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‘A significant moment for the North’: Leaders welcome King’s Speech boost for Northern Powerhouse rail plans

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Scheme would improve links through Manchester Airport and across the North

Concept design for an underground HS2 station at Manchester Piccadilly

Concept design for an underground HS2 station at Manchester Piccadilly(Image: MCC)

Northern leaders have welcomed the latest step towards high speed rail in the North as the Northern Powerhouse Rail (NPR) Bill was announced in the King’s Speech.

The bill will provide powers to boost east-west rail connections across the north in a £45bn programme. Its first phase will involve improving connections on existing lines between Leeds and Sheffield, York and Bradford.

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The second phase will see a new route created between Liverpool and Manchester via Manchester airport and Warrington, using a combination of new and existing lines. And the third and final phase would improve connections eastwards from Manchester to Leeds, Bradford, Sheffield and York.

The scheme would have benefits beyond the North West and Yorkshire, with regular services going to Newcastle via Darlington and Durham, and to Chester for North Wales connections.

The King said: “The United Kingdom’s economic security depends upon world class infrastructure. Legislation will be introduced to unlock the benefits of airport expansion; enable roads to be built at pace including the Lower Thames Crossing; and deliver a fair deal for the North of England through Northern Powerhouse Rail.”

Henri Murison, chief executive of the Northern Powerhouse Partnership, said: “The inclusion of the High Speed Rail hybrid bill to link Manchester Airport to Piccadilly station in today’s King’s Speech is a significant moment for the North.

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“For too long, we have lacked the infrastructure needed to properly connect our major economic centres and support growth across our region. Re-starting legislation paused unnecessarily by the previous government is an important step forward towards changing that.

“A reliable, more frequent and high-capacity rail network across the North will increase areas people can travel to work from, improve access to opportunity and help businesses operate across the region more effectively.

“It also will link not only Liverpool but cities like Leeds, Bradford and Hull better to Manchester Airport, opening up global direct links.

“The key thing now is maintaining this momentum and getting the consenting right so we can move without any more delays into delivery.”

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Chris Woodroofe, managing director of Manchester Airport, said: “Here at Manchester Airport we’re proud to connect the North to the world.

“We’re concluding our 10-year, £1.3bn investment which has given the region a world-class, award-winning airport.

“Not only does it connect the North to more than 200 destinations worldwide, it has immediately available capacity to grow from handling 32m passengers today to 40m by 2030 and beyond to 50m in the longer term.

“We already deliver more than £8bn of economic impact a year, providing thousands of jobs and enabling trade, investment and tourism. But placing Manchester Airport at the heart of a better-connected North will make a major contribution, helping it to operate as a highly productive and globally competitive single economic region.

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“That’s why I’m pleased to see this key step towards realising Northern Powerhouse Rail prioritised in the King’s Speech. Keeping up the momentum on this project is vital if we are to unlock its potential – to be genuinely transformative for people living right across the region.

“We know the industries, the cities, and towns of the North have real strengths and that many rely on access to the world more than most to reach their full potential.

READ MORE: Why a small Northern piece of HS2 could unlock more transport improvementsREAD MORE: Why business must back Piccadilly underground plans: Manchester leaders push ‘transformational’ scheme as they prepare for MIPIM

“Whether that’s life sciences and pharmaceuticals in Liverpool, electrification and battery technology in Sunderland and the North East, fintech and healthcare in Leeds or advanced manufacturing in Sheffield and Rotherham, all these will benefit from being directly connected to the UK’s global gateway in the North.

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“We are looking forward to working with Government and our partners across the region to see this become a reality as soon as possible.”

The King also announced legislation to create Great British Railways, a new public sector body to oversee the rail network.

Mayor of Greater Manchester Andy Burnham said in a written statement: “This is a once-in-a-generation opportunity to overhaul how the railways are run – creating a service that puts passengers first, with more reliable trains and simpler fares and tickets.”

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This article was written by

Power Hedge has been covering both traditional and renewable energy since 2010. He targets primarily international companies of all sizes that hold a competitive advantage and pay dividends with strong yields.
He is the leader of the investing group Energy Profits in Dividends where he focuses on generating income through energy stocks and CEFs while managing risk through options. He also provides micro and macro-analysis of both domestic and international energy companie. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GDXJ, NEM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am long various gold mining funds that may include positions in any stock that is mentioned in this article. I exercise no control over these funds and their holdings may change at any time without my knowledge.

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I have direct long positions in GDXJ and NEM. I am long physical gold, physical silver, and physical platinum.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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With the Middle East conflict dragging on, concerns over inflationary pressures have increased, Shin said in a speech Friday marking the central bank’s 76th anniversary.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Wolf Report is a senior analyst and private portfolio manager with over 10 years of generating value ideas in European and North American markets, and the owner of Wolf of Value, a service focusing on international dividend-paying value investments.He further covers the markets of Scandinavia, Germany, France, UK, Italy, Spain, Portugal and Eastern Europe in search of reasonably valued stock ideas.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CRARY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment.

