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These Deals on Video Games, Controllers, and Peripherals Will Disappear When Prime Day Ends Tonight
These are the best last-chance gaming deals for the last day of Prime Day: Save on top video games like Elden Ring, plus premium controllers, gaming mice, and essential peripherals.
2026 NHL Mock Draft
Ahead of tonight’s NHL draft, let’s take a stab at how the first round could play out tonight. First, a moment of silence for our near miss last year – when we tried to predict that Kyle Dubas would go ‘off the board’ with a high pick on a WHL center that no one saw […]
🇺🇸 Y! Sports AM: Why not U.S.?
The USMNT, who play their final group stage match tonight, have given fans reason to believe in their status as contenders.
Is Yankees manager Aaron Boone’s fan survey grade fair?
Boone’s team begins a four-game set in Boston tonight.
⚽ Keep it rolling
Tonight, the U.S. play its final group stage match.
Amherst Chamber of Commerce hosts annual Business Expo
The 5th annual Amherst Area Chamber of Commerce Business Expo was held tonight in the Amherst area, providing a venue for businesses to connect with community members.
Political insiders break down New York's 2026 primary election results
David Carlucci and David Catalfamo join Capital Tonight.
Scotland vs Brazil – Match preview and team news
Scotland and Brazil clash at the 2026 FIFA World Cup tonight with both teams aiming to secure progress to the knockout rounds.Scotland vs Brazil – Match preview and team newsDate: Wednesday 24th Ju...
NBA Draft 2026 Day 1 discussion
Okay ladies and gentlemen. Today is the BIG DAY! The first round of the 2026 NBA Draft is tonight at 8 p.m. ET. Watch it on ABC (WJLA-TV) or ESPN. The Washington Wizards have the first pick of this thing barring a trade. And besides some initial reports in May about the Utah Jazz wanting […]
5 vulnerable incumbents to watch in tonight’s primaries: From the Politics Desk
Plus, the DOJ’s voter fraud struggles and a Elon Musk-related controversy in Michigan.
The Mark Romig Show premieres tonight on Gulf Coast Sports & Entertainment Network
The Mark Romig Show debuts Tuesday night on Gulf Coast Sports & Entertainment Network, featuring host Mark Romig and a premiere episode with Cooper Manning.
The Mark Romig Show premieres tonight on Gulf Coast Sports & Entertainment Network
The Mark Romig Show debuts Tuesday night on Gulf Coast Sports & Entertainment Network, featuring host Mark Romig and a premiere episode with Cooper Manning.
Rock star pauses mid-concert to ask crowd for World Cup game score
"You can think of tonight as a gathering to celebrate the World Cup, with some music interspersed.”
Jelly Roll breaks silence on Bunnie Xo divorce mid-concert: 'I wasn't going to talk about it tonight'
Jelly Roll broke his silence on his divorce from Bunnie Xo mid-concert. His comments come days after news broke that the country artist filed for divorce from the podcaster.
Can Better Sleep Lower Dementia Risk? What the Science Says
Poor sleep may raise your Alzheimer's risk by as much as 44%. Here's what researchers know about sleep, brain health, and what you can do tonight.
From The Sports Desk: Harry Kane scores two goals, spurs England’s strong World Cup start
England beat Croatia 4-2 yesterday, in what might be considered the game of the tournament so far. Tonight, co-hosts Mexico and Canada are both in action.
The places to watch in Alabama and Georgia tonight: From the Politics Desk
Plus, Trump starts shifting his focus back to Ukraine.
Knicks' Jalen Brunson and Karl-Anthony Towns thank fans on 'The Tonight Show'
"When we get the fans involved, and we give them something to cheer for, it's something special."
From The Sports Desk: One day after peace agreement, Iran takes field for World Cup
Iran will play New Zealand tonight in Southern California. Earlier in the day, Lamine Yamal and Spain play Cape Verde, and Mo Salah and Egypt take on Belgium.
Knicks will take over 'The Tonight Show' for special episode
"A booking 53 years in the making."
💪 Dream World Cup debut! Gyökeres is making history tonight
The Swedish forward is destroying any trace of nerves in his World Cup debut. In less than sixty minutes, he delivered his first assist and scored his first goal in football’s biggest competition. ...
UFC Freedom 250 Live Results
The octagon is on the South Lawn of The White House for tonight's UFC Freedom 250 event. The fight is headlined by a lightweight title unification bout between champion Ilia Topuria and interim titleholder Justin Gaethje. In the co-main event, former two-division titleholder ...
