The Governor of the Bank of England has defended today's rise in interest rates, which will put further pressure on households, saying it was necessary amid "a series of unprecedently large shocks" to the economy.
Andrew Bailey said: "There are many people out there telling us we should do more, and we don't think that's appropriate because there are risks of further inflation … the thing that would be much worse is if inflation kept on going up." Report by Buseld.
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The governor of the Bank of England has signalled the UK is still on course for an interest rate cut as official figures show a further easing in the pace of.. Sky News
Poor software and bias toward making only small, sequential changes is one of the reasons economic forecasters at the Bank of England failed to predict and.. Sky News
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.
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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.
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In their first interview, the parents of a sixteen-year-old boy who took his own life just hours after he was blackmailed by a scammer have told ITV News their "whole world has been shattered". Murray Dowey, 16, from Dunblane was contacted on social media by someone claiming to be a young girl but was actually a scammer, who tricked him into sending an intimate image and then blackmailed him with it. Sextortion, is when intimate images and/or videos are recorded and used for financial exploitation and coercion. It is mostly committed by organised criminal gangs overseas. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In their first interview, the parents of a sixteen-year-old boy who took his own life just hours after he was blackmailed by a scammer have told ITV News their "whole world has been shattered". Murray Dowey, 16, from Dunblane was contacted on social media by someone claiming to be a young girl but was actually a scammer, who tricked him into sending an intimate image and then blackmailed him with it. Sextortion, is when intimate images and/or videos are recorded and used for financial exploitation and coercion. It is mostly committed by organised criminal gangs overseas. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Residents of Mark Menzies's constituency express dismay at allegations made against their local representative.
Fylde MP Mark Menzies lost the Conservative whip after The Times published claims that he had used political donations to cover medical expenses and pay off “bad people”.
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Police should investigate allegations an MP misused campaign funds, Labour has said. Mark Menzies lost the Conservative whip after claims emerged that he had used political donations to cover medical expenses. Menzies disputes the allegations. Starmer said: “There are obviously a lot of unanswered questions in relation to these allegations, not least why it seems the Conservative Party took so long to act and whether they’ve reported this to the police, who, it seems to me, should be involved" Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Fylde MP Mark Menzies has lost the Conservative whip as the party investigates claims of misuse of funds. On Wednesday, The Times published claims Mr Menzies had used political donations to cover medical expenses and pay off "bad people” who had locked him in a flat and demanded thousands of pounds for his release. Labour says the police should investigate the allegations of misused funds. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rising Energy Costs, Expected to Drive Inflation , to an All-Time High in the UK.
'The Independent' reports that new data from the Office
for National Statistics will paint a clear picture of the ,..
Credit: Wibbitz Top Stories Duration: 01:31Published
The Bank of England has raised interest rates to one per cent - their highest level since 2009 - as the UK's cost of living crisis is intensified by the war in Ukraine.
Announcing the move, Bank of..
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