Banks bosses leave Number 10 amid hike in interest rates
Video Credit: ODN - Duration: 02:29s - Published
Banks bosses leave Number 10 amid hike in interest rates
Bank bosses have left Downing Street after a meeting with the Chancellor Jeremy Hunt to discuss the Bank of England’s decision to raise the interest rate to 5%.
Speaking to reporters, Lloyds Bank boss Charlie Nunn said he was “leaving it to the Chancellor” to make the necessary announcements.
Report by Ajagbef.
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Chancellor Jeremy Hunt has welcomed the cut to National Insurance by visiting a Morrison's store to meet its employees.
He reiterated the government's aspiration to reduce even more of the tax when it was 'responsible' to do so. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jeremy Hunt is convening a summit aimed at enticing more companies to London's stock market amid an accelerating exodus of businesses being picked off by.. Sky News
Rishi Sunak, Jeremy Hunt and Grant Shapps have been greeted by the British ambassador to Poland, Anna Clunes, at Warsaw Airport.
The prime minister is in Poland to discuss security with his counterpart Donald Tusk and Nato Secretary General Jens Stoltenberg. Report by Alibhaiz. 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
Chancellor Jeremy Hunt says the latest inflation rates are 'encouraging' alongside 'strong' fundementals that show the British economy is set to grow after a tough period. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ministers depart Number 10 following a cabinet meeting with prime minister Rishi Sunak.
Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Ed Davey launches the Liberal Democrat’s local election campaign in Hertfordshire, by flipping a giant egg timer to reveal the message "Time's running out Rishi!" Speaking to activists afterwards, the Lib Dem leader said Rishi Sunak “might have bottled the May election, he might be hoping the tide will turn as he squats in Downing Street for a few months more. But even the prime minister can't deny voters across England the chance to cast their vote in the local elections on 2 May.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ministers avoid questions from the press as they leave from Number 10, following prime minister Rishi Sunak's Cabinet meeting. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ministers avoid questions from the press as they arrive at Number 10, ahead of prime minister Rishi Sunak's Cabinet meeting. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Barack Obama made an impromptu visit to Number 10 Downing Street, engaging in informal talks with UK Chancellor Rishi Sunak. The former US president's visit, described as a courtesy call, focused on discussions about artificial intelligence. Obama, in London for his Obama Foundation work, also met with Labour's David Lammy. Downing Street declined to comment on potential meetings with other former US presidents.
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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 announces UK inflation fell to the lowest level in more than two years, to 3.4%. He would not be drawn on whether the fall would allow him to announce pre-election tax cuts in an autumn statement. Mr Hunt said: “What I’m really saying is that as inflation gets closer to its target, that opens the door for the Bank of England to consider bringing down interest rates, that brings down mortgage rates, that makes a very big difference. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mark Harper insisted the Conservatives were still in with a chance of winning the next general election, despite the party’s local elections trouncing. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
More than 300 people gathered at a vigil on Sunday to pay tribute to Daniel Anjorin, a teenage boy killed in a sword attack while walking to school. A mourning community gathered at the Hainault Underground station car park, just metres away from where the incident happened, on Sunday morning to pay tribute to Daniel and offer messages of support to his grieving family. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour’s national campaign co-ordinator Pat McFadden hailed his party's successes in the local council elections in England as "tremendous" insisting that the results have "restored a sense of belief in the Labor Party." Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour closes in on a London mayoral victory for Sadiq Khan on Saturday. With just five of 14 constituencies declared, London’s Labour incumbent Mr Khan was leading with over 427,000 votes, with Ms Hall just over 234,000. The total turnout in the election is 2,495,621, with fewer than half of the results yet to be declared. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Science Minister Andrew Griffith says that people voting for Reform UK is partly to blame for disappointing local election results for the Conservative party. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mortgage lenders have arrived at Downing Street ahead of talks with Chancellor Jeremy Hunt to discuss the Bank of England’s decision to raise the interest rate to 5%. Virgin Money's David Duffy,..
The European Central Bank has pressed ahead with another interest rate hike, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations.
Credit: euronews (in English) Duration: 01:02Published
Federal Reserve , May Pause Aggressive , Rate Hikes.
NBC reports that with low unemployment and high
inflation, the Federal Reserve is still likely to
increase interest rates to try and cool the..
Credit: Wibbitz Top Stories Duration: 01:31Published
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