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UK weather: Temperatures ‘plunge to minus 8C’ as snow and ice warnings in place over weekend | UK News

Temperatures are expected to plunge to minus 8C as weather warnings for snow and ice are set to remain in place over the weekend.

The UK Health Security Agency (UKHSA) has issued cold weather health alerts for all of England ahead of a week of low temperatures.

Amber alerts were issued from 12pm on Thursday until next Wednesday, meaning a rise in deaths is likely, particularly among those aged 65 and over or with health conditions.

Temperatures of between minus 4C and 5C were expected in parts of Wales and southern England on Thursday night, plunging to minus 8C in northern England and Scotland.

Dan Stroud, a meteorologist at the Met Office, said: “There’ll be widespread frost across the country from Land’s End to John O’Groats.

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“It will be comfortably below where we should be for this time of year and I would expect temperatures to hit minus 8C in parts of Scotland.”

Mr Stroud confirmed conditions should become warmer by the end of this weekend before cold weather strikes again early next week.

He said: “The second half of the weekend should be in the high singles or low doubles.

“But temperatures will dive again next week, particularly on Monday and Tuesday.

“They should start to improve towards the latter end of the week. But there’s a lot of water to go under the bridge until then.”

Snow settled on the ground in the west end of Aberdeen on 2 January. Pic: PA
Image:
Snow settled on the ground in the west end of Aberdeen on 2 January. Pic: PA

The NHS Black Country integrated care board has warned the public to “avoid going out early when the frost is thick or late at night when it’s dark”, adding people should keep their hands free and wear shoes with a good grip.

In Herefordshire, the Wye Valley NHS Trust told people to “have sufficient food and medicine and take measures to reduce draughts in your home”.

London councils activated an emergency accommodation protocol on Thursday for people sleeping rough in freezing conditions.

The emergency measures, which see extra beds made available, have been active for three nights so far this winter.

Meanwhile, several weather warnings have been issued by the Met Office ahead of a blast of snow over the weekend.

Friday's weather warnings. Pic: Met Office
Image:
Friday’s weather warnings. Pic: Met Office

The yellow warning indicates there could be icy surfaces in northern and western Scotland, the northwest of England and Northern Ireland.

It will remain in place until 10am on Friday morning, and could make for difficult travelling conditions, the forecaster warned.

A snow and ice warning is also in place covering parts of northern Scotland until 10am on Friday.

A yellow warning for snow and ice is in place from noon on Saturday until late on Sunday night and covers all regions of England, other than the South West, Wales and parts of southern Scotland.

Weather warning for snow and ice in place on Saturday. Pic: Met Office
Image:
Weather warning for snow and ice in place on Saturday. Pic: Met Office

About 5cm of snow is expected widely across the Midlands, Wales and northern England, with as much as 20cm to 30cm over high ground in Wales and the Pennines, the Met Office said.

Strong winds could lead to snow drifts in some areas, and freezing rain as temperatures creep up could add to the risk of ice.

Weather warnings in place on Sunday. Pic: Met Office
Image:
Weather warnings in place on Sunday. Pic: Met Office

A separate warning for snow is in place for most of Scotland from midnight on Sunday until 12pm on Monday.

The cold snap comes as a major incident was declared in Greater Manchester by police on Wednesday after flooding forced homes to be evacuated and closed train lines and roads following heavy rain.

Health of European banks in focus as stocks plunge again over Credit Suisse and rate rise worries | Business News

Banking stocks are enduring fresh, steep losses on Wednesday as concern over the health of US banks crosses the Atlantic.

Credit Suisse shares plunged to new record lows following comments by its largest investor that it could not provide the Swiss bank with more financial assistance.

Switzerland’s second-largest bank, no stranger to crisis over the past few years, has seen concerns for its financial health come into sharper focus since the collapse of Silicon Valley Bank last week.

The attention of investors has mostly been on the ability of lenders to absorb the aggressive tightening of interest rates since last year, which has soured their bond holdings.

Adding to the selling mood was speculation that the European Central Bank (ECB) planned to raise its core deposit rate by 0.5 percentage points this Thursday.

A source close to the ECB Governing Council, the Reuters news agency reported, had said that the ECB was unlikely to ditch plans for a big rate move this week because that would damage its credibility.

Analysts backed that assessment.

Investors took to the hills, with the European banking index down by almost 6%, leaving it on course for €120bn of losses since the crisis of confidence began last week.

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Markets react to SVB collapse

Read more:
How Silicon Valley Bank chaos has had a bearing on us all – and why we’re in for a bumpy few months

Credit Suisse shares were more than 20% lower.

In London, the FTSE 100 was trading 2.5% down by late morning, blow the level it had started 2023.

Financial stocks were again enduring the worst of the pain.

US equity futures were sharply lower.

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Silicon Valley Bank – what happened?

Attention, however, was firmly focused on Credit Suisse.

Its largest shareholder, Saudi National Bank (SNB), said it would not buy more shares on regulatory grounds as it would take its stake above 10%.

A string of scandals have undermined the confidence of its investors and clients, with Credit Suisse customer outflows in the fourth quarter rising to more than 110 billion Swiss francs (£100bn)

SNB said it was happy with Credit Suisse’s turnaround plan and did not think it would need more money.

That was despite its annual report for 2022, released earlier this week, admitting that “material weaknesses” in controls over financial reporting had been identified and customer outflows had not yet been stemmed.

Real wages see record plunge over three months | Business News

Regular pay has seen the biggest plunge in more than 20 years when rising prices are taken into account, the Office for National Statistics has said.

Real wages – a measure of regular wage growth when inflation is factored in – fell 3.7% from March to May, the ONS said.

This was the worst year-on-year drop since records began in 2001.

“Following recent increases in inflation, pay is now clearly falling in real terms both including and excluding bonuses,” said David Freeman, head of labour market and household statistics for the ONS.

UK households are seeing their spending power eroded by soaring fuel and energy costs.

Real wages took a 3.5% hit in the year to May – an improvement on April’s figure of 4.5%, but still worse than any other time on record.

The employment rate remains below pre-pandemic levels despite increasing by 0.4 percentage points to 75.9%.

While the number of people neither working nor looking for a job is now falling, it remains well up on where it was before COVID-19 hit.

“With demand for labour clearly still very high, unemployment fell again, employment rose and there was another record low for redundancies,” Mr Freeman said.

DWP Minister Julie Marson said it was “fantastic news” that the UK now has two million more women in work than in 2010, adding that the latest OECD data shows the country has the second highest level of women in work in the G7.

“As we grow the economy, it’s vital we make sure everyone can find a job that’s right for them – and importantly that they can progress in work,” she said.

“That’s why we’re keeping up our support to get people at any age or career stage into work, including a new multi-million pound offer to help the over 50s get into, and remain in employment.”