Governor Andrew Bailey insists that the Bank of England is not “desiring a recession” after he raised interest rates to five percent, an increase of half a point, saying “we will do what is necessary to bring inflation down to target”.
Report by Blairm.
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Bank of England Governor Andrew Bailey has said he is 'encouraged' by the direction of inflation, hinting borrowing costs could soon be cut if inflation is reined in. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chief Cashier of the Bank of England Sarah John has welcomed the new bank notes featuring a portrait of His Majesty The King. The King welcomed Mrs John and Governor of the Bank of England Andrew Bailey to Buckingham Palace, where he was presented with £5, £10, £20 and £50 notes. These are the first notes which feature the image of His Majesty. Mrs John said it's "a great pleasure to be able to show the King what he's going to look like on the bank notes of the future." Mrs John revealed the bank notes will be released to the general public on the 5th of June. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The King welcomed Bank of England Governor Andrew Bailey to Buckingham Palace, who presented him with the first bank notes featuring his portrait as monarch. The portrait of His Majesty which appears on the notes is based on a portrait that was provided by the Palace to the Bank of England.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead. Bank governor Andrew Bailey said the economy is “not yet at the point” where rates can be lowered, but things are “moving in the right direction”. For the first time since September 2021, no-one on the nine-person decision-making body that sets interest rates voted for an increase.
Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt has welcomed the Bank of England's decision to leave interest rates unchanged, adding he would rather it didn't rush into a decision it'd later have to backtrack on. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chief Secretary to the Treasury Darren Jones has said there are a number of policy initiatives that could help bring inflation down after the Bank of England decided to leave the rate unchanged. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Bank of England has edged closer to a cut in interest rates, with another member of its nine-person Monetary Policy Committee (MPC) voting for lower.. Sky News
A Moroccan asylum seeker has been sentenced to life in jail for murder, with a minimum term of 45 years, at Teesside Crown Court. In October last year, 45-year-old Ahmed Alid stabbed Iranian Christian convert Javed Nouri at the house he was sharing with other asylum seekers before looking for more victims in Hartlepool town centre. He then stabbed and killed 70-year-old Terence Carney who was out for his regular early morning walk. Alid told police he had committed his crimes out of “revenge” for Israel killing children in the Palestinian conflict. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Pastor of Jubilee Church, Tope Koleoso, described the service for 14-year-old Daniel Anjorin as “gentle and peaceful” as dozens of mourners gathered to pay their respects.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The personal fortunes of the prime minister and the King have risen in the last 12 months, according to the Sunday Times Rich List 2024. Rishi Sunak and wife Akshata Murty’s wealth surged from £529m last year to £651m this year. Meanwhile, King Charles’ wealth also grew, rising from £600m last year to £610m this year. This year’s list was again topped by Gopi Hinduja and his family, who control the Hinduja Group, and saw their wealth rise from £35bn to £37.2bn. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Post Office's chief financial officer, and former interim CEO, Alisdair Cameron arrives at the Post Office Inquiry. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow science secretary Peter Kyle has insisted every one of Labour's policies will be “fully costed and fully funded” after Chancellor Jeremy Hunt accused Labour of resorting to "playground politics".
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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