BoE Governor 'very pleased' about UK-US trade deal
Video Credit: ODN - Duration: 00:46s - Published
BoE Governor 'very pleased' about UK-US trade deal
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
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
Kemi Badenoch criticises Deputy PM Angela Rayner, saying Labour ministers are seeking to raise taxes while she tries to avoid paying her own. She calls the situation "hypocrisy" and says Prime Minister Keir Starmer, who has described tax evasion as a criminal offence, must apply the same standards to his own front bench. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Angela Rayner admits she owes additional tax on her Hove flat, after taking expert legal advice. She says she initially relied on counsel that she was liable for standard stamp duty but later found this was inaccurate due to a family trust. The deputy prime minister has alerted the independent adviser on the ministerial code and HMRC, saying she will pay any tax owed and fully comply. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Dr Sermed Mezher said high-caffeine energy drinks can raise heart rate and blood pressure and are often marketed as concentration or energy boosters. He warned children are more sensitive to these effects, which can cause poor focus, anxiety, trouble sleeping, or worsen heart problems. The government has announced plans to ban sales to under-16s and launched a 12-week consultation. 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 says the situation in Gaza is "horrifying" and warns of a potential man-made famine. Responding to a question from Liberal Democrat leader Sir Ed Davey during today’s Prime Minister’s Questions, the PM also told MPs he is working on a peace plan with international partners to secure the release of hostages and said Sir Ed Davey could have raised the issue himself at the upcoming state banquet with President Trump, had he not declined the invitation. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Conservative leader Kemi Badenoch said the prime minister “should sack” deputy prime minister Angela Rayner, questioning Labour’s response to her tax affairs. She suggested a Conservative deputy in the same position would have faced far less sympathy and criticised what she described as Labour’s hypocrisy on tax issues. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
![Bailey: Interest rate cut was a finely balanced decision [Video]](https://video.newsserve.net/300/v/20250807/1418888786-Bailey-Interest-rate-cut-was-finely-balanced.jpg)
![Bailey: Uncertainty about path of future interest rates [Video]](https://video.newsserve.net/300/v/20250807/1418872204-Bailey-Uncertainty-about-path-of-future-interest-rates.jpg)
![Bank of England cuts interest rate to 4% [Video]](https://video.newsserve.net/300/v/20250807/1418868092-Bank-of-England-cuts-interest-rate-to.jpg)
![Govt: Water system is broken [Video]](https://video.newsserve.net/300/v/20250721/1417140942-Govt-Water-system-is-broken.jpg)
![Badenoch slams Rayner 'hypocrisy' over property tax row [Video]](https://video.newsserve.net/300/v/20250903/1421536052-Badenoch-slams-Rayner-hypocrisy-over-property-tax-row.jpg)
![Angela Rayner admits she owes tax on former home [Video]](https://video.newsserve.net/300/v/20250903/1421535120-Angela-Rayner-admits-she-owes-tax-on-former.jpg)
![GP warns energy drinks can harm children under 16 [Video]](https://video.newsserve.net/300/v/20250903/1421532212-GP-warns-energy-drinks-can-harm-children-under.jpg)
![Starmer warns of ‘horrifying famine’ unfolding in Gaza [Video]](https://video.newsserve.net/300/v/20250903/1421527696-Starmer-warns-of-horrifying-famine-unfolding-in-Gaza.jpg)
![Badenoch: Starmer should sack deputy PM Rayner [Video]](https://video.newsserve.net/300/v/20250903/1421523740-Badenoch-Starmer-should-sack-deputy-PM-Rayner.jpg)
