The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead.
Bank governor Andrew Bailey said the economy is ānot yet at the pointā where rates can be lowered, but things are āmoving in the right directionā.
For the first time since September 2021, no-one on the nine-person decision-making body that sets interest rates voted for an increase.
Report by Covellm.
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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
Leader of the House of Commons Lucy Powell says the government will be looking at "bringing in new legislation" to strengthen rules on political donations following reports that billionaire Elon Musk is to make a large donation to Reform UK. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Levelling Up Secretary Kevin Hollinrake insists Kemi Badenoch is the "right person" to the lead the Conservative Party saying, "she is very strong, she's very optimistic, she is very bold". Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
AA President Edmund King believes Monday morning will be the busiest period of the Christmas getaway on the UK's roads as his motoring organisation predicts āsome 22 millionā drivers will travel today. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Care minister Stephen Kinnock has announced a new funding boost alongside reforms to GP services which he says will "bring back the family doctor".
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
57-year-old Brian Whitelock has been jailed for life without parole for murdering his neighbour Wendy Buckney in a savage attack in her own home. Whitelock was released from prison in December 2018 after being deemed a low risk by the Parole Board, having served 18 years over a separate double killing of his friend and brother.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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..
In this interview with Alex Brummer (City Editor of the Daily Mail) in 2022 - when the interest rate hikes were just starting - we discussed whether Andrew Bailey is doing a good job as the Governor of..
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