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Short-term trading, options trading/investment and futures trading are potentially extremely risky investment styles. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved.

I own the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in my articles. I own the Canadian tickers of all Canadian stocks I write about.

Please note that investing in European/Non-US stocks comes with withholding tax risks specific to the company’s domicile as well as your personal situation. Investors should always consult a tax professional as to the overall impact of dividend withholding taxes and ways to mitigate these.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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(VIDEO) USMNT Dominates Paraguay 4-1 in Historic World Cup Opener at SoFi Stadium

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Christian Pulisic

INGLEWOOD, Calif. — The United States men’s national team delivered a commanding performance in its 2026 FIFA World Cup opener Friday night, defeating Paraguay 4-1 at SoFi Stadium in a display that sent a strong message as co-hosts of the tournament.

Folarin Balogun scored twice in his World Cup debut, Christian Pulisic provided creative spark with key assists before halftime, and Giovanni Reyna added a stunning late goal to cap the victory. The result marked the most goals scored by the U.S. in a single World Cup match since 1930 and gave the Americans an ideal start in Group D.

The match, played before a raucous home crowd in the Los Angeles area, showcased the attacking fluency that coach Mauricio Pochettino has been building. The U.S. controlled possession and created numerous chances, outplaying a Paraguay side that had been solid in qualifying but struggled to contain the hosts’ pace and movement.

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The Americans took the lead in just the seventh minute. Pulisic split two defenders with a precise pass to Weston McKennie in the box. McKennie’s cutback was turned into his own net by Paraguayan midfielder Damián Bobadilla under pressure from Balogun, giving the U.S. an early 1-0 advantage.

Pulisic, playing with the confidence of a veteran leader, continued to orchestrate the attack. Around the 31st minute, he delivered another dangerous ball into the area that Balogun finished clinically for his first international goal of the tournament, making it 2-0. Balogun had a goal called back for offside moments earlier but stayed sharp.

In first-half stoppage time, Balogun added his second. Receiving the ball near the edge of the box, he evaded two defenders with composure before curling a left-footed shot into the top corner, beyond the reach of goalkeeper Orlando Gill. It was a moment of individual brilliance that sent the crowd into a frenzy and gave the U.S. a 3-0 halftime lead — a commanding cushion in their first home World Cup match in decades.

Pochettino made changes at the break, including substituting Pulisic as a precaution after he took a kick to his left calf. The captain later said he hoped it was nothing serious. Paraguay pushed for a response in the second half, and their persistence paid off in the 73rd minute when Maurício pulled one back to make it 3-1.

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The U.S. maintained control despite the setback. Defenders like Chris Richards were nearly flawless in distribution, and the midfield trio of Tyler Adams, McKennie and others dictated the tempo. Malik Tillman was influential in linking play throughout.

Deep into stoppage time, with the outcome already decided, Reyna provided the perfect finishing touch. He received the ball on the right side and unleashed a trivela — an outside-of-the-foot strike — that sailed into the far corner for his first World Cup goal. The 4-1 final scoreline reflected the U.S. dominance, though the visitors showed resilience in the latter stages.

This victory comes as the U.S. seeks to surpass its best modern World Cup performances. Hosting the tournament alongside Canada and Mexico brings added pressure and opportunity. A strong opening result boosts confidence heading into subsequent group matches and potentially deeper into the knockout stages.

Pochettino’s tactical setup emphasized quick transitions, high pressing and fluid attacking movements. Players like Balogun, who has been prolific at the club level with Monaco, provided the clinical edge that has sometimes eluded the U.S. in past tournaments. Pulisic’s vision and McKennie’s energy were central to the early breakthroughs.

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For Paraguay, it was a difficult night despite their reputation as a tough, organized side. They had conceded few goals in qualifying against strong South American opponents but found themselves overwhelmed by the hosts’ intensity on the night. The own goal and defensive lapses proved costly.

The atmosphere at SoFi Stadium was electric, with fans waving flags and chanting throughout. As co-hosts, the U.S. benefited from passionate home support that amplified their performance. The win not only secures three points but also energizes the domestic soccer community during this landmark event.

Post-match, players and coaches expressed satisfaction with the result while maintaining focus on the challenges ahead. The group stage remains competitive, and the U.S. will look to build on this foundation. Balogun’s brace in particular drew comparisons to historical U.S. performances, highlighting the potential of this squad.

This match represented more than just a scoreline. It signaled the U.S. team’s evolution under Pochettino and its readiness to compete at the highest level on home soil. With talent across the pitch and growing belief, the Americans have positioned themselves well for what promises to be a memorable tournament.

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The 2026 World Cup continues with high expectations for the host nations. For the U.S., Friday’s result provides momentum and validation of their preparations. Fans and analysts alike will watch closely as the team aims to make a deep run and create lasting memories in front of passionate domestic crowds.

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