Bank of England boss 'more optimistic' of avoiding recession
Video Credit: ODN - Duration: 00:43s - Published
Bank of England boss 'more optimistic' of avoiding recession
The governor of the Bank of England has said although the UK's economy is "not off to the races", he is now "more optimistic" that Britain could avoid going into recession.
Andrew Bailey sought to reassure the public that they would not see a repeat of the 2008 financial crisis, saying: "I'm confident that the banks in this country are in a much stronger position." Report by Buseld.
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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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Prime Minister Rishi Sunak promises to “sit there and vote” until his Rwanda Bill is passed on Monday.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak hopes to strip GPs of their power to sign people off work as part of a plan to tackle what he calls the UK's "sick note culture".
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Former SNP chief Peter Murrell returns home on Thursday evening after being charged in connection with the embezzlement of funds from the Scottish National Party.
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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
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