Governor Andrew Bailey insists that the Bank of England is not “desiring a recession” after he raised interest rates to five percent, an increase of half a point, saying “we will do what is necessary to bring inflation down to target”.
Report by Blairm.
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Bank of England Governor Andrew Bailey has said he is 'encouraged' by the direction of inflation, hinting borrowing costs could soon be cut if inflation is reined in. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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
Chancellor Jeremy Hunt has welcomed the Bank of England's decision to leave interest rates unchanged, adding he would rather it didn't rush into a decision it'd later have to backtrack on. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chief Secretary to the Treasury Darren Jones has said there are a number of policy initiatives that could help bring inflation down after the Bank of England decided to leave the rate unchanged. Report by Alibhaiz. 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 edged closer to a cut in interest rates, with another member of its nine-person Monetary Policy Committee (MPC) voting for lower.. Sky News
Daniel Graham and Adam Carruthers, charged with felling the Sycamore Gap tree last September, depart from Newcastle Magistrates’ Court. The criminal damage caused by felling the famous Sycamore Gap tree has been valued at more than £620,000, according to court charges. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Dangerous cyclists could face tougher sentences, similar to those imposed on drivers, under new proposals. Motorists can face a life sentence if they’re convicted of causing death by dangerous or reckless driving. A current loophole allows a cyclist to be jailed for a maximum of two years for “wanton and furious driving.” Parliament will debate on Wednesday whether to make amendments to the Criminal Justice Bill to clamp down on rogue cyclists. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Daniel Graham and Adam Carruthers arrive at Newcastle Magistrates’ Court charged with felling the Sycamore Gap tree last September. The criminal damage caused by felling the famous Sycamore Gap tree has been valued at more than £620,000, according to court charges. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Opening Prime Minister’s Questions, the Labour leader said Rishi Sunak's focus should be on the "chaos" facing prisons. Sir Keir Starmer said: After 14 years of Tory government, the prison system is in chaos. Does the prime minister think that his decision to let prisoners out 70 days early, makes our country more secure?" Mr Sunak insisted that "there are strict eligibility criteria in place" to ensure there is no threat to public safety. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak arrives at the Houses of Parliament ahead of his weekly grilling at PMQs. 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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