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
In a stunning show of unity, former GOP rivals Donald Trump and Florida Governor Ron DeSantis toured a controversial new deportation facility in the Florida Everglades ā dubbed āAlligator Alcatraz.ā The swampy, isolated camp is designed to promote āself-deportationā by making conditions intentionally uncomfortable. Just last year, Trump branded DeSantis as āDeSanctimoniousā during the brutal 2024 primaries ā but now, he calls their relationship a ā10 out of 10.ā What does this alliance mean for U.S. immigration policy, and how will the public react to this extreme enforcement strategy?
#Trump #DeSantis #Immigration #AlligatorAlcatraz #DeportationCamp #USPolitics #MAGA #GOP #FloridaPolitics #2025News #BreakingNews #SelfDeportation #TrumpDeSantisAlliance
~HT.318~ED.346~PR.274~GR.125~
Trump says Israel has agreed on terms for 60-day ceasefire in Gaza
Trump says Qatari and Egyptian mediators will deliver the final ceasefire proposal to Hamas soon and says a deal is likely to go into effect as early as next week.
READ MORE : http://www.euronews.com/2025/07/02/trump-says-israel-has-agreed-on-terms-for-60-day-ceasefire-in-gaza
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
Credit: euronews (in English) Duration: 01:02Published
During a fiery press conference in Florida, President Donald Trump threatened to arrest New York City mayoral candidate Zohran Mamdani, labeling him as "anti-Israel" and claiming he may be in the U.S. illegally. The dramatic statement came just hours after Mamdaniās primary win was certified. Trump threw his support behind current Mayor Eric Adams, stating he had "helped him out a little bit" in the past. The president also criticized Mamdaniās plan to oppose ICE operations in NYC, warning, āIf that happens, weāll have to arrest him.ā
This escalating clash between the White House and a local progressive politician could have national consequences.
#Trump #ZohranMamdani #EricAdams #NYCMayoralRace #ICE #AntiIsrael #TrumpSpeech #ImmigrationPolitics #BreakingNews #USPolitics #PresidentialThreat #NYCNews
~HT.318~PR.274~HT.318~
Donald Trump has escalated his feud with Elon Musk to a new level, openly threatening to ātake a lookā at deporting the billionaire entrepreneur despite his U.S. citizenship. In the same breath, Trump vowed to unleash the āmonsterā DOGE agency to investigate Muskās companies. Minutes later, Musk appeared to retreat, posting on X that he was āso tempted to escalate thisā¦ but will refrain for now.ā
#TrumpMuskFight #ElonMuskAndTrump #TrumpVsMusk #MuskVsTrump #TrumpMuskRivalry #TrumpMuskFallout #TrumpMuskNews #MuskTrumpFeud #TrumpMuskDebate #ElonMuskVsTrump #TrumpElonMusk #TrumpMuskSplit #TrumpMuskDeportation
~HT.318~PR.152~ED.346~GR.122~
A week after the Israel-Iran war, the U.S. and Israel are fast-tracking ceasefire talks to end the conflict in Gaza. Israeli envoy Ron Dermer is meeting with the Trump administration in Washington, while Netanyahu is scheduled to meet Trump on July 7. The summit will address ceasefire terms, Iran, and broader regional threats. President Trump stated a deal may be reached "by next week," while Hamas stressed U.S. pressure on Israel is critical. Trumpās team says returning hostages remains the top priority.