Yankees At Jays Game Thread
I really figured Canada would win this afternoon. Well, let’s win tonight. Schneider and Kirk (who says his thumb is getting better all the time) are back and in the lineup. Heineman (DFA) and Varsho (IL) are gone. My wife will be sad that Heineman won’t be around to be shirtless. Apparently Daulton got a […]
USA vs. Paraguay tonight: How to watch the USMNT's first game of the 2026 World Cup: TV channel, start time, free streaming info, and more
From The Sports Desk: Mexico wins opener, U.S. starts its World Cup journey tonight
The U.S. men’s national team and its ‘Golden Generation’ play Paraguay in Los Angeles today. Plus, France’s Kylian Mbappé is today’s World Cup spotlight.
Fisa spy powers almost certain to expire after Congress fails to act
Law due to expire at midnight tonight following unhappiness over Trump’s pick for intelligence chief
20 Most Disturbing Science Facts That Are Pure Nightmare Fuel
Warning: Do NOT read any of these facts before bed tonight.
Can Judge-less Yanks survive?
On deck Tonight: Los Angeles Dodgers at Pittsburgh, 6:40 p.m. Pitchers: Dodgers LHP Eric Lauer (2-5) vs. Pirates RHP Paul Skenes (6-5) TV: SportsNet Pittsburgh Radio: HANK-FM 96.1 The reigning MVP and Cy Young Award winners in the American League are both on the injured list. One is on his way back, the other went […]
From The Sports Desk: Knicks host first NBA Finals game since 1999
Madison Square Garden hosts its first NBA Finals game tonight in 27 years. It will be a sight to behold.
What time are the 2026 Tony Awards on tonight? How to watch, full nominations list, start time and more
Are you ready to watch the cast of 'Hamilton' reunite at the 2025 Tony Awards?
Guardians Dominate Rangers Behind Bibee’s Gem
The offense came alive tonight but the story of the game was Tanner Bibee’s phenomenal outing. He tossed 8 scoreless innings and had only 87 pitches, I really wish they would’ve game him a chance to complete the Maddux. He lowered his ERA all the way down to 4.09 from this outing. If Bibee can […]
UFC Vegas 118 Post-Fight Press Conference
Following tonight's UFC Vegas 118 fights last the Meta Apex in Las Vegas, the winners will answer questions during the post-fight press conference. The event was headlined by a welterweight bout between former champion Belal Muhammad and No. 11 ranked Gabriel Bonfim.
Allen’s Gamble Pays Off In Bloody Victory
Brendan Allen vs. Edmen Shahbazyan squared off in a Middleweight bout earlier tonight (Sat., June 6, 2026) at UFC Vegas 118 inside Meta Apex in Las Vegas, Nevada. In a fun and bloody fight, Allen extended his win streak to three. Allen came out aggressive, pressing forward and kicking at the lead leg. He didn’t […]
LIVE! Watch UFC Vegas 118 Post-Fight Presser Here
Now that the action is in the books from UFC Vegas 118 earlier tonight (Sat., June 6, 2026) LIVE on Paramount+ from inside UFC’s Meta Apex in Las Vegas, Nevada, fight fans can check out the post-fight presser for all the best reaction and official bonus winners. On a night that featured a main event […]
Entertainment: Subtronics to Wet 'N' Wild; Unreleased Prince songs
Subtronics plays Cyclops Island at Wet’n’Wild tonight at 5 p.m., with live music, food, drinks and select attractions.
Mariners drop first game of road trip 7-3
There’s a baseball cliche when a pitcher has an OK night but still takes the L: “He just made the one mistake, and it got punished.” It’s tempting to tag that to Bryan Woo in tonight’s 7-3 loss to the Tigers, but I’m not so sure it’s true. The pitch you’d want to pin that […]
Red Sox 5, Yankees 3: New York nixed
Am I the Willson Contreras whisperer? Many are saying it’s true. Due to a bug/feature in the schedule I haven’t have a game recap since mid-May, when the headline was “Where there’s a Willson, there’s a way, son.” Deja vu? Contreras led the way again tonight, in swatting Yankees pitchers: And coolers of delicious, cold […]
Guild Wars 3, Modern Evolution of the MMORPG, Announced at Summer Game Fest for PC and PlayStation 5
/PRNewswire/ -- Critically-acclaimed game development studio ArenaNet® tonight announced Guild Wars 3™, the third entry in the legendary and beloved Guild...
Guild Wars 3, Modern Evolution of the MMORPG, Announced at Summer Game Fest for PC and PlayStation 5
/CNW/ -- Critically-acclaimed game development studio ArenaNet® tonight announced Guild Wars 3™, the third entry in the legendary and beloved Guild Wars®...
