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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Businesses have cut jobs at the fastest pace in almost four years, according to a closely-watched Bank of England survey which also paints a worrying picture for.. Sky News
Bank of England governor Andrew Bailey says cutting the interest rate from 4.25% to 4% was a "finely balanced decision". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England governor Andrew Bailey says there is "genuine uncertainty about the course of the direction" of interest rates, despite today's cut and his belief that the path will continue downwards. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England governor Andrew Bailey announces an interest rate cut from 4.25% to 4%, adding that inflation is expected to hit 4% in September. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Defence Secretary John Healey praises Labour reshuffle saying it will assist the party in “going up a gear in delivery”. Healey says, “I’m proud of what we have achieved as a Labour government”. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
More than 150 people have been arrested at the largest demonstration yet opposing the proscription of Palestine Action. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Nigel Farage has urged Reform UK members to keep their disputes private as he returned to the stage to close the party's annual conference. He said: "Can we please exercise discipline and air our disagreements between each other in private?" Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Reform UK leader Nigel Farage praises Angela Rayner for being “real” in the wake of her resignation as deputy prime minister and housing secretary. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Deputy Leader for Reform UK, Richard Tice, says people can see “light at the end of this dark tunnel” as Nigel Farage delivers the closing remarks at the party's conference in Birmingham. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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