BofE: 'Sensitive' to impact of inflation on least well off
Video Credit: ODN - Duration: 01:19s - Published
BofE: 'Sensitive' to impact of inflation on least well off
Bank of England Governor Andrew Bailey says covid and the war in Ukriane are "large global factors" impacting UK inflation rates, but "firmly believes" we will see inflation "come down markedly" this year.
Report by Rowlandi.
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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
The Bank of England has revealed a quarter point interest rate cut, taking it to 4.25% amid global economic turmoil caused by the US trade war. Sky News
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.
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Sir Keir Starmer met his Norwegian counterpart Jonas Gahr Støre at the Joint Expeditionary Force (JEF) Summit in Oslo. The prime ministers then sat at a roundtable for discussions over regional security challenges with other European heads of state. The JEF coalition consists of the UK, Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, the Netherlands, Sweden and Norway. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The defence secretary says the government's commitment to NATO is "unshakeable". Speaking at the London Defence Conference, John Healey says Ukraine is fighting for the same freedoms that Europe fought for 80 years ago and that "the lesson of 80 years ago reminds us of the importance of alliances". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says the UK-US trade agreement is "not a historic deal". The Conservative Party leader adds it is simply a "small tariffs deal" that leaves the country in a "worse position than we were in March". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister has held a phone call with the US president after agreeing a "historic" trade deal. Speaking from the White House, Donald Trump says there could not be a "more perfect morning to reach this historic agreement", given that the deal has been announced on the same day that Europe celebrated victory in World War II. Sir Keir Starmer replied by paying tribute to the historic, close partnership between the UK and US, adding that "the timing couldn't be more apt". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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