Paul Rudd details his 'perfect run-in' with Neil Diamond while DJ'ing a party
Diamond had a priceless response to Rudd asking if he was "Wanging Chung tonight."
Morning Skate: Bounceback
Welcome back to another Thursday! The Stanley Cup Final began with an absolute heater of a 5-4 win for the Vegas Golden Knights. It had a little bit of everything; comebacks, players that we generally agree are good looking like they are in hell, questionable goaltending, and the bad guys winning, setting up tonight’s contest […]
Astros vs. Pirates Game Thread: Game 62, 6/2/2026
TONIGHT’S GAME: The Houston Astros (27-34), who are 7-3 in their last 10 games, will continue their nine-game homestand tonight as they open a three-game series against their former divisional opponent, the Pittsburgh Pirates (32-28). RHP Mike Burrows (3-6, 5.40 ERA), who was acquired from the Pirates this offseason, will open the series against his […]
From The Sports Desk: Heavyweights Carolina, Vegas meet in Stanley Cup Final
We preview the matchup between the Hurricanes and the Golden Knights, before the series starts tonight. Plus, Germany’s Jamal Musiala is our World Cup spotlight of the day.
‘Access Hollywood’ Producer Rob Silverstein, Front Office Sports Team Up for Daily TV News Program
"Access Hollywood" producer Rob Silverstein will serve as the executive producer of "Front Office Sports Tonight," which launches this fall
‘Access Hollywood’ Producer Rob Silverstein, Front Office Sports Team Up for Daily TV News Program
"Access Hollywood" producer Rob Silverstein will serve as the executive producer of "Front Office Sports Tonight," which launches this fall
PlayStation State of Play live report - all of today's news from Sony's 2026 summer showcase
What PlayStation surprises does Sony have for tonight's summer showcase? Let's find out.
If a mosquito buzzes your ear tonight, this hidden meaning will shock you - Futura-Sciences
The Nighttime Nemesis: Why Mosquitoes Target Our Ears Any summer night can become a stage for this unwelcome duet: the unmistakable whine of a mosquito around your ear, one of the most dreaded noises to disturb your sleep. While this particular form of aural torture might seem like an act...
Arteta Seeks Immortality, and We’re Having Big Feelings…
Champions League FinalTonight's European showpiece in Budapest is bound to trigger some serious emotional whiplash across the Blue half of Merseyside.On one hand, we have the ultra-sanitised, state-fu...
Blue Moon 2026: An extremely rare micromoon rises tonight
A rare Blue Moon, the second full moon in May, will also be a "micromoon" near its farthest point from Earth.
Astros vs. Brewers Game Thread: Game 59, 5/29/2026
TONIGHT’S GAME: The Houston Astros (26-32), who have won six of their last seven games, will open a 10-day, nine-game homestand tonight against the NL Central division leading Milwaukee Brewers (33-20). RHP Kai-Wei Teng (3-3, 2.19 ERA), a native of Taiwan, will get the start for the Astros tonight on AAPI night at the ballpark. […]
Spurs Game 6 entertainment, giveaways announced for game vs Thunder
The Spurs announced live performances, giveaways, and in-game entertainment for tonights Game 6 against the Thunder at Frost Bank Center.
🎁The surprises keep coming: thrilling Libertadores night
Tonight, Groups C, E, and H in the CONMEBOL Libertadores were decided, and here we bring you the star, the surprise, and the disappointment of the night.Platense did its homework and takes the starWit...
Watch New York Knicks vs. Cleveland Cavaliers tonight: Where to stream Game 4, tipoff time, and more
How to watch Game 4 of the Eastern Conference finals between the Knicks and the Cavaliers.
Guardians lineup today, live score updates vs. Nationals
The Cleveland Guardians host the Washington Nationals on May 25. Follow along for live updates throughout the game tonight.
Here Are The 11 Best Laptop and Desktop to Grab Deals Before Memorial Day Is Over
The three-day weekend comes to an end tonight, so snag one of these top-rated PCs from Apple, Dell, Lenovo, and our other favorite brands at discounts of up to $600 while you can.
Do You Think The Jays Will Make The Playoff?
Tonight, we are at the 1/3 mark of the season. The team is 25-28, which, rather amazingly, puts them just one game back of a Wild Card playoff. The AL is not exactly firing on all cylinders this year. A year ago, the Jays were 26-27, which had them two games back of a Wild […]
Jamie-Lynn Sigler reveals the James Gandolfini story she regrets once telling on 'The Tonight Show'
'Sopranos' star Jamie-Lynn Sigler shares her regret over a story she told about costar James Gandolfini on Jay Leno's talk show: 'As soon as the words came out of my mouth, I wanted to take them back'
CBA Captures 9th Shore Conference Baseball Tournament Title
LAKEWOOD — CBA defeated Rumson-Fair Haven 12-0 in six innings behind eight strikeouts and only two hits and one walk allowed from senior pitcher Dan Pardini to capture its ninth Shore Conference Tournament title. Check back later tonight for championship photos and the full game story.
