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      Conservatives Suffer Setback in Parliamentary Election in Britain

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      The results came as Prime Minister Rishi Sunak deals with a shrinking economy and discontent over a crisis gripping the country’s health system.Britain’s governing Conservative Party has lost the first of two parliamentary elections in a new blow to its embattled leader, Prime Minister Rishi Sunak, whose future has been questioned by critics within his fractious political party.The Conservatives were defeated in Kingswood, near Bristol, by 8,675 to 11,176 votes, losing a seat that the party had previously held. Votes were cast Thursday to replace two Conservative lawmakers who had quit Parliament, with the first set of results announced early Friday morning.With a general election expected later this year, the result is likely to compound Mr. Sunak’s difficulties at a time when the British economy is shrinking, interest rates are high, and Britain’s health service seems to be in a state of almost permanent crisis. Opinion polls show his party trailing the opposition Labour Party by double-digit margins.The results from the second parliamentary election, in Wellingborough, are expected later on Friday morning. Turnout in both contests was low at less than 40 percent, with many people staying home rather than casting a ballot.A woman leaving a polling station after casting her vote in the Kingswood by-election near Bristol, Britain, on Thursday.Phil Noble/ReutersThe gloomy mood within the Conservative Party had already deepened on Thursday, after the release of economic data showing that in the last months of 2023, Britain had officially entered a recession.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      A Hot CPI Report Forces a Rethink of Chances of a Soft Landing

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      Worries of higher-for-longer interest rates have grown since Tuesday’s Consumer Price Index report.A hotter-than-expected inflation report has stoked new concerns that a “soft landing” may be out of reach.Michael M. Santiago/Getty Images“No landing” Markets are still on edge after Tuesday’s hot inflation report, as Wall Street suddenly and sharply discounted the odds of imminent interest rate cuts.It has also poured cold water on the belief among many investors that the U.S. economy will achieve a “soft landing.”Why so gloomy? The Consumer Price Index report, which came in above economists’ forecasts, is a stark reminder of the challenges that the Fed faces in bringing down inflation to its 2 percent target. Even after excluding volatile energy and food prices, inflation is holding roughly steady and is well above where the central bank feels comfortable.Shelter costs, including rents, also rose above expectations, and “supercore inflation,” a measure the Fed closely follows that includes common “services” expenditures — like haircuts and lawyer fees — rose 4.3 year-on-year, its highest level since May, according to Deutsche Bank data.Markets responded with a jolt. Investors dumped Treasury notes on Tuesday amid concerns that the Fed will keep borrowing costs higher for longer. That pushed the Russell 2000 down nearly 4 percent, its worst slide in 20 months. (That said, S&P 500 futures were rebounding slightly on Wednesday morning as dip-buyers returned, and Britain reported milder-than-expected inflation data that pushed up stocks in London.)The futures market on Wednesday is pricing in three to four interest rate cuts this year, down from the six to seven projected at the start of the year and all but silencing rate-cut bulls. Such predictions “made no sense in our view,” Mohit Kumar, an economist at Jefferies, wrote in a research note.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      King Charles Appears in Public for First Time Since Cancer Announcement

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      The British monarch and Queen Camilla went for a brief walk to a church on the estate where they live. Buckingham Palace said last week that the king was being treated for an unspecified form of cancer.King Charles III on Sunday was seen publicly for the first time since Buckingham Palace announced last week that he was being treated for cancer, strolling into a church on the royal Sandringham estate where he has his residence.Charles, 74, waved and smiled at well-wishers who had gathered nearby to capture a glimpse of the monarch as news cameras flashed. He walked alongside his wife, Queen Camilla, before heading into the 11 a.m. service at St. Mary Magdalene Church.Later, both the king and queen smiled and waved for the cameras as they headed back to their home at Sandringham House.In a message released by Buckingham Palace on Saturday, King Charles thanked the public for supporting him since the news of his cancer diagnosis was announced.“As all those who have been affected by cancer will know, such kind thoughts are the greatest comfort and encouragement,” he said.The king added that it was “equally heartening to hear how sharing my own diagnosis has helped promote public understanding and shine a light on the work of all those organizations which support cancer patients and their families across the U.K. and wider world.”Last month, Charles was admitted to a hospital for a routine operation to treat an enlarged prostate. But on Monday, the palace announced that during the course of that treatment, an unspecified form of cancer had been discovered. He has begun treatment for cancer and paused his public engagements during that time.The king is currently staying at Sandringham, about 100 miles northeast of London.The decision by the palace to disclose to the public that the king, Britain’s head of state, was being treated for cancer, provided a rare candid insight into the health of a monarch.But it has also left many questions in its wake, with little clarity on the seriousness of his illness or how long he will be receiving treatment. More

