The Bank of England has cut interest rates to 4.5%, down from 4.75%.
That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months.
Report by Kennedyl.
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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
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.
#MarkCarney #CanadaElection2025 #LiberalParty #CanadianPolitics #PrimeMinisterCarney #EconomistToPM #JustinTrudeau #PierrePoilievre #DonaldTrump #CanadaUSRelations #EconomicStability #CarneyVictory #BreakingNewsCanada #MarkCarneyPM #CanadaVotes2025 #CanadianElection #CarneyForPM #LiberalVictory #CarneyVsPoilievre #TrudeauSuccessor #BankerToLeader #CanadaPM #ElectionNightCanada #CarneyPolitics #CanadaBreakingNews #FederalElection2025
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Actor David Hekili Kenui Bell -- who appeared in Disney’s live-action "Lilo & Stitch" -- has died ... his family confirms to TMZ. David’s sister Jalene.. TMZ.com
Keir Starmer met with Donald Trump at the G7 summit in Canada, where Trump confirmed the US-UK trade deal was “done” at a press conference. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer held talks with French President Emmanuel Macron at the G7 in Canada.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Yvette Cooper has revealed the findings of a review into child sex abuse by grooming gangs to MPs. The home secretary said Baroness Louise Casey’s review into child sex abuse by grooming gangs found suspects were often "disproportionately likely" to be Asian men. Prime Minister Sir Keir Starmer commissioned Baroness Casey to carry out an audit into the nature and scale of child sexual abuse in January, following months of pressure from his political opponents, and even tech billionaire Elon Musk. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says victims are vindicated by the decision to launch a full grooming gangs inquiry. She says the Casey report exposed the need for action and stresses that the law should apply equally to everyone, without influence from race or other factors. 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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