How to watch Euphoria tonight on Sling with HBO Max
Only two episodes remaining! Euphoria comes to its highly-anticipated end soon. Stream tonight's new episode on Sling with HBO Max.
Cremonese decimated by stomach virus ahead of must win game
Jamie Vardy’s Cremonese have a must-win match tonight against Como as they try to avoid relegation, but a stomach virus is sweeping through the squad.It kicks off at 19.45 UK time (20.45 CEST).You c...
San Antonio Spurs vs. OKC Thunder: Where to watch Game 4 tonight, time, channel, and more
How to watch the final episode of 'The Late Show with Stephen Colbert' live tonight
The last episode of 'The Late Show With Stephen Colbert' airs tonight. Here's everything you need to know if you want to watch.
BSD YouTube Show: Penn State Football Trivia
We are in the doldrums of the college football offseason so we’re going to pass the time with some Penn State football trivia. 10 rounds, 10 topics, only one of Tim or Jared will leave victorious. We’ll be live on YouTube tonight at 7 p.m. EST. Come join! The audio will be on Spotify and […]
What to watch for tonight in Thomas Massie’s unique district: From the Politics Desk
Plus, Trump wades into the Texas Senate runoff with a last-minute endorsement.
ACM Awards 2026 live updates and winners: Ella Langley wins Artist-Songwriter of the Year; Kacey Musgraves, Shaboozey and others stun on the red carpet
The 2026 Academy of Country Music Awards are finally here. Tonight, the genre's biggest and brightest stars will gather at the MGM Grand Garden Arena in their finest red carpet looks to celebrate a st...
TST Best Bets: May 17, 2026
The final spot in the NBA Conference Finals is up for grabs tonight, as the Detroit Pistons and Cleveland Cavaliers face off in what should be a thrilling Game 7 matchup. It’s been a rollercoaster ride of a season for the Pistons, who shocked the world by winning 60 games in the regular season to take the top seed in the Eastern Conference. Their playoff run first looked to set up for disaster, as they fell down 3-1 to the Orlando Magic before pulling off the unlikely comeback to escape the firs
How to watch the 2026 Academy of Country Music Awards tonight: Who's nominated, where to stream, and more
Here's how to watch the 2026 ACM Awards this Sunday.
Guardians Even It Up In Ohio Cup
It was a fun and crucial win for the Guardians tonight after dropping game 1 of the Ohio cup. There were a ton of contributions tonight. Brayan Rocchio continues to be one of the most clutch hitters not only on the Guardians, but in the entire league. I’m not sure how long he will keep […]
🚨 River v Rosario Central line-ups confirmed
What a match in Argentina! River Plate and Rosario Central face off tonight to decide the Professional League semifinal, a clash that comes in red-hot after the refereeing controversy in Canalla’s q...
Guardians lineup, live score updates tonight vs. Reds
The Cleveland Guardians host the Cincinnati Reds on May 16. Follow along for live updates throughout the game tonight.
Rousey vs. Carano Start Time, Full Fight Card Details!
Ronda Rousey and Gina Carano will headline Jake Paul’s debut mixed martial arts (MMA) event, as MVP MMA 1 is set to go down later tonight (Sat., May 16, 2026) inside Intuit Dome in Los Angeles, California (full results here). In the co-main event of the evening — which will be streaming live on Netflix […]
Spurs vs Timberwolves how to watch; Timberwolves game today live
Timberwolves vs. Spurs Game 6 takes place tonight. Here's everything you need to know about the game.
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
HAPPENING NOW: May 2026 West Seattle Art Walk, including new Junction business Oona
We're out right now on the West Seattle Art Walk - tonight, featuring the new business that a longtime Junction fashion entrepreneur is opening: That's Linda Walsh, who - as we reported here - proprietor of Carmilia's, and now also taking over the 4536 California SW space a few doors down where Willow recently closed. Tonight she's introd...
Trump wraps up visit with Xi in China tonight, after talks on trade and stern words on Taiwan
Guardians lineup, live score updates tonight vs. Angels
The Cleveland Guardians host the Los Angeles Angels on May 11. Follow along for live updates throughout the game tonight.
