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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Mark Carney is set to become Canada’s next Prime Minister after a landmark Liberal victory over the Conservatives. Once an unelected leader appointed after winning the Liberal Party leadership in March 2025, Carney now holds a voter-backed mandate. The former Governor of the Bank of Canada and Bank of England, Carney is renowned for steering economies through crisis—from the 2008 financial meltdown to Brexit. With growing tensions from the U.S., including threats from President Donald Trump over trade and sovereignty, Carney faces challenges aplenty. Watch now for a deep dive into how this economist-turned-politician secured power and what it means for Canada’s future.
#MarkCarney #CanadaElection2025 #LiberalParty #CanadianPolitics #PrimeMinisterCarney #EconomistToPM #JustinTrudeau #PierrePoilievre #DonaldTrump #CanadaUSRelations #EconomicStability #CarneyVictory #BreakingNewsCanada #MarkCarneyPM #CanadaVotes2025 #CanadianElection #CarneyForPM #LiberalVictory #CarneyVsPoilievre #TrudeauSuccessor #BankerToLeader #CanadaPM #ElectionNightCanada #CarneyPolitics #CanadaBreakingNews #FederalElection2025
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Former Bank of England policymaker Michael Saunders welcomed March’s lower inflation but warned it may be short-lived. He said rising energy bills, tax hikes, and fallout from US trade tensions could push UK inflation above 3% next month, while also slowing growth, investment and potentially increasing unemployment later this year. Report by Covellm. 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 kept interest rates on hold at 4.5%, warning that US President Donald Trump's trade war has intensified global economic uncertainty. The Bank says there are indications an increasing number of companies plan to let workers go when national insurance contributions rise next month, which Governor Andrew Bailey says is a cause for concern. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England expected to pause rate cuts despite contracting output
Policymakers find themselves in a tight spot ahead of Thursday’s rate decision, with growth remaining sluggish and inflation stubborn.
READ MORE : http://www.euronews.com/2025/03/18/bank-of-england-expected-to-pause-rate-cuts-despite-contracting-output
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Credit: euronews (in English) Duration: 04:34Published
Eight men, including seven Iranian nationals, have been arrested in two unconnected counter-terrorism operations, the Metropolitan Police has confirmed.
Five were held over an alleged plot to attack a single premises, while three others were arrested under national security laws. Commander Dominic Murphy called the operations “significant” and said the arrests were made to “keep the public safe”. All suspects remain in custody. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Nigel Huddleston admitted the Conservative Party faces significant challenges after losing over 650 local council seats. He stressed the party's ongoing renewal process, aiming to return to core Conservative values. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Wes Streeting has said that Reform UK poses a genuine threat to Labour and is now being regarded as a serious opposition force following the party’s strong performance in the local elections. Both Labour and the Conservatives are facing pressure to turn around their fortunes after Reform gained control of 10 councils and secured more than 600 seats in Thursday’s polls. The Health Secretary acknowledged that Reform UK is a significant threat and that his party is taking it seriously. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Treasury Minister Richard Fuller admitted the Conservatives faced a “very difficult night” after losing nearly 700 seats and all 16 councils they were defending. He said Reform UK had done well, partly due to public disillusionment with Labour, but warned the party would now need to prove itself beyond slogans. Fuller said the Tories must rebuild trust ahead of future elections. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Nigel Farage heralded Reform UK’s success as “the death of the Conservative Party” as he spoke to supporters in Kent on Friday night. “This is the death of the Conservative Party and they did it to themselves,” he told the crowd. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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