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.
Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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
~HT.178~ED.346~
Former Bank of England policymaker Michael Saunders welcomed March’s lower inflation but warned it may be short-lived. He said rising energy bills, tax hikes, and fallout from US trade tensions could push UK inflation above 3% next month, while also slowing growth, investment and potentially increasing unemployment later this year. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
At Prime Minister's Questions, Conservative leader Kemi Badenoch says: "Inflation was 2% when Conservatives left office, 2%, it's now nearly double that. When will he recognise that it’s Labour's budget driving up inflation?" Sir Keir Starmer says, “we are taking measures to bring prices down”, citing the government’s trade deal with the EU. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer tells MPs at Prime Minister’s Questions that the government is going to increase the number of pensioners who qualify for winter fuel payments following last year’s cut in the numbers who are eligible. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Work and Pensions Secretary Liz Kendall says the government is “grasping the nettle of reform”, to ensure the “Welfare State lasts for generations to come”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer departs 10 Downing Street and arrives at the Houses of Parliament ahead of his weekly appearance at Prime Minister’s Questions.
Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Responding to reports of Labour back bench criticism over policy, cabinet minister Steve Reed insists the government is “absolutely focussed on supporting those people who are struggling the most with the cost-of-living crisis”. The environment secretary lists increases to pensions and the National Minimum Wage plus increased investment in the NHS as a “Labour thing to do”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
![BoE Governor 'very pleased' about UK-US trade deal [Video]](https://video.newsserve.net/300/v/20250508/1410228162-BoE-Governor-very-pleased-about-UK-US-trade.jpg)
![Chancellor welcomes interest rate cut [Video]](https://video.newsserve.net/300/v/20250508/1410218508-Chancellor-welcomes-interest-rate-cut.jpg)
![Bank of England cuts interest rates to 4.25% [Video]](https://video.newsserve.net/300/v/20250508/1410199570-Bank-of-England-cuts-interest-rates-to.jpg)
![Mark Carney Elected Canada’s PM | All About Canada’s New Leader | Canada Elections [Video]](https://video.newsserve.net/300/v/20250429/1409388108-Mark-Carney-Elected-Canada-PM-All.jpg)
![Ex-BoE member warns inflation set to rise again [Video]](https://video.newsserve.net/300/v/20250416/1408262272-Ex-BoE-member-warns-inflation-set-to-rise.jpg)
![Starmer and Badenoch clash over the economy at PMQs [Video]](https://video.newsserve.net/300/v/20250521/1411429792-Starmer-and-Badenoch-clash-over-the-economy-at.jpg)
![PM announces U-turn over winter fuel payments [Video]](https://video.newsserve.net/300/v/20250521/1411428290-PM-announces-turn-over-winter-fuel-payments.jpg)
![Minister: We will reform the Welfare State to save it [Video]](https://video.newsserve.net/300/v/20250521/1411423396-Minister-We-will-reform-the-Welfare-State-to.jpg)
![Keir Starmer travels to Parliament ahead of PMQs [Video]](https://video.newsserve.net/300/v/20250521/1411424130-Keir-Starmer-travels-to-Parliament-ahead-of-PMQs.jpg)
![Minister dismisses Labour back bench criticisms [Video]](https://video.newsserve.net/300/v/20250521/1411416072-Minister-dismisses-Labour-back-bench-criticisms.jpg)
