Daily Archive: June 5, 2017

Jun
05

Britain’s economic model is broken: this is our first post-crash election | Aditya Chakrabortty

Pundits pretend that Corbyn and May are poles apart. But both understand that the financial crisis changed everything – and a new ideological era is beginning

Seen from a sofa, the world looks very different. And to listen to TV’s sofa pundits is to hear a very different election. They would have you believe that Labour and the Conservatives have rarely been further apart. That voters face “a clear choice” between a hard left and a Brextremist right, the inedible and the unpalatable. Plausible and conventional, it’s a classic sofa argument.

It also misses the critical change in this election.

The Conservative manifesto is closer to Labour’s than at any point since the second world war

Related: Britain is in the midst of a working-class revolt | John Harris

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Jun
05

UK households cut back as Brexit effect on pound hits living costs

Reports show drop in retail sales, a slowdown in services sector and fall new car sales in May

British households are cutting back as the Brexit effect on the pound continues to raise living costs, according to a clutch of reports that show shops, car dealerships and other consumer-facing businesses coming under pressure last month.

Uncertainty about the outcome of Thursday’s election was also cited as a factor as the reports showed a drop in retail sales, a slowdown for the vast services sector and a fall in new car sales last month.

Related: Energy price rises help drive UK inflation up to 2.7%

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Jun
05

Average UK rents fall for first time in more than seven years

London sees biggest drop, as property prices also slide for third month in a row

Average UK rents have fallen for the first time in more than seven years, with London seeing the biggest decline, according to new data.

The slowdown in the rental sector mirrors a similar picture in the housing market, with figures showing that property prices have fallen for the third month in a row.

Related: Yes, house prices are falling: but they probably won’t fall quickly

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Jun
05

The six-day war: Israel claims land and air successes – archive, 6 June 1967

6 June 1967: Major tank battle in Sinai desert between Israel and Egypt

Israel claimed early today that it had achieved victory in the air by destroying 374 Arab aircraft. It also claimed that Israeli ground forces had captured the towns of Rafah astride the main road from the Gaza strip to the Suez canal and El Arish, farther west.

A tank battle involving more armour than was used at Alamein was reported to be in progress between Israel and Egypt in the Sinai desert. After a day of confused reports this sector and the Gaza Strip, in which Israel claimed to have made important advances, were emerging as the key areas in the war.

Related: The six-day war: why Israel is still divided over its legacy 50 years on

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Jun
05

Hopes of EU-US trade agreement put on ice, say Brussels sources

Uncertainty grows about trade deal with the EU that some in the US felt would be more important to its interests than a post-Brexit deal with Theresa May

The prospect of a revived EU-US trade deal is in “deep freeze”, according to Brussels sources, undermining reports that the EU has been inching ahead of the UK in the race for an arrangement with Washington.

Neither Donald Trump nor European officials raised the possible resumption of talks during the US president’s visit to Brussels last month, EU sources said. Documents relating to the transatlantic trade and investment partnership, known as TTIP, had now been locked in a filing cabinet and the code to open it had been lost, one diplomat joked.

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