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.
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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
The system for regulating water companies should be overhauled and replaced with one body for England and one body for Wales, a landmark review of the sector has advised. The much-anticipated report from the Independent Water Commission, led by former Bank of England deputy governor Sir Jon Cunliffe, outlines 88 recommendations to the UK and Welsh governments. Water minister Emma Hardy says she cannot guarantee the government will implement all 88 recommendations. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Protesters have gathered again outside The Bell Hotel in Epping, amid opposition to plans to use the site to house asylum seekers. The return of demonstrations comes just days after the local council won a temporary injunction to block the move. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Unpublished sketches featuring Charles Dickens have gone on public display for the first time at the Charles Dickens Museum in London. Frankie Kubicki, the museum’s Director, says the drawings reveal Dickens’s love of theatre, with scenes from amateur plays staged at his home and appearances by his daughter Mamie and close friends. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
More than a million people are expected in west London today for Notting Hill Carnival’s family day, with another million set to attend tomorrow.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Crime Minister Matt Vickers criticises the government’s handling of asylum seekers, claiming hotel use has risen and returns have fallen since Labour took office.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ukraine’s Independence Day is marked with flags flying above Whitehall, including 10 Downing Street. The show of support comes as the UK government pledged to extend Operation Interflex, the training programme for Ukrainian soldiers, through to 2026. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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