#GazaCeasefire #IsraelIranWar #TrumpNetanyahu #MiddleEastPeace #HostageCrisis #CeasefireTalks #Trump2025 #IsraelNews #GazaWar #RonDermer #WhiteHouse #USIsraelRelations #Hamas #IranTensions #MiddleEastUpdate #BreakingNews #Diplomacy #PeaceTalks #WashingtonMeeting #TrumpNews #Geopolitics #IsraelSecurity #Hostages #GazaUpdate #RegionalStability #CeasefireDeal #InternationalRelations #WarAndPeace #USPolitics #TrumpSpeech
Also Read
āGreat American Pilots Very Upsetā: Trump Flips Again on Iran Strike Damage :: https://www.oneindia.com/international/trump-debates-us-strikes-impact-on-iran-nuclear-programme-011-7783495.html?ref=DMDesc
US President Trump Hosts Pakistan Army Chief Asim Munir Amid Regional Tensions :: https://www.oneindia.com/international/us-president-trump-hosts-pakistan-army-chief-asim-munir-011-4185603.html?ref=DMDesc
Mike Johnson Dismisses Elon Musk's Criticism of Republican Tax and Budget Bill :: https://www.oneindia.com/international/mike-johnson-downplays-musks-influence-on-republican-tax-bill-011-4175853.html?ref=DMDesc
~HT.318~ED.103~GR.122~
Shadow financial secretary Gareth Davies hits out at the government after it revised proposed cuts to Universal Credit in order to get MPs to support the welfare bill in the Commons on Tuesday. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Pat McFadden says welfare reform is "essential to the country" as he reacts to the vote on the bill in the House of Commons on Tuesday. Mr McFadden also says the issue has been "a very difficult process" which has raised "fierce passions in the Labour party". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Matt Hancock has arrived at the Covid inquiry where he is set to give evidence for the sixth time. The former health secretary, who resigned from government in 2021 after admitting breaking social distancing guidance by having an affair with a colleague, will face questions about the care sector. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
MPs have voted against the Welfare Bill amendment, with 328 MPs voting no. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister welcomed a host of public service workers including emergency service workers and teachers to the garden in Downing Street. Addressing them in a speech on Tuesday, Keir Starmer said: "We said we'd be a government of serivce and we should be talking to people in public service, taking on board what you have to say to us and then distilling it together because you're part of this." Report by Kennedyl. 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)
![Trump and DeSantis Tour āAlligator Alcatrazā Deportation Camp | From GOP Rivals to Immigration Bros [Video]](https://video.newsserve.net/300/v/20250702/1415295474-Trump-and-DeSantis-Tour-Alligator-Alcatraz-Deportation-Camp.jpg)
![Trump says Israel has agreed on terms for 60-day ceasefire in Gaza [Video]](https://video.newsserve.net/300/v/20250702/1415290592-Trump-says-Israel-has-agreed-on-terms-for.jpg)
!['I will Arrest Him...': Trump Targets NYC Mayoral Candidate Zohran Mamdani Over Anti-Israel Stance [Video]](https://video.newsserve.net/300/v/20250702/1415284648-will-Arrest-Him-Trump-Targets.jpg)
![Trumpās Chilling Deportation Threat Scares Elon Musk? Billionaire Backs Down; 'Tempted to Fight But' [Video]](https://video.newsserve.net/300/v/20250702/1415276916-Trump-Chilling-Deportation-Threat-Scares-Elon-Musk.jpg)
![Gaza Ceasefire FINALIZED? Netanyahu To Sign Deal In US As Israeli Officials Hold Talks In Washington [Video]](https://video.newsserve.net/300/v/20250702/1415277176-Gaza-Ceasefire-FINALIZED-Netanyahu-To-Sign-Deal-In.jpg)
![Conservatives react to welfare bill vote [Video]](https://video.newsserve.net/300/v/20250702/1415307876-Conservatives-react-to-welfare-bill-vote.jpg)
![Pat McFadden: Welfare reform is essential [Video]](https://video.newsserve.net/300/v/20250702/1415307624-Pat-McFadden-Welfare-reform-is-essential.jpg)
![Matt Hancock arrives at Covid inquiry [Video]](https://video.newsserve.net/300/v/20250702/1415297672-Matt-Hancock-arrives-at-Covid-inquiry.jpg)
![MPs vote against Key Welfare Bill amendment [Video]](https://video.newsserve.net/300/v/20250701/1415257806-MPs-vote-against-Key-Welfare-Bill-amendment.jpg)
![PM welcomes emergency workers to Downing Street [Video]](https://video.newsserve.net/300/v/20250701/1415245808-PM-welcomes-emergency-workers-to-Downing-Street.jpg)