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      What King Charles’s Cancer Diagnosis Means for Princes William and Harry

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      How life may change for the Prince of Wales and his younger brother, Harry, who flew from Los Angeles to visit their father.Less than two weeks after King Charles III was admitted to a London hospital to be treated for an enlarged prostate, Buckingham Palace disclosed that tests had revealed “a form of cancer.” As Charles has been “advised by doctors to postpone public-facing duties,” many expected other members of the royal family to step up to the plate. So what does the news mean for Charles’s two sons, William and Harry?Will any of the king’s ‘public-facing duties’ fall to Prince William?Any of the small handful of working senior royals could theoretically be called upon to attend events in King Charles’s place and take on other duties while he receives treatment. Queen Camilla, Princess Anne and Sophie, the Duchess of Edinburgh, are expected to absorb some of them.But a great many of Charles’s duties are expected to fall to his son William, the Prince of Wales, who is the heir to the throne. The prince had only recently decided that he would be taking some time off from his public duties while his wife, Catherine, was hospitalized for a “planned abdominal surgery.” (To allow for her recovery, Catherine would not be undertaking any public activities until after Easter, the royal family said at the time.)“With the Princess of Wales undergoing abdominal surgery and being out of the public eye, I think the spotlight will surely fall to Prince William,” said Elizabeth Holmes, a journalist who has written widely about the royals. Camilla had also been keeping a full schedule recently, Ms. Holmes added, saying that last week the queen consort had had “public engagements every day, which is a lot.”Much of the last month for Prince William has been spent attending to his wife, Catherine, who is recovering from an abdominal surgery.Chris JacksonHow will Prince William’s day-to-day role change during this time?William’s life had already been turned upside-down by his wife’s hospitalization, but in the weeks ahead, he is likely be asked to add events and ceremonies from his father’s schedule to his own.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      King Charles’s Cancer Diagnosis May Reshape How U.K. Monarchy Works

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      Britain’s king has been a highly visible royal, making hundreds of public appearances. As he steps back from view, who will fill the gap?Queen Elizabeth II liked to say that she needed to be seen to be believed. Now it falls to her son King Charles III to test that principle, after a cancer diagnosis that will force him out of the public eye for the foreseeable future.For a family that has cultivated its public image through thousands of appearances a year — ribbon-cuttings, ship launchings, gala benefits, investiture ceremonies, and so on — the sidelining of Charles may finally force the royals to rethink how they project themselves in a social-media age.The king’s illness is the latest blow to the British royal family, which has seen its ranks depleted by death (Elizabeth and her husband, Prince Philip), scandal (Prince Andrew), self-exile (Prince Harry and his wife, Meghan), and other health woes (Catherine, the wife of Prince William).Charles, who is 75, took part in 425 royal engagements in 2023, his first full year on the throne, according to a count by The Daily Telegraph. That made him the second hardest-working royal after his younger sister, Princess Anne, who did 457. Both were busier than in the previous year, when Elizabeth, though in the twilight of her life, still appeared in public sporadically.While Anne, 73, shows little sign of slowing down and William plans to return to public duties while his wife convalesces at home from abdominal surgery, even a temporary absence of the king from the public stage would put heavy pressure on the family’s skeleton crew of working royals.Princess Anne, left, during royal duties on Tuesday, giving an honor to Nicholas Spence, an operatic tenor.Yui Mok/Press Association, via Associated PressWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Northern Ireland Has a Sinn Fein Leader. It’s a Landmark Moment.

