Yorkshire, Leicestershire & Kent criticise ECB snub

Rishi Sunak unveils tax break for pensioners

Rishi Sunak has unveiled a 2.4 billion pound tax break to help secure the support of pensioners in the forthcoming General Election. During a visit to a bowls club in Market Bosworth, Leicestershire, the Prime Minister promised to increase the income tax personal allowance for pensioners, giving them a tax cut worth around £100. Mr Sunak said “what I believe is if you work hard all your life you should have dignity in retirement.“ Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Rishi Sunak meets veterans at breakfast in Yorkshire

Prime minister Rishi Sunak campaigned in his constituency on Saturday morning after completing a two-day tour of the UK on Friday. Mr Sunak had a breakfast with local ex-servicemen in a Wetherspoons in Northallerton. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

State of the Union: Low interest rates and food challenges

The European Central Bank's "historic" interest rate cut and the European Union's food challenges - both in agricultural production and food waste - are this week's top topics.

European Central Bank Cuts Interest Rates

European Central Bank , Cuts Interest Rates. The action was confirmed on June 6 at the central bank's meeting, CNBC reports. . The European Central Bank's (ECB) key rate will go from 4% down to 3.75%. The ECB Governing Council issued a statement. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, , ECB Governing Council, via statement. ... it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady, ECB Governing Council, via statement. This is the first time that interest rates have been cut since September 2019. . Updated macroeconomic projections indicate that 2024's "annual average headline inflation outlook" has been increased from 2.3% to 2.5%, CNBC reports. For 2025, it was raised from 2% to 2.2%. The projection for 2026 stayed at 1.9%. The ECB's next meeting is in July, where another rate cut is unlikely, experts say. The slight upgrade to the inflation forecast was to be expected, inflation has been printing a little bit hotter than markets were expecting, but in terms of the timing of the next cut I’d still be looking to September, Dean Turner, chief euro zone economist at UBS Global Wealth Management, to CNBC. Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year. Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year. Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year. The U.S. Federal Reserve continues to battle America's rate of inflation.