In the headlines
The Bank of England has warned there is a “material risk to UK financial stability”. The central bank says it will step in and buy government bonds in a bid to calm the markets, which were roiled by the announcement of the government’s tax-cutting package on Friday. Russia has been accused of sabotaging its two main gas pipelines to Germany in a bid to destabilise Europe. Nord Stream 1 and 2 underwent dramatic falls in pressure after two explosions in the Baltic Sea on Monday. While most European leaders have stopped short of naming a culprit, Poland and Ukraine say the Kremlin is responsible. US spy chiefs have fallen victim to an “insider prank”, says The Times. A new logo on a government website pictured a flying saucer as one of the country’s “top aerial threats”, alongside hypersonic jets and Iranian drones. The UFO has since disappeared.