Bank of England

UK Abortion Law Ends Prosecutions for Women

This landmark moment sees England and Wales decriminalise abortion by repealing outdated legislation that previously exposed women to arrest and prosecution. While the existing legal framework and time limits remain unchanged, this reform ensures women will no longer fear criminalisation for ending their pregnancies. Women previously convicted under these laws are set to receive pardons, marking a significant shift towards treating abortion as healthcare, not a criminal offence. This change aligns England and Wales with international standards and ends years of campaigning against harmful, Victorian-era laws.

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Bank of England Chief: Firm Collapses Raise Economic Concerns

The Governor of the Bank of England, Andrew Bailey, has expressed concern over the recent collapses of two US companies, including car parts supplier First Brands and subprime car lender Tricolor, suggesting these failures may signal wider problems in the financial system. Mr. Bailey indicated that these failures in the private credit market warranted serious attention and drew parallels to the lead-up to the 2008 financial crisis. The Bank of England plans to conduct “stress tests” of private equity and credit firms to assess the potential for systemic risk. Additionally, the Bank will be examining the private finance sector to identify vulnerabilities and potential parallels with the 2008 financial crisis.

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