Chancellor insists govt are acting to combat rising inflation
Video Credit: ODN - Duration: 01:04s - Published
Chancellor insists govt are acting to combat rising inflation
Chancellor Rishi Sunak insists the government and Bank of England are acting to combat rising inflation, saying "I want people to be reassured that we have all the tools we need and the determination to reduce inflation and to bring it back down".
Report by Blairm.
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Rishi Sunak and German Chancellor Olaf Scholz held a joint press conference. Speaking today in Berlin, the prime minister confirmed the reduction in civil service headcount to pre-pandemic levels would partly fund the defence spending uplift. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak met the Chancellor Olaf Scholz in Berlin on Wednesday to discuss closer co-operation on security, trade and illegal migration.
Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak visits Germany, the day after announcing in Poland that the UK will spend 2.5% of GDP on defence by 2030. The prime minister is welcomed with military honours by Chancellor Olaf Scholz in the country's capital. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak visits Germany, the day after announcing in Poland that the UK will spend 2.5% of GDP on defence by 2030. The prime minister assures officers of the pride and gratitude shared by allies who are all excited to work alongside them. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Emily Thornberry says ''Labour's first priority is safety'' as she pledges to increase defence spending. The shadow attorney general questions how Prime Minister Rishi Sunak is going to fund the 75 billion pounds increase in defence spending he announced yesterday. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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
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 ÂŁ5, ÂŁ10, ÂŁ20 and ÂŁ50 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 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
Former Labour MP and crossbench peer Frank Field has died at the age of 81. He was MP for Birkenhead between 1979 and 2019, and served as welfare reform minister in the first Blair government. Although a Labour man for most of his life, he was a maverick who ploughed his own political furrow, and his death has prompted tributes from across the political spectrum. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Three people are injured and are receiving treatment after an incident at Ysgol Dyffryn Aman school in Ammanford in south-west Wales. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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