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.
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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 UK’s nuclear deterrent in his plan for national security, aiming to increase defence spending to 2.5% of GDP. The commitment aligns with Chancellor Jeremy Hunt’s, 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
Luke Pollard says the 0.1 percent growth in the UK economy is "pretty feeble". The shadow armed forces minister adds there has been "no stability" under the Conservatives and that Labour would "motor the economy" and "create growth in every single part of the United Kingdom". But Chancellor Jeremy Hunt says the latest ONS figures are "proof" the country is "turning a corner". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The deaths of the Reading terror attack victims were "probably avoidable" and contributed to by the failings of multiple agencies, an inquest has found.
Friends James Furlong, 36, Joseph Ritchie-Bennett, 39, and David Wails, 49, were stabbed to death by Khairi Saadallah, now 29, in Forbury Gardens on 20 June 2020.
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Royal biographer Hugo Vickers said the King's return to duties is a sign he is "on the way to recovery." Buckingham Palace confirmed today that His Majesty The King will shortly return to public-facing duties after a period of treatment and recuperation following his recent cancer diagnosis. "I think the most difficult thing for him was he was really getting into his stride as head of state and he was doing so much and then suddenly he was confined to base. We'll be very pleased to see him and he'll be delighted to be out and about again," Mr Vickers added. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The world’s first personalised mRNA cancer jab for melanoma – which also has the potential to stop lung, bladder and kidney cancer – is being tested in British patients. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Former Post Office boss Angela van den Bogerd has left the Post Office inquiry after her second day of giving evidence. Ms van den Bogerd, who held numerous positions at the Post Office during her 35-year career, opened her evidence yesterday by saying she is "truly sorry" for the "devastation" caused to wrongly convicted sub-postmasters.
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Scotland’s first minister Humza Yousaf is battling for his political survival after a chaotic 24 hours which saw him end the SNP’s governing partnership with the Greens on Thursday. This was followed a couple of hours later by the Scottish Conservatives putting forward a motion of no confidence in the first minister. The motion was backed by Scottish Labour, the Scottish Lib Dems and, crucially, the Greens, who just 24 hours earlier were close cabinet colleagues. It leaves Mr Yousaf potentially having to rely on Alex Salmond’s Alba Party, and their one MSP Ash Regan, to survive a no-confidence vote. Report by Jonesia. 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 ÂŁ5, ÂŁ10, ÂŁ20 and ÂŁ50 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
Shadow Chancellor Rachel Reeves insists people are still worse off under a Tory government despite inflation falling to 3.2%, adding the reason for the fall was due to changes in global markets. Report..
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