The Bank of England has once again pushed up interest rates, in the tenth hike in a row.
Seven members of the Bank of England’s Monetary Policy Committee (MPC) voted to increase the base interest rate from 3.5% to 4% to help bring down double-digit inflation, with two voting to keep it unchanged.
The decision comes after BoE Governor Andrew Bailey provided some optimism for the future of the UK economy as he insisted the country has turned a corner on rising inflation.
Report by Patelr.
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Andrew Bailey says he is "very pleased" that the UK and the US have reached a trade deal agreement. But the governor of the Bank of England adds the deal will become much more important "if it becomes the trendsetter" for agreements involving the rest of the world. His comments come after the Bank of England cut interest rates from 4.5% to 4.25%. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report by Brooksl. 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 cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says the Conservative Party's immigration policies are "much tighter" than before and that exit checks are needed. The party leader's comments come after a cross-party committee of MPs said the Home Office had failed to check whether foreign workers were leaving the UK or staying to work illegally. She adds that small boat crossings have increased under Labour and "everything is getting worse". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says she is "glad" the government chose to proscribe Palestine Action as a terrorist group. The Conservative Party leader adds, "some people believe they can just destroy things and get away with it". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jordan Henderson lays flowers at the memorial for former teammate Diogo Jota outside Anfield. The ex-Liverpool captain can be seen wiping tears from his eyes, as he stands among a sea of scarves, flags and balloons. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A sea of scarves, flowers and football shirts have been laid outside Anfield, as tributes continue to pour in for Diogo Jota. The Liverpool forward and his brother Andre Silva died in a car accident in the Spanish province of Zamora in the early hours of Thursday morning. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says the government is "not in control of the country" and that Sir Keir Starmer is "completely at sea". The Conservative Party leader adds that Labour is "refusing" to deal with the "many people" that don't need benefits. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
January Inflation Report , Misses Slowdown Expectations.
The consumer price data for Jan. was released on Feb. 14.
The data shows that consumer prices for the month increased by 6.4 percent.
The..
Credit: Wibbitz Top Stories Duration: 01:31Published
“I think there’s going to be a crisis this year. I don’t think there’s going to be a soft landing, I don’t think there is a disinflation. I think there’s going to be a hard landing,”..
Rachel Reeves says she "respects" the independence of the Bank of England after they raised interest rates to 4% on Thursday, saying: "It's their job to meet the inflation targets through changes in..
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