Chancellor Jeremy Hunt welcomes interest rates being held at 5.25% by the Bank of England, saying that it is "obviously very positive news for families with mortgages that interest rates appear to have peaked".
Report by Blairm.
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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 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
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
Sir Keir Starmer has outlined the importance of the UKās nuclear deterrent in his plan for national security, aiming to increase defence spending to 2.5% of GDP. The commitment aligns with Chancellor Jeremy Huntās, signalling a dramatic shift from the policies of his predecessor, Jeremy Corbyn. Labour hopes to direct UK defence investment to British business, and increase jobs and skills in defence. Report by Covellm. 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 Ā£5, Ā£10, Ā£20 and Ā£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.
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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 ānot yet at the pointā where rates can be lowered, but things are āmoving in the right directionā. 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: āWhat Iām 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
Humza Yousaf has confirmed he will be stepping down as first minister of Scotland saying he 'underestimated' the level of hurt ending a power-sharing deal with the Greens would have. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour's deputy campaign co-ordinator, Ellie Reeves, has said there is 'chaos and infighting' within the Conservative Party ahead of the local elections this week. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Work and Pensions Secretary Mel Stride has said he is 'bemused' by Dan Poulter's comments that the Conservatives have become a 'nationalist party of the right'.
The former health minister and mental health doctor announced he would be defecting to Labour as he could no longer look his NHS colleagues, patients and constituents in the eye. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Policing minister Chris Philp has defended the government's record on the NHS, after former Conservative MP Dr Dan Poulter defected to Labour. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow health secretary says Dan Poulter's defection to Labour "speaks volumes." Dr Dan Poulter, a former Conservative MP, announced he would be taking the Labour whip until the next election as the Conservative party no longer prioritised the NHS. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Bailey says the decision to cut interest rates has āmoved onā from how high rates will go to āhow long we have to be here until we cut themā. The Bank of England governor says the MPC..
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