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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Andrew Bailey, the Bank of England governor, will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between.. Sky News
The Bank of England has maintained its guidance for "gradual" interest rate cuts next year, following surprise support for an interest rate cut this month. Sky News
The governor of the Bank of England said that the UK must āwelcome opportunities to rebuild relationsā following Brexit, as he backs the Chancellorās plans to boost business investment and growth. Andrew Bailey discussed the importance of economic growth at the annual Mansion House speech in the City of London. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Competitors at this year's World Darts Championship will secure Ā£1,000 for Prostate Cancer UK each time they score 180. The event at Alexandra Palace is being sponsored by Paddy Power, who have pledged to donate to the cancer charity each time the players score big.
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The National Trust has issued a warning on the variability in the UK's weather caused by climate change which is impacting wildlife and threatening species.
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A retail expert says Boxing Day spending is forecasted to be up 3.2% higher this year compared to last year. As shoppers make the most of Boxing Day sales in Oxford Street, London, Nathan Parsad-Wyatt adds, "online retail has its place, but nothing beats actually being here in the West End on a day like today". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
High streets across the UK and digital retailers are experiencing one of their busiest days of the year, as shoppers make the most of winter sales on Boxing Day. Shoppers are predicted to spend Ā£236 each on average in the sales this year, with the majority of purchases made online. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Police attend a scene in Shaftesbury Avenue in the West End of London after a man was arrested on suspicion of attempted murder following reports pedestrians were hit by a car. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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