In the headlines
The UK is “teetering on the edge of recession”, economist Yael Selfin tells the BBC, after the economy shrank by 0.3% in August. The pound fell sharply overnight against the dollar – dipping below $1.10 – after the Bank of England confirmed its emergency bond-buying intervention will end on Friday. King Charles III will be crowned on Saturday 6 May next year, Buckingham Palace has announced. Royal aides have been instructed to plan a “slimmed-down” ceremony to reflect the cost-of-living crisis, says Metro, with guest numbers slashed from an expected 8,000 to around 2,000 and the usual three-hour service trimmed to just an hour. Marmalade sales surged by 18% after the Queen’s death, says analytics firm Kantar. The tangy preserve became an unexpected symbol of remembrance after mourners were inspired by her marmalade sandwich Platinum Jubilee sketch with Paddington Bear.