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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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
MPs have voted against the Welfare Bill amendment, with 328 MPs voting no. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister welcomed a host of public service workers including emergency service workers and teachers to the garden in Downing Street. Addressing them in a speech on Tuesday, Keir Starmer said: "We said we'd be a government of serivce and we should be talking to people in public service, taking on board what you have to say to us and then distilling it together because you're part of this." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Infamous televangelist Jimmy Swaggart has died, his family has announced ... the reverend was 90 years old. Swaggart's family posted a tribute on Facebook.. TMZ.com
Queen Camilla officially opened the newly refurbished Ratho Library as part of her visit to Scotland alongside the King for Royal Week. Her Majesty praised the work of the staff in a speech, saying: "What wonderful places libraries are, literally from toddlers to pensioners – they manage to inspire a love of reading of books". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prince William received a hero's welcome as he greeted pupils during a visit to Meadowhead secondary school in Sheffield. The visit marked the second year of his homelessness prevention initiative. Prince William has been running the Homewards programme for two years, working with others to tackle the root causes of homelessness. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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