Bank of England Governor Andrew Bailey has said he is 'encouraged' by the direction of inflation, hinting borrowing costs could soon be cut if inflation is reined in. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chief Cashier of the Bank of England Sarah John has welcomed the new bank notes featuring a portrait of His Majesty The King. The King welcomed Mrs John and Governor of the Bank of England Andrew Bailey to Buckingham Palace, where he was presented with £5, £10, £20 and £50 notes. These are the first notes which feature the image of His Majesty. Mrs John said it's "a great pleasure to be able to show the King what he's going to look like on the bank notes of the future." Mrs John revealed the bank notes will be released to the general public on the 5th of June. Report by Kennedyl. 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 voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead. Bank governor Andrew Bailey said the economy is “not yet at the point” where rates can be lowered, but things are “moving in the right direction”. For the first time since September 2021, no-one on the nine-person decision-making body that sets interest rates voted for an increase.
Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chief Secretary to the Treasury Darren Jones has said there are a number of policy initiatives that could help bring inflation down after the Bank of England decided to leave the rate unchanged. Report by Alibhaiz. 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 edged closer to a cut in interest rates, with another member of its nine-person Monetary Policy Committee (MPC) voting for lower.. Sky News
Queen hosts reception for people who support victims of sexual assault at Buckingham Palace, London. Among the guests were former prime minister Theresa May and Cherie Blair.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Royal biographer Hugo Vickers said the King's return to duties is a sign he is "on the way to recovery." Buckingham Palace confirmed today that His Majesty The King will shortly return to public-facing duties after a period of treatment and recuperation following his recent cancer diagnosis. "I think the most difficult thing for him was he was really getting into his stride as head of state and he was doing so much and then suddenly he was confined to base. We'll be very pleased to see him and he'll be delighted to be out and about again," Mr Vickers added. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Lord Cameron has said the UK will not support an Israeli invasion of Rafah unless there is a 'clear plan to save lives'.
He added the government had a 'rigourous process' in ensuring it its arms were not going to be used in a manner that would breach humanitarian law. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Lord Cameron has stressed the importance of enhancing the UK's security, including revisiting foreign policy and increase spending on defence. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Leader of the Commons Penny Mordaunt has compared Sir Keir Starmer to a crab and accused him of running "Operation Radish" in a bid to convince voters that Labour looks “red on the outside”. Ms Mordaunt said of the recent defections from the Tories to Labour: “What it has exposed is a pattern of behaviour from the Leader of the Opposition.” Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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