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The pound has edged higher against the dollar in anticipation of a key statement from the new chancellor tasked with sorting out the fallout from the government’s mini-budget.

Sterling had fallen to a record low against the dollar at the end of September, after the short-lived then chancellor Kwasi Kwarteng unveiled the biggest programme of tax cuts for 50 years.

Mr Kwarteng, who was sacked on Friday after just 38 days in the job, paid the price for a mini-budget that called into question the government’s economic credibility on financial markets.

The mini-budget led not just to a collapse in the value of the pound but also prompted a surge in borrowing costs – forcing an unprecedented intervention by the Bank of England (BoE).

Kwasi Kwarteng leaves Downing Street
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Out the door went Kwasi Kwarteng

However, following the prime minister’s announcement on Friday that Mr Kwarteng had been sacked and that corporation tax would rise to 25% from April next year instead of being kept at 19%, there was a partial recovery for the UK currency and bond yields.

Mr Kwarteng’s replacement, former foreign and health secretary Jeremy Hunt, has since promised to win back the confidence of the financial markets by fully accounting for the government’s tax and spending plans.

Sterling gained 1% to hit $1.1282 on Monday in trade in Asia when the Treasury revealed that Mr Hunt would deliver key parts of a medium-term fiscal plan later on Monday in support of “fiscal sustainability”.

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New Chancellor of the Exchequer Jeremy Hunt leaves 10 Downing Street
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In came the new Chancellor of the Exchequer Jeremy Hunt

The statement added that Mr Hunt met the BoE governor and the head of the Debt Management Office on Sunday night to brief them on the plans – measures brought forward from the Medium-Term Fiscal Plan that is due to be revealed on 31 October.

The early measures would first be revealed in a statement on Monday morning before being outlined to MPs, the Treasury said.

All eyes are now on how the UK government bond market will trade, after the BoE on Friday concluded its emergency gilt market support.

Any rises in government borrowing costs, through a gilt yield rise, would reflect continuing jitters.

More likely, however, is a downwards shift given that Mr Hunt appears to be acting swiftly to address the concerns of investors.

Can Truss remain PM?

The Conservative Party is now on its fifth chancellor in the past three years – Mr Hunt, Mr Kwarteng, Nadhim Zahawi, Rishi Sunak and Sajid Javid.

Read more:
Pound sinks to record low against the dollar – as PM and chancellor defend mini-budget
Bank of England ‘will not hesitate to change interest rates as necessary’ after pound’s fall

Mr Hunt is the seventh Tory chancellor in 12 years.

There is now a renewed focus on whether Ms Truss can remain in the job.

A Tory MP told Sky News: “The idea that the prime minister can just scapegoat her chancellor and move on is deluded.

“This is her vision. She signed off on every detail and she defended it.”

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Nurse Sandie Peggie who complained about sharing changing room with transgender doctor wins part of employment tribunal

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Nurse Sandie Peggie who complained about sharing changing room with transgender doctor wins part of employment tribunal

A nurse who complained about sharing a changing room with a transgender doctor has won part of her employment tribunal against NHS Fife, although several claims were dismissed.

Sandie Peggie took action against the health board and transgender medic Dr Beth Upton after she was suspended from her job at Victoria Hospital in Kirkcaldy following a row with her colleague on Christmas Eve 2023.

Ms Peggie, who has worked for the NHS for 30 years, was placed on special leave after Dr Upton made an allegation of bullying and harassment, and cited concerns about patient care.

The nurse lodged a claim against NHS Fife and Dr Upton, citing the Equality Act 2010, including sexual harassment, harassment related to a protected belief, indirect discrimination, and victimisation.

The employment tribunal hearings took place in Dundee before Judge Sandy Kemp earlier this year.

In a written judgment on Monday, the harassment claim was upheld against NHS Fife, but allegations of discrimination, indirect discrimination and victimisation were dismissed.

The claims against Dr Upton did not succeed and were dismissed.

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Dr Beth Upton arriving at the tribunal in February. Pic: PA
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Dr Beth Upton arriving at the tribunal in February. Pic: PA

Ms Peggie stated: “I am beyond relieved and delighted that the tribunal has found that my employer Fife Health Board harassed me after I complained about having to share a female-only changing room with a male colleague.

“The last two years have been agonising for me and my family.

“I will have much more to say in the coming days once I’ve been able to properly consider the lengthy judgment and discuss it with my legal team.

“For now, I am looking forward to spending a quiet few days with my family.”

Ms Peggie paid tribute to her “incredible” legal team, which included lead counsel Naomi Cunningham, junior counsel Dr Charlotte Elves, and solicitor Margaret Gribbon.

She added: “There are many others I would like to thank and will do so in the coming days.”

Read more:
NHS Fife chief announces early retirement ahead of ruling

The tribunal found that NHS Fife had harassed Ms Peggie by failing to revoke the grant of permission to Dr Upton on an interim basis after the nurse complained, for the period until different work rotas took effect so that they would not work together and said that, as a result, Dr Upton was in the changing room when the claimant was present on two occasions.

