The Bank of England has kept interest rates on hold at 4.5%, warning that US President Donald Trump's trade war has intensified global economic uncertainty.
The Bank says there are indications an increasing number of companies plan to let workers go when national insurance contributions rise next month, which Governor Andrew Bailey says is a cause for concern.
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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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
Donald Trump returned from his tour of the Middle East Friday with some investment pledges secured in Saudi Arabia and Qatar ... but D.L. Hughley is less than.. TMZ.com
Donald Trump has announced the concept for his Golden Dome missile defence system – which includes plans for the US put weapons in space for the first time. Sky News
'Peace is not possible': Kyiv residents remain pessimistic over Trump-Putin talks
Ukrainian citizens view the Russian president's words to Donald Trump as a "stalling tactic," as Moscow's all-out war continues well into its fourth year.
READ MORE : http://www.euronews.com/2025/05/20/peace-is-not-possible-kyiv-residents-remain-pessimistic-over-trump-putin-talks
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Credit: euronews (in English) Duration: 01:50Published
SCHUMER vs TRUMP: Senator Chuck Schumer is under fire after suggesting that a Trump-era hiring freeze may have contributed to a tragic Mexican Navy ship crash at the Brooklyn Bridge that killed two cadets. Schumer pointed to weakened Coast Guard staffing as a potential cause, linking it to national security concerns. However, the Department of Homeland Security dismissed his claims, saying the Coast Guard was exempt and fully operational. Conservatives and media figures blasted Schumer’s remarks as baseless and political, with Fox News’ Mark Levin calling him “stupid and evil.”
#ChuckSchumer #Trump #ShipCrash #BrooklynBridge #MexicanNavy #NYCNews #USPolitics #CoastGuard #MarkLevin #FoxNews #SchumerBacklash #HiringFreeze #NationalSecurity #BreakingNews #VesselTraffic #BridgeCrash #SenateNews #DHS #ConservativeTwitter #PoliticalControversy #SchumerVsTrump #BlameGame #CoastGuardNews #PublicSafety #MarineAccident #TrumpEraPolicy #VesselMonitoring #SocialMediaBacklash #NYCIncident #PoliticalFirestorm
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Chancellor Rachel Reeves insists the digital services tax is "hugely important" amid media reports suggesting Britain could slash the levy on big tech companies in order to stave off American tariffs. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves does not "recognise" reports suggesting that ministers are looking at reducing the number of children in England who receive free school meals. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Children being bombed and the prospect of starvation in Gaza is “intolerable”, Sir Keir Starmer has said, after his Government launched fresh sanctions on West Bank settlers and paused trade talks with Israel. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
David Lammy announced new measures against Israel but Labour, Tory and Liberal Democrat backbenchers urged him to go further. The Government will impose new sanctions on three individuals and four entities involved in the settler movement, and has suspended negotiations with the Israeli government on a new free trade agreement. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Prime Minister visited a Lidl in north London on Tuesday afternoon as he sought to promote the impact of his trade deal with the EU. Speaking to broadcasters, Sir Keir Starmer said: ''We are in Lidl because the deal that we struck yesterday will mean lower prices in our supermarkets.'' Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Senior government ministers depart Number Ten following Sir Keir Starmer chaired his first Cabinet meeting since the government agreed new arrangements with the European Union on Monday. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow foreign secretary Priti Patel urges the government to provide details on the new deal with the European Union and to face scrutiny in the House of Commons. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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