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      The idea of a first minister who supports closer ties to the Republic of Ireland — let alone one from Sinn Fein, a party with historic ties to the Irish Republican Army — was once unthinkable. On Saturday, it became reality.As Michelle O’Neill walked down the marble staircase in Northern Ireland’s Parliament building on the outskirts of Belfast on Saturday, she appeared confident and calm. She smiled as applause erupted from supporters in the balcony. Yet her determined walk and otherwise serious gaze conveyed the gravity of the moment.The political party she represents, Sinn Fein, was shaped by the decades-long, bloody struggle of Irish nationalists in the territory who dreamed of reuniting with the Republic of Ireland and undoing the 1921 partition that has kept Northern Ireland under British rule.Now, for the first time, a Sinn Fein politician holds Northern Ireland’s top political office, a landmark moment for the party and for the broader region as a power-sharing government is restored. The first minister role had previously always been held by a unionist politician committed to remaining part of the United Kingdom.“As first minister, I am wholeheartedly committed to continuing the work of reconciliation between all our people,” Ms. O’Neill said, noting that her parents and grandparents would never have imagined that such a day would come. “I would never ask anyone to move on, but what I can ask is for us to move forward.”The idea of a nationalist first minister in Northern Ireland, let alone one from Sinn Fein, a party with historic ties to the Irish Republican Army, was indeed once unthinkable.But the story of Sinn Fein’s transformation — from a fringe party that was once the I.R.A.’s political wing, to a political force that won the most seats in Northern Ireland’s 2022 elections — is also the story of a changing political landscape and the results of the 1998 Good Friday Agreement, which ended the decades-long sectarian conflict known as the Troubles.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Squeeze on British Businesses Is Not Letting Up Soon

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      Company insolvencies hit a three-decade high, with businesses under pressure from high debts, prices and interest rates. The Bank of England held rates steady on Thursday.Britain’s economy faces a bracing fact: The number of companies that folded last year was the highest in three decades.More than 25,000 companies registered as insolvent in 2023, the most since 1993, according to government data published this week. As pandemic-related support measures for businesses ended, the wreckage from years of high debt and interest rates, soaring prices and a cost-of-living crisis become clearer. Insolvencies have spread from small to larger businesses, analysts said.Businesses still dealing with relatively high costs, demands for higher wages, supply chain uncertainties and wavering consumer confidence are hoping for brighter economic times. Slower inflation, stronger growth and cuts to interest rates are expected to come this year, but not soon.On Thursday, the Bank of England held interest rates at 5.25 percent, the highest since 2008, and where they have remained since August, after rising from just above zero in a series of increases over a year and a half.Policymakers said inflation had declined, including wage growth and services inflation, but some measures of persistence remained “elevated.” Two members of the nine-person rate-setting committee voted for a quarter-point rate increase, while one voted for the first time to cut rates.There has been good news on inflation, “but we have to be more confident that inflation will fall all the way back to the 2 percent target and stay there,” Andrew Bailey, the governor of the bank, said on Thursday. “We are not yet at a point where we can lower interest rates.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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      D.U.P. in Northern Ireland Breaks Political Deadlock After Nearly 2 Years

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      The Democratic Unionist Party walked out of government in 2022 over post-Brexit trade rules. But on Tuesday, the party said it would return to power-sharing after negotiating with the British government.The Democratic Unionist Party, the main Protestant party in Northern Ireland and one of its biggest political forces, said on Tuesday that it was ready to return to power sharing after a boycott of almost two years had paralyzed decision-making in the region.After an internal meeting that stretched into the early morning, Jeffrey Donaldson, leader of the party, known as the D.U.P., said at a news conference that he had been mandated to support a new deal, negotiated with the British government, under which his party would return to Northern Ireland’s governing assembly.“Over the coming period we will work alongside others to build a thriving Northern Ireland firmly within the union for this and succeeding generations,” Mr. Donaldson said. He added, however, that the return to power sharing was conditional on the British government’s legislating to enshrine a new set of measures that had not yet been made public.The decision by the D.U.P., which represents those who want Northern Ireland to remain part of the United Kingdom, will be welcomed by many voters frustrated by the political stalemate, as well as by the British and Irish governments, which have both put pressure on the party to end the deadlock.But it could also herald a seismic shift in the territory’s history, opening the door for Sinn Fein, the Irish nationalist party, to hold for the first time the most senior political role of “first minister” rather than “deputy first minister.”Sinn Fein is committed to the idea of a united Ireland, in which Northern Ireland would join the Republic of Ireland, rather than remain part of the United Kingdom.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More