It also found the board had harassed Ms Peggie by taking an unreasonable length of time to investigate the allegations against her; by making reference to patient care allegations against her on 28 March 2024; and giving an instruction to her not to discuss the case, until a further message a little over two weeks later which confirmed that applied only to the investigation.

A separate hearing on remedy – which could see Ms Peggie receive financial compensation – will take place at a later date.

NHS Fife said it had been a “complex and lengthy process”.

The health board added: “The employment tribunal unanimously dismissed all of the claimant’s allegations against Dr Upton and all of the allegations against the board apart from four specific aspects of the harassment complaint.

“We will now take time to work through the detail of the judgment alongside our legal team to understand fully what it means for the organisation.

“We want to recognise how difficult this tribunal has been for everyone directly and indirectly involved.

“Our focus now is to ensure that NHS Fife remains a supportive and inclusive environment for all employees and our patients and to deliver health and care to the population of Fife.”

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Ex-footballer Joey Barton sentenced for X posts sent to Jeremy Vine, Eni Aluko and Lucy Ward

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Ex-footballer Joey Barton sentenced for X posts sent to Jeremy Vine, Eni Aluko and Lucy Ward

Retired footballer Joey Barton has been sentenced over X posts he sent to football pundits Eni Aluko and Lucy Ward, along with broadcaster Jeremy Vine.

Barton, 43, had been found guilty of six counts of sending a grossly offensive electronic communication with intent to cause distress or anxiety.

He was sentenced to a six-month prison sentence, suspended for 18 months, at Liverpool Crown Court on Monday.

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Watch judge’s remarks in Barton sentencing

The former Manchester City, Newcastle United and Rangers midfielder had claimed he was the victim of a “political prosecution” and denied his aim was to “get clicks and promote himself”.

But the jury decided Barton, capped once for England in 2007, had “crossed the line between free speech and a crime” with the six posts he made on the social media platform.

The prosecution argued that Barton, who has 2.5 million followers, “may well be characterised as cutting, caustic, controversial and forthright”.

Peter Wright KC continued: “Everyone is entitled to express views that are all of those things.

“What someone is not entitled to do is to post communications electronically that are – applying those standards – beyond the pale of what is tolerable in society.”

Barton denied 12 counts of sending a grossly offensive electronic communication with intent to cause distress or anxiety between January and March last year.

He was found guilty on six counts, but cleared of another six.

Eni Aluko at London's Royal Courts of Justice last year for her libel claim against Barton. Photo: PA
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Eni Aluko at London’s Royal Courts of Justice last year for her libel claim against Barton. Photo: PA

In one post in January 2024, Barton compared Aluko and Ward to the “Fred and Rose West of football commentary”, and superimposed the women’s faces on a photograph of the serial murderers.

He also described Aluko as being in the “Joseph Stalin/Pol Pot category”, suggesting that she had “murdered hundreds of thousands, if not millions, of football fans’ ears”.

The jury found him not guilty in relation to the comparison with the Wests, Stalin and Pol Pot, but decided the superimposed image was grossly offensive.

Jeremy Vine. Pic: PA
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Jeremy Vine. Pic: PA

Another message allegedly suggested Vine had a sexual interest in children, after the broadcaster posted a question relating to the posts about the football commentators asking whether Barton had a “brain injury”.

The court heard Barton replied to Vine’s tweet with a post referring to him as “you big bike nonce” and made references to convicted child sex offender Jeffrey Epstein.

The ex-footballer told the court the posts were “dark and stupid humour” and “crude banter”. He also said he had no intention of implying Vine was a paedophile.

Sentencing, the Honorary Recorder of Liverpool, Judge Andrew Menary KC, told Barton: “Robust debate, satire, mockery and even crude language may fall within permissible free speech.

“But when posts deliberately target individuals with vilifying comparisons to serial killers or false insinuations of paedophilia, designed to humiliate and distress, they forfeit their protection.

“As the jury concluded, your offences exemplify behaviour that is beyond this limit – amounting to a sustained campaign of online abuse that was not mere commentary but targeted, extreme and deliberately harmful.”

Barton was also given a two-year restraining order preventing him from contacting Aluko, Ward or Vine, or publishing any reference to them on a social media platform or broadcast platform.

He will also have to carry out 200 hours of unpaid work in the community and pay prosecution costs of £23,419.

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More arrests after ‘pepper spray’ incident at Heathrow Airport

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More arrests after 'pepper spray' incident at Heathrow Airport

Two more people have been arrested following a “pepper spray” incident at London’s Heathrow Airport

The incident took place shortly after 8am on Sunday, when two women were allegedly robbed of their suitcases after leaving the car park lift within the airport’s Terminal 3 building.

The alleged robbers then sprayed them with what is believed to be pepper spray, which then affected others nearby.

A 31-year-old man was arrested on suspicion of robbery and assault close to the scene on Sunday. He was released under investigation while enquiries continue.

Now, a 24-year-old man in Lambeth has been arrested on suspicion of robbery and assault and a 23-year-old woman on suspicion of conspiracy to commit robbery, the Metropolitan Police said.

The pair remain in custody.

London Ambulance Service attended the scene and treated 21 people, including a three-year-old girl.

Five people were taken to hospital. Their injuries are not believed to be life-changing or life-threatening.

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