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Bank of England Governor Andrew Bailey has blamed a wave of early retirement for the increase in inflation and interest rates, the Telegraph says. It observes the governor’s comments are the clearest sign yet that the Bank is concerned about the number of people retiring early. Inflation in the UK stands at 10.4%, the highest rate in the G7 group of major economies.

Daily Telegraph Front Page 5th of February 2026

Angela Rayner challenged the PM over the Mandelson affair, prompting a rapid reversal after Labour MPs rebelled. No 10 moved to distance itself and ordered a review into contacts and lobbying. The episode has raised doubts about the PM’s authority and party discipline.

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Daily Telegraph Front Page 4th of February 2026

Brown alleges No 10 concealed details about Lord Mandelson’s leaked emails with Jeffrey Epstein, demanding a full account from officials. The Met has opened an investigation based on the files. Under pressure, Mandelson resigned from the Lords as scrutiny intensifies.

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Daily Telegraph Front Page 3rd of February 2026

Lord Mandelson faces claims he leaked No 10 emails to Jeffrey Epstein, including updates on economic policy. The Met is assessing possible misconduct, while Starmer urges the removal of his peerage. Downing Street correspondence from 2009 is said to have been shared.

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Daily Telegraph Front Page 2nd of February 2026

US lawmakers are moving to order Lord Mandelson to provide evidence about a disgraced financier’s network. The House Oversight Committee believes he holds material on potential enablers and may issue a subpoena if he declines to cooperate. The step forms part of a wider inquiry into accountability.

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