THE WEEKEND'S RESULTS: PRIMAVERA WOMEN IN THE FINAL
AC Milan’s Youth Sector weekend is still awaiting its final result, with tonight - Monday 11 May - set to bring everything to a close. Kick-off at 18:00 CEST sees the Women's Primavera side face Sas...
Who are the 'American Idol' finalists? These 3 will compete for the Season 24 crown tonight.
Keyla Richardson, Jordan McCullough and Hannah Harper are battling to win the long-running singing contest.
How to watch Keyla Richardson on 'American Idol' finale
Pensacola's Keyla Richardson performs on the 'American Idol' finale tonight. Here's how to watch and vote.
Game #41: Pittsburgh Pirates vs. San Francisco Giants
The Pirates are on the road tonight looking to pull out a victory by the Bay.
Tare: ‘Milan must be united, Champions League qualification fundamental’
Milan director Igli Tare calls on fans to be ‘united’ with the club despite tonight’s protests, insisting ‘Champions League qualification is fundamental’ on a sporting and economic level.The...
CONFIRMED lineups: Barcelona vs Real Madrid, 2026 El Clásico
Real Madrid have published their starting lineup for the upcoming match against Barcelona in LaLiga. Barça have a golden opportunity to secure the title, but both teams will be missing big stars like Kylian Mbappé, Lamine Yamal or Fede Valverde tonight. Who will win the last El Clásico of the 2025-26 season? STARTING LINEUPS Barcelona […]
Game #40: Pittsburgh Pirates vs. San Francisco Giants
The Pirates are on the road tonight looking to pull out a victory by the Bay.
Is ‘SNL’ new tonight? Host, musical guest, start time and how to watch
Matt Damon and Noah Kahan will appear on 'SNL' this weekend, with Will Ferrell and Paul McCartney closing out Season 51.
Today on Pinstripe Alley
At least someone other than the Miz is pitching tonight in Milwaukee.
The Museum of Innovation and Science is gearing up for its annual "Big Bang" fundraiser
The Museum of Innovation and Science is gearing up for its annual Big Bang fundraiser tonight, inviting the community to celebrate science, art, and the future
New York Knicks vs. Philadelphia 76ers channel: Where to watch Game 2 tonight, tipoff time, series schedule and more
How to watch the Knicks vs. 76ers Game 2 this Wednesday.
Happy .500 de Mayo! Dbacks 9, Pirates 0
On the same day that manager Torey Lovullo called the entire starting rotation into his office to tell them they needed to pick up the pace, Dbacks starter Eduardo Rodriguez did just that and then some. ERod put this team on his back tonight shutting down the Pirates offense taking some of the pressure off […]
The Andrew Abbott renaissance begins tonight in Chicago
Or, Abbott gets rocked again - this time by the Cubs.
What to watch for in Indiana tonight: From the Politics Desk
Plus, Iowa emerges as a midterm battleground.
Game Thread: White Sox (16-18) at Angels (13-22)
The last series of the road trip starts tonight
Met Gala 2026 Livestream: Watch The Red Carpet Arrivals
Hundreds of the biggest names in entertainment and fashion are descending upon the Metropolitan Museum of Art tonight for the annual Met Gala. The 2026 event is co-chaired by Beyoncé, Nicole Kidman, V...
🚨No Mbappé or Courtois in Arbeloa's squad for Espanyol
Real Madrid need to win today in Cornellà if they don’t want to see Barça crowned LaLiga champions before El Clásico. There are many absences in the Real Madrid squad, who need a win tonight agai...
Caitlin Clark stats, highlights tonight for Indiana Fever vs. Nigeria
Caitlin Clark scores 12 points in the first half for the Indiana Fever against Nigeria in WNBA preseason action: Stats, highlights, salary.
LIVE! Watch ‘Benavidez vs. Zurdo’ Prelims For Free
Before David Benavidez challenges WBO and WBA Cruiserweight champion, Gilberto “Zurdo” Ramirez, for his WBA title later TONIGHT (Sat., May 2, 2026) inside T-Mobile Arena in Las Vegas, Nevada on DAZN PPV, you can check out some of the early “prelims” for free on YouTube. “The Mexican Monster” and “Zurdo” will also be competing for […]
What time does the BTS concert start? Details on schedule at Sun Bowl
Here's what to know about tonight's schedule for the BTS concert at the Sun Bowl.
Mets earn a much needed win
The Mets’ main pitching and hitting problems disappeared tonight.
Rangers 5, Tigers 4: Flaherty flounders again
The only question about Jack Flaherty is how long he can stay in the rotation. Tonight’s outing didn’t help his case.