Ex-Bank of England economist 'laments' Labour U-turn on £28bn green pledge

Wes Streeting says Dan Poulter's defection 'speaks volumes'

The shadow health secretary says Dan Poulter's defection to Labour "speaks volumes." Dr Dan Poulter, a former Conservative MP, announced he would be taking the Labour whip until the next election as the Conservative party no longer prioritised the NHS. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Keir Starmer comforts emotional veteran during cafe visit

Sir Keir Starmer comforted an army veteran who became emotional when he explained how he set up a charity after the suicide of a fellow ex-serviceman. Dan Smith explained how he started the Darlington Veterans’ Community, a charity which helps local ex-servicemen suffering with the cost-of-living crisis, after his friend committed suicide during the pandemic. He became visibly emotional with the Labour leader, who reassured him to take his time. Sir Keir was joined in Darlington by Shadow Chancellor Rachel Reeves, during a visit to businesses ahead of next week's local elections. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Banking Chief welcomes new notes featuring King's portrait

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 is presented with bank notes featuring his portrait

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

Bank of England keeps interest rates on hold

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 hails inflation rate fall to 3.4%

Chancellor Jeremy Hunt announces UK inflation fell to the lowest level in more than two years, to 3.4%. He would not be drawn on whether the fall would allow him to announce pre-election tax cuts in an autumn statement. Mr Hunt said: “What I’m really saying is that as inflation gets closer to its target, that opens the door for the Bank of England to consider bringing down interest rates, that brings down mortgage rates, that makes a very big difference. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn