Chancellor Jeremy Hunt announces UK inflation fell to the lowest level in more than two years, to 3.4%.
He would not be drawn on whether the fall would allow him to announce pre-election tax cuts in an autumn statement.
Mr Hunt said: “What I’m really saying is that as inflation gets closer to its target, that opens the door for the Bank of England to consider bringing down interest rates, that brings down mortgage rates, that makes a very big difference.
Report by Covellm.
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The UK Government says it is considering “possible retaliatory action” after US President Donald Trump announced a 10% tax on British goods imported to the US, on top of previously announced tariffs on cars and steel. There are concerns about how the tariffs will impact the UK economy, as the US is the UK's largest export partner. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The moment a hawk that has terrorised a Hertfordshire village was finally captured has been caught on camera. The Harris Hawk was caught in a net in a garden. It has attacked up to 50 people, sometimes leaving victims' heads covered in blood. Some residents had set up a petition to save the hawk following rumours that the council was considering putting it down. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mick Foley is counting his blessings following his Tuesday car wreck ... saying he feels lucky to have walked away with only minor injuries -- adding he's.. TMZ.com
Former chairman of Unipart John Neill reacts to the imposition of 25% tariffs on UK cars imported into the United States, saying “it’s a trade war and it’s a war we have to win”.
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Sir Keir Starmer promises to execute his plan for change for the country in a new plea for people to vote for Labour at the local elections on May 1. Starmer vows, "only Labour will secure our borders, put more cash in your pocket, make your streets safer".
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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
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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