The Bank of England has revealed a quarter point interest rate cut, taking it to 4.25% amid global economic turmoil caused by the US trade war. Sky News
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.
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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
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. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chancellor Mel Stride warns that the UK could face higher prices, job losses, and lower wages without a trade deal with the US. He said that businesses, investors, and stock markets are unhappy, urging the government to accelerate negotiations and secure a deal quickly to avoid economic difficulties. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Tories have criticised the government for not being “quicker” with talks about tariffs imposed by the US. Shadow Chancellor Mel Stride said Labour’s comments about Trump whilst they were the opposition were “unhelpful” and could have “soured” relations with the Trump administration. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chancellor Mel Stride has accused the Government of making rushed welfare cuts, including to disability benefits, to save money. He said ministers "lacked ambition" in finding fair savings and warned of "hard cases" emerging from the plans. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer sent his chief cabinet "fixer" to attempt to calm down jittery Labour MPs in a mutinous mood after last week's elections drubbing by Reform. Sky News
A senior Labour MP has said the government needs to take "corrective action" over planned disability cuts - as Sir Keir Starmer faces a growing backbench.. Sky News
There was no conflict of interest in the incoming football regulator chair donating to Sir Keir Starmer's Labour leadership campaign, Downing Street has said. Sky News
Several former prime ministers arrived at Westminster Abbey for the VE Day Thanksgiving Service on Thursday. Boris Johnson, Rishi Sunak and David Cameron were among the former leaders attending the service to commemorate the 80th anniversary of World War II ending. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer and other party leaders arrived at Westminster Abbey for the VE Day Thanksgiving Service on Thursday. Liberal Democrats leader Sir Ed Davey, Opposition leader Kemi Badenoch and Reform UK leader Nigel Farage were among the politicians seen arriving at the Abbey ahead of the service.
Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
World War II veterans have arrived at Westminster Abbey for a thanksgiving service to mark the 80th anniversary of VE Day. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A man has arrived at Newcastle Crown Court, as the trial continues over the felling of the Sycamore Gap Tree. Daniel Graham and Adam Carruthers deny the criminal damage charges against them, but are accused of driving overnight from Carlisle to Sycamore Gap during Storm Agnes in September 2023, and cutting the tree down with a chainsaw. 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 cut interest rates on Thursday in a move likely to bring relief to borrowers,... Upworthy - Published Also reported by •City A.M. •IndiaTimes •Sky News •SeekingAlpha
ECB cuts rates again as Trump tariffs weigh on economic outlook
The European Central Bank cut its benchmark interest rate by a quarter point to 2.25% on Thursday as threats to growth outweigh..
Credit: euronews (in English) Duration: 01:00Published
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