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Showing posts with the label ECB Dragi recession

Reform UK delivers crushing blow to Labour with stunning electoral victory after scooping almost 50% of vote

 Labour’s vote share fell 32.2 per cent in worrying sign before May elections GB News Published: 11/04/2025 - Link Reform UK delivered a crushing electoral blow to Labour last night with a thumping by-election win, despite a Cabinet Minister campaigning on behalf of Labour. The disruptor party scooped almost 50 per cent of the vote in the ward of Longdendale (Tameside) just east of Manchester which falls within Business Secretary Jonathan Reynolds’ Stalybridge and Hyde constituency. The Cabinet Minister, who recently came under fire for his claims about his career as a solicitor, leant his weight to Labour’s campaign yesterday, but it was not enough to hold off the Reform surge. Reform’s Allan Hopwood scooped 46.6 per cent of the vote, beating Labour’s Francesca Coates into second (25 per cent) and Kieron Wild of the Conservatives (12.4 per cent). It means Hopwood has become Reform’s first councillor in Greater Manchester, a traditionally safe Labour area that elected 25 Labour mem...
European Central Bank governors representing the core of the euro-area economy resisted President Mario Draghi’s ultimately successful bid to restart quantitative easing, according to officials with knowledge of the matter. The unprecedented revolt took place during a fractious meeting where Bank of France Governor Francois Villeroy de Galhau joined more traditional hawks including his Dutch colleague Klaas Knot and Bundesbank President Jens Weidmann in pressing against an immediate resumption of bond purchases, the people said. They spoke on condition of anonymity, because such discussions are confidential. Resistance Was Futile Those three governors alone represent roughly half of the euro region as measured by economic output and population. Other dissenters included, but weren’t limited, to their colleagues from Austria and Estonia, as well as members on the ECB’s Executive Board including Sabine Lautenschlaeger and the markets chief, Benoit Coeure, the officials said. ...