Fri, 06 Feb 2026

Fri, 06 Feb 2026 Bank of England chief 'shocked' at Mandelson emails

The Bank governor criticised emails between Peter Mandelson and Jeffrey Epstein during the financial crisis.

* Bank of England governor Andrew Bailey expresses "shock" over allegations surrounding Lord Mandelson and his relationship with Jeffrey Epstein.
* Emails allegedly show Mandelson suggesting that Jamie Dimon, boss of JP Morgan, should threaten then-Chancellor Alistair Darling over a tax proposal.
* Bailey says he finds it "shocking" to see the lobbying efforts attached to such emails.
* Almost half of household electricity customers in Northern Ireland have never switched from Power NI, their largest supplier.
* The UK will maintain food standards that lock out some types of American beef and chicken.
* The S&P 500 index soared 9.5% in a one-day rally following days of turmoil sparked by tariffs.
* Prime Minister warns against trade war with US, saying it's not in the UK's national interest.
* Chancellor presents her first Budget in the Commons.
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