run-up to Christmas will be announced in the coming weeks, bringing a range of voices and perspectives to the series. Each week's presenter will complete the title of the programme, and bring their own expertise, interests and interviewing style to the show. Politics and major interviews will remain an important part of the programme, with greater emphasis on discussion and debate alongside interviews and analysis of the week's biggest stories. The conversation will extend beyond Westminster to the issues and ideas shaping life across the UK. Sopel said: "It's an opportunity to have lively, intelligent conversations about the stories shaping the week and the issues people are talking about across the country." Johnson said: "The best conversations are often the ones you have around the kitchen table - lively, sometimes surprising and not always in agreement." Ahmed said: "I want to hear from interesting people, get beyond the usual talking points and have conversations that are open, curious and genuinely connected to what people are thinking and talking about." McCann said: "I love the adrenaline of live TV and can't wait to dip my toe back in with the great guests and big names we've got planned." Lewis said: "I want us to have conversations that are smart without being stuffy, where people can disagree, change their minds, laugh and occasionally say something they weren't planning to. That's when live television gets interesting." The show will be live across Sky News, the app, website, social media and YouTube. David Rhodes, executive chairman of Sky News, said: "We'll present the widest range of voices in the political market, in conversation every Sunday morning. "That's the beauty of this format - the broadest range of views, all while maintaining the highest standards of trusted journalism that audiences expect from Sky News." Sunday Morning With... will air from 8.30am on Sky News

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No Writer
Sep 3
Can 'ratty' Farage get his mojo back?

As Reform UK kicks off conference season in Birmingham, Nigel Farage appears to have some work to do. The party has gone from dominating the political conversation to facing a fall in polling numbers, mounting scandals and fresh questions over Farage's leadership. Sam Coates and Anne McElvoy preview a crucial three days for Reform, with major announcements expected on migration and the economy - while a French connection could be significant. Elsewhere, the Conservatives are ramping up the pressure on Andy Burnham over defence spending, unveiling their own plan on how they would cut welfare to fund more money for the military. Plus, ahead of Sunday's state elections in Germany, Anne reports from the campaign trail on the rise of the far-right AfD party and her dramatic encounter at a rally in Lutzen. Sam and Anne will return on Sunday afternoon for a special de-brief episode to reflect on the Reform party conference.

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Adam Smith and Nick Wright
Sep 3
Chelsea? Liverpool? Aston Villa? Best and worst buyers and sellers of the summer transfer window - Between the Lines

Across the league, clubs paid around a third above Transfermarkt valuations for players in the scramble to strengthen their squads. So, to make fairer comparisons, we've adjusted those valuations for this summer's transfer inflation, and then measured which clubs bought below that benchmark and sold above it. Transfer Centre LIVE! Deals, rumours, news on your phoneDeadline Day summer 2026 - every done dealNew on the Sky Sports app - follow your team and scroll your personal video feedSee more Sky Sports content in your search resultsWho were the best and worst buyers? It was a summer of high-profile exits for Aston Villa but they rank as the best buyers of the window according to our adjusted figures. Our analysis shows Villa's signings had a collective value £60.0m higher than they paid. The biggest bargain was midfielder Johan Manzambi, who had an adjusted value of £74.8m at the time of his £47m move from Freiburg. Leon Goretzka was brought in for free following the expiry of his contract at Bayern Munich but had an adjusted value of £13.8m, while Joao Gomes, Matteo Ruggeri and Zion Suzuki were also signed for fees much lower than their adjusted values. Arsenal's attempts to add a blockbuster attacker ended in frustration but they rank as our second-best buyers, with Piero Hincapie, signed from Bayer Leverkusen for £34.5m with an adjusted value of £57.5m, one of the best-value additions of the window. Christos Tzolis, Bruno Guimaraes and free transfer Illan Meslier also had adjusted values higher than the fees paid, giving Arsenal's signings a collective value £46.6m higher than their cost. Chelsea's transfer policy has been criticised in recent years but the Blues come out as the third-best buyers of the window, with signings valued at £38.3m higher than their collective cost. A large chunk of that value came from Valentin Barco, who had an adjusted value of £46.0m at the time of his £34m move from Strasbourg to Stamford Bridge, and, surprisingly, from £117m signing Morgan Rogers, who had an adjusted value of £126.6m, despite the perception that they overpaid for him. At the other end of the scale, Newcastle rank as the worst buyers of the window in terms of finding value. Our analysis shows they overpaid for Aladji Bamba, a £35.5m signing from Monaco, to the tune of £14.8m. Matias Fernandez Pardo is also rated as a hefty overpay based on his adjusted value. Liverpool come out as the second-worst buyers, largely because of the fees paid for Bradley Barcola and goalkeeper Lucca Brughmans, which came in at £19.4m and £25.4m above value respectively. Spurs are next on the list. Curiously, they had both the best- and worst-value signings of the summer, according to our analysis. Marcos Senesi arrived on a free transfer from Bournemouth with an adjusted value of £28.8m, making him the joint-best-value signing alongside Leeds' Harry Wilson. But the club paid a whopping £44.7m above value with their £85m deal for Savio, an overpay which was only partially mitigated by their other signings. Who were the best and worst sellers? Selling proved far more difficult for Premier League clubs overall, with Manchester City and Brentford the only sides in the division to emerge with positive efficiency scores for sales in our analysis. Manchester City rank as the best sellers, having recouped £1.0m above the adjusted value of their players sold. Their best sale was that of Savio, whose £85m move to Spurs came in £44.7m above his adjusted value, while James Trafford's £40m move to Leeds was £11.2m above value. Brentford effectively broke even on their departures, finishing just £0.03m above the collective adjusted value of the players they sold. Chelsea rank third, with their departure score just £0.5m below value overall. Their best sale was that of Liam Delap, who joined Nottingham Forest for £17.8m more than his adjusted value at £50m, while the £125m sale of Enzo Fernandez to Manchester City on Deadline Day also came in at £9.9m above value. On the flipside, our analysis suggests Chelsea sold defenders Trevoh Chalobah and Marc Cucurella for £15.2m and £17.2m less than their respective adjusted values, ensuring that the club's departure efficiency score was not as high as it might have been. Our data for sales is grim reading for Liverpool, who rank as the worst sellers of the summer, with their fees received coming in at £95.9m below the collective value of the departing players. This is largely because of losing Ibrahima Konate, a player with an adjusted transfer value of £51.8m, on a free transfer, along with Andrew Robertson, who had an adjusted value of £8.1m. But the fees received for Mohamed Salah and Curtis Jones also fell well below their values, according to our analysis. Spurs rank as second-worst sellers, having generated £62.0m less in fees than the collective value of the players sold, with Cristian Romero, Luka Vuskovic and Djed Spence let go for £23.5m, £19.0m and £16.0m below market value respectively. And what about overall? When combining signing efficiency and departure efficiency, Chelsea come out as the most efficient club of the summer in terms of finding and generating value in their purchases and sales. Their window ended in frustration as a deal to sign Lamine Camara collapsed on Deadline Day, but their overall efficiency score of £37.7m puts them ahead of Aston Villa on £27.1m and Crystal Palace on £23.1m. At the other end of the scale, Liverpool rank as the least efficient side of the transfer window, with an efficiency score of -£136.6m putting them below Spurs on -£81.3m and Newcastle on -£70.8m.

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