The Governor of the Bank of England has said inflation is still "far too high" as the bank once again raised interest rates in a bid to control soaring prices.
Following an unexpected jump in inflation in February, Andrew Bailey said: "We need to see it starting to come down progressively and get back to target." Report by Buseld.
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Bank of England governor Andrew Bailey says cutting the interest rate from 4.25% to 4% was a "finely balanced decision". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England governor Andrew Bailey says there is "genuine uncertainty about the course of the direction" of interest rates, despite today's cut and his belief that the path will continue downwards. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England governor Andrew Bailey announces an interest rate cut from 4.25% to 4%, adding that inflation is expected to hit 4% in September. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The system for regulating water companies should be overhauled and replaced with one body for England and one body for Wales, a landmark review of the sector has advised. The much-anticipated report from the Independent Water Commission, led by former Bank of England deputy governor Sir Jon Cunliffe, outlines 88 recommendations to the UK and Welsh governments. Water minister Emma Hardy says she cannot guarantee the government will implement all 88 recommendations. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Hugh Bonneville uses his appearance at the 'Downton Abbey: The Grand Finale' red carpet to call for international action on Gaza. Asked about the final instalment of the hit series, Bonneville instead looks into the camera and says: "Whatβs about to happen in Gaza City is indefensible and the international community must do more to bring it to an end." Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer welcomes Spanish Prime Minister Pedro Sanchez to Downing Street, where the pair are to agree a new bilateral deal to remove border checks at Gibraltar. Starmer calls it a "very important day" for his government, praising the work done to secure the agreement and highlighting the close ties between the UK and Spain. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
High-caffeine energy drinks are to be banned for under-16s in England to prevent harm to children's health, the Government has said. The plan will make it illegal to sell energy drinks containing more than 150mg of caffeine per litre to anyone under 16 across all retailers, including online, in shops, restaurants, cafes and vending machines. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister of Spain Pedro Sanchez arrives in Downing Street, greeted by Sir Keir Starmer, ahead of talks on "shared priorities" including trade, defence and migration. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch criticises Deputy PM Angela Rayner, saying Labour ministers are seeking to raise taxes while she tries to avoid paying her own. She calls the situation "hypocrisy" and says Prime Minister Keir Starmer, who has described tax evasion as a criminal offence, must apply the same standards to his own front bench. 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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