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.
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
Poor software and bias toward making only small, sequential changes is one of the reasons economic forecasters at the Bank of England failed to predict and.. 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 £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.
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
Police have taken down a gang accused of using a technology service that helped criminals use fraudulent text messages to steal from victims.
They have arrested 37 people worldwide and are contacting victims.
The technology allowed scammers without technical skills to bombard victims with messages designed to trick them into making payments online. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The defence secretary pledged support for Israel as long as it 'behaves responsibly' ' and 'within international law'. Grant Shapps blamed Iran for all the problems in the region and reiterated Israel's right to defend itself. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Grant Shapps comments on Tory MP Mark Menzies losing his whip over allegations he misused campaign funds. The defence secretary defends the Conservatives arguing it is not a ''party issue''. Mark Menzies is the eighth Conservative MP who has lost his whip over the course of the current Parliament.
Defence Secretary comments on Mark Menzies losing his whip over allegations he misused campaign funds. Grant Shapps defended the Conservatives arguing it is not a ''party issue''. Mark Menzies is the eight Conservative MP who lost his whip over the course of the current Parliament.
Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Former Israeli air defence commander Brigadier General Zvika Haimovich tells Channel 4 News that a war between Israel and Iran has begun with the country facing a “very complicated” strategic situation. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt says he would like to bring down taxes - but only if it were fiscally responsible.
He adds he would also like to put more money into public services through growing the economy rather than more funding. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
![Banking Chief welcomes new notes featuring King's portrait [Video]](https://video.newsserve.net/300/v/20240409/1372233520-Banking-Chief-welcomes-new-notes-featuring-King.jpg)
![The King is presented with bank notes featuring his portrait [Video]](https://video.newsserve.net/300/v/20240409/1372231250-The-King-is-presented-with-bank-notes-featuring.jpg)
![Bank of England keeps interest rates on hold [Video]](https://video.newsserve.net/300/v/20240321/1370074186-Bank-of-England-keeps-interest-rates-on-hold.jpg)
![Police bust global cyber gang [Video]](https://video.newsserve.net/300/v/20240418/1372985138-Police-bust-global-cyber-gang.jpg)
![Defence Secretary: Iran is behind all of the problems [Video]](https://video.newsserve.net/300/v/20240418/1372978434-Defence-Secretary-Iran-is-behind-all-of-the.jpg)
![Minister: MP losing whip is not a party issue [Video]](https://video.newsserve.net/300/v/20240418/1372960608-Minister-MP-losing-whip-is-not-party.jpg)
![Former Commander of the IDF says Israel is at war with Iran [Video]](https://video.newsserve.net/300/v/20240418/1372954610-Former-Commander-of-the-IDF-says-Israel-is.jpg)
![Hunt would like to relieve tax burden in 'responsible' way [Video]](https://video.newsserve.net/300/v/20240417/1372906144-Hunt-would-like-to-relieve-tax-burden-in.jpg)
