Farmer Tips Off Airbase Arrests, US Yields Grind Higher, More
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What sparked the police investigation at RAF Fairford airbase?
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UK police are investigating a potential terrorism incident after five men were arrested near RAF Fairfoot. The airbase is a key launching point for US strikes against Iran after Britain approved its use for defensive strikes. Sources tell Bloomberg investigators are examining possible Iranian state involvement, although they cautioned the motive remains unclear.
How did a local farmer’s tip lead to the arrest of suspected terrorists?
Authorities believe a serious attempted attack was disrupted at a late stage with armed police. Police called after three suspicious vehicles appeared to be travelling towards the base. Gloucestershire's acting chief constable Maggie Blythe has given this update. A cordon
remains in place around the vehicles and around eighty-five households are currently unable to return to their homes.
Maggie Blythe there with the UK's Defence Secretary saying that it would be unwise to speculate whether Iran was involved. President Trump told reporters the suspects were quote looking to do big damage to the facility.
While more details are emerging on the suspected terror plot, it appears the arrests were not made as a result of prior intelligence, but following a tip off from a local farmer. Limberg's Freddie Fulston has more.
The farmer who alerted police told the BBC she found three white vans blocking the road. She says a group of hooded and masked men ran off before she called 999, bringing armed police within ten minutes. The woman believes her call foiled their plans, telling the BBC, it was pure luck she spotted the vehicles. In London, Freddie Fulston, Bloomberg Radio.
Why did Labour cancel its conference broadcast interviews and what’s the new industrial plan?
The suspected attack plot has already appended Labour's carefully crafted plans for its party conference. Chancellor John Healy has cancelled a round of broadcast interviews planned for today. The Defence Secretary will speak to outlets instead, and later on today, Healy will pledge a new age of industrialisation. This according to a Treasury preview of his speech. He'll announce two major maritime projects worth billions of pounds, but the worsening global backdrop is putting
We've had a a decade since Brexit and it's been a decade of too much drift, too much division, and we need to draw a line on that. We need to set out a new direction for the country.
The Health Foundation estimates Burham's ambition for free social care across England could cost eighteen billion pounds a year. The Prime Minister disputes that figure but says that unpopular choices, including higher taxes, may be needed to faunt fund reform.
Iran is sticking to its seven day proposal to open the Strait of Hormuz after President Trump rejected the offer. The US President told Axios over the weekend that Tehran had overplayed its hand. The Islamic Republic says it won't soften its demands and awaits a full response from mediators.
What’s driving the recent surge in U.S. Treasury yields and how might it affect the economy?
Here's Bloomberg's Stuart Livingston Wallace.
We're exactly where we were several months ago, in the sense that Iran puts forward a deal that looks very much like the MAU that was signed back in the summer. that largely gets rejected. And again, we're the situation now where both sides think s the other one will blink first. And the reality is that there is no sign that either side is going to blink first. Both can sustain, I think, the level of pain that they're getting in terms of either attacks on shipping or the attacks on their economies or whatever else. Plus of course the additional calculation for the US president who's got the midterms coming up. Be interesting to see if he does anything
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Chapters
7 chapters
1
What sparked the police investigation at RAF Fairford airbase?
0:00–0:56
2
How did a local farmer’s tip lead to the arrest of suspected terrorists?
0:56–2:07
3
Why did Labour cancel its conference broadcast interviews and what’s the new industrial plan?
2:07–3:21
4
What’s driving the recent surge in U.S. Treasury yields and how might it affect the economy?
3:21–4:15
5
Which European companies are under the greatest financial strain and why?
4:15–5:26
6
What new trade concessions did the U.S. and China reach, and how will they impact tariffs?
5:26–6:31
7
How are oil prices and bond markets influencing today’s stock market outlook?
6:31–7:51
Speakers
10 identifiedMore from Bloomberg News Now
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