Prayers for Parliament and the Nation: Friday, 3 August 2018
" I urge, then, first of all, that petitions, prayers, intercession and thanksgiving be made for all people – for kings and all those in authority, that we may live peaceful and quiet lives in all godliness and holiness. This is good, and pleases God our Saviour, who wants all people to be saved and to come to a knowledge of the truth. "
- 1 Timothy 2:1-4
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The Bank of England has raised interest rates for the first time since November 2017 and only the second time in a decade. The rate has gone up from 0.5% to 0.75%, its highest level since March 2009.
In an interview with Radio 4’s Today programme, Bank of England governor Mark Carney said it was "absolutely in the interest" of the EU and UK to have a transition period after Brexit. However, the financial system was robust and could withstand shocks, he said.
A hosepipe ban that was due to start in the North West of England on Monday has been called off. The water provider, United Utilities, has said restrictions may be enforced in the autumn.
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