The Governor of the Bank of England has said inflation is still "far too high" as the bank once again raised interest rates in a bid to control soaring prices.
Following an unexpected jump in inflation in February, Andrew Bailey said: "We need to see it starting to come down progressively and get back to target." Report by Buseld.
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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 company which prints banknotes for the Bank of England is on the brink of an historic takeover that would see it owned by private equity investors for the.. Sky News
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
Bank of England expected to pause rate cuts despite contracting output
Policymakers find themselves in a tight spot ahead of Thursday’s rate decision, with growth remaining sluggish and inflation stubborn.
READ MORE : http://www.euronews.com/2025/03/18/bank-of-england-expected-to-pause-rate-cuts-despite-contracting-output
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Credit: euronews (in English) Duration: 04:34Published
Thousands of trans rights protesters gathered in central London for an emergency demonstration after the Supreme Court ruled that the legal definition of a woman can exclude transgender women. The ruling on Wednesday has sparked anger among campaigners who say it undermines trans rights in the UK.
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Thousands of trans rights protesters gathered in central London for an emergency demonstration after the Supreme Court ruled that the legal definition of a woman can exclude transgender women. The ruling on Wednesday has sparked anger among campaigners who say it undermines trans rights in the UK.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ground handling staff at Gatwick Airport have gone on strike over the Easter weekend, after rejecting a last-minute deal. The walkout by members of the Unite union raises concerns over delays and disruption for holidaymakers travelling through the airport.
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Army veterans who served during the Northern Ireland Troubles have staged a protest in Whitehall. The group, many of whom are bikers, are appealing against the Labour government's plans to repeal the Legacy Act which could subject soldiers to potential prosecution decades on from the Troubles. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Veterans Minister Alistair Carns says military morale is at its lowest in 14 years, with poor housing a major factor. Labour has pledged to upgrade 1,000 homes and introduce a consumer charter aimed at improving living standards and support for Armed Forces families.
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