In the headlines
UK inflation slowed more than expected to 7.9% in June, the lowest rate in more than a year. The fall was driven in large part by a drop in petrol and diesel prices, which are around 20% cheaper than they were 12 months ago. Coutts closed Nigel Farage’s accounts because his views do not “align with its purpose and values”, according to a newly released internal document. The private bank compiled a dossier – including evidence of the Ukip leader’s friendship with Donald Trump and views on LGBT+ rights – which labelled the politician a “grifter” and a “chancer”. British passports bearing the title “His Majesty” will be issued from this week. It’s the first time since 1952, the end of King George VI’s reign, that the documents will be printed featuring the male title.