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☆ Bank of England warns of mortgage agony, says monthly costs could jump £500 for some
▼ + stars: | 2023-07-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

The Bank of England warned already struggling homeowners could see monthly mortgage repayments rise sharply in the coming months, but stressed households today are not nearly as indebted as they were in the run-up to the global financial crisis. U.K. households are currently being impacted by a cost-of-living crisis and higher interest rates as their fixed-rate mortgage deals expire. Almost 1 million people, meanwhile, were projected to see their monthly mortgage costs jump by more than £500 over the same timeframe. The central bank's report comes shortly after the U.K.'s average 2-year fixed mortgage rate rose to its highest level since 2008, deepening fears of an impending "mortgage catastrophe." This key mortgage rate came in at 6.66% on Tuesday, notching its highest level for 15 years.

Persons: BOE Organizations: Bank of England Locations: Ruskin Park, Lambeth, London, England

☆ Analysis: As the nation celebrates Juneteenth, it's time to get rid of these three myths about slavery
▼ + stars: | 2023-06-18 | by ( John Blake | ) edition.cnn.com time to read: +13 min

It marks the moment in June of 1865 when Union troops arrived in Texas to inform enslaved African Americans that they were free by executive decree. Though it commemorates a moment when enslaved African Americans were freed, the US is still held captive by several myths about slavery and people like Cummins. 1: African Americans were ‘freed’ after the Civil War endedThere is a popular conception that the formerly enslaved were freed after the Civil War ended. It is what historians call a “Slave Bible.” It is a copy of a Bible that was used by British missionaries to convert enslaved African Americans. Kin Cheung/APThe historical record shows that enslaved African Americans revitalized Christianity in other ways, historians say.

Persons: Tempie ” Cummins stoically, Cummins, “, ‘, ’ ” Cummins, gainst, Tempie Cummins, Congress Juneteenth, ” Abraham Lincoln, ” “ There’s, ”, Tobin Miller Shearer, ” Albert J, Raboteau, ’, Clint Smith, ” Smith, Smith, Susan Merritt, …, ” Merritt, Frederick Dielman, Douglas A, Caleb McDaniel, Leslie Wilson, Wilson, ” Wilson, Bunny, Uncle Remus, Joel C, Harris, Albert Murray, ” White, ” Murray, Leon Harris, ” Malcolm X, Nat Turner, Martin Luther King Jr, ” Harris, Kin Cheung, God, ” Raboteau, Juneteenth, White, John Blake Organizations: CNN, New, Library, Congress, African American Studies, University of Montana, New York Times, Former Confederate, Rusk, District of Columbia, Colored People, Montclair State University, Getty, Museum, Biola University Locations: Jasper , Texas, eavesdrop, Texas, Antebellum, Whites, Rusk Country , Texas, Sabine, District, Washington, America, New Jersey, Southern, West Africa, United States, Washington , DC, California, Lambeth, London, Israel

☆ King Charles III Coronation: Church of England changes wording of public declaration, following backlash
▼ + stars: | 2023-05-06 | by ( Florence Davey-Attlee Max Foster Richard Quest | Florence Davey-Attlee | Max Foster | ) edition.cnn.com time to read: +1 min

CNN —The Church of England has changed the wording of its invitation to the public to pledge allegiance to King Charles during his coronation, following a public backlash. The Archbishop of Canterbury will now give people the option of saying just “God save King Charles” rather than making the full pledge of allegiance. The move follows widespread criticism of the proposed pledge. So help me God.”In a previous version of the text, published in April, the archbishop was to “call upon all persons of goodwill in the United Kingdom of Great Britain and Northern Ireland, and of the other realms and the territories to make their homage, in heart and voice, to their undoubted king, defender of all.”The earlier version had been described as “ill-advised” by a prominent friend of the King. Sign up for CNN’s Royal News, a weekly dispatch bringing you the inside track on the royal family, what they are up to in public and what’s happening behind palace walls.

☆ Charles III to be crowned in once-in-a-generation ceremony
▼ + stars: | 2023-05-06 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +8 min

London CNN —Britain was waking up Saturday to a once-in-a-generation royal event: the coronation of King Charles III and Queen Camilla in a grand ceremony at Westminster Abbey in London. While Charles became King on the death of his mother, Queen Elizabeth II in September last year, the coronation is the formal crowning of the monarch. In a ceremony that is expected to last at least two hours, Charles will be officially crowned, presented with an array ceremonial objects and be recognized as King by various representatives of the British state. Charles and Camilla will travel along the route to the abbey in a splendid coach drawn by six horses, accompanied by the Household Cavalry. Charles’ consort Camilla will also be crowned in a shorter, simpler part of the ceremony.

☆ London's police force steps up crackdown on rogue officers
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

Last month, an independent review found the Metropolitan Police to be institutionally racist, misogynistic and homophobic, and unable to police itself. The review called for urgent reform of Britain's biggest force known as the Met. The Met's new chief Mark Rowley, who took over last September, has vowed to rid the force of unsuitable individuals among its more than 43,000 officers and staff. Further reviews are ongoing to assess the vetting of serving officers and all staff are being checked against the Police National Computer (PNC), which records convictions. Reporting by Farouq Suleiman and Sachin Ravikumar Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

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