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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Laurence Fox has pleaded "not guilty" for the sharing of a photo of TV star Narinder Kaur on social media.
The actor-turned-politician appeared at Westminster Magistrates Court on Friday charged with two counts under the Sexual Offences Act 2003.
Fox, of Peldon in Essex, is alleged to have shared a compromising image in a tweet posted in April 2024 of Kaur, 52, who appears regularly on Good Morning Britain and has previously appeared on GB News.
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Ceramic poppies will return to the Tower of London in a new commemorative display marking 80 years since the end of the Second World War. Opening on 6 May 2025 and running through to Armistice Day in November, the display will feature nearly 30,000 ceramic poppies from the original 2014 installation, ‘Blood Swept Lands and Seas of Red’. The artwork transformed the Tower’s moat into a sea of red, attracting more than five million visitors and becoming a national site of remembrance.
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The Duchess of Edinburgh attended a Thanksgiving service at Westminster Abbey marking Anzac Day. The service was one of a string of events attended by Sophie, after she visited the Australian War Memorial at Hyde Park Corner early Friday morning. Sophie was representing King Charles III at the commemorations marking the sacrifices of Australian and New Zealand forces.
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On Thursday evening, Commons Speaker Sir Lindsay Hoyle turned on the Ayrton Light above Big Ben to mark the 80th anniversary of the end of the Second World War blackouts. In peacetime, the lantern light always shone out after sunset in order to show that the House of Commons was at work. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Three men have been jailed for a total of 99 years for planning to murder a member of a gang that carried out Britain's biggest ever cash robbery. Paul Allen was left paralysed for life after shots were fired at his home in north-east London, in 2019.
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There is growing speculation of a pick up in the pace of Bank of England interest rate cuts as the outlook for the UK economy darkens, with fresh data suggesting.. Sky News
Financial markets have priced in a 100% chance of a Bank of England interest rate cut next month, as the effects of Donald Trump's evolving trade war continue to.. Sky News
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 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
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