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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Chancellor Jeremy Hunt has welcomed the Bank of England's decision to leave interest rates unchanged, adding he would rather it didn't rush into a decision it'd later have to backtrack on. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England Governor Andrew Bailey has said he is 'encouraged' by the direction of inflation, hinting borrowing costs could soon be cut if inflation is reined in. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chief Secretary to the Treasury Darren Jones has said there are a number of policy initiatives that could help bring inflation down after the Bank of England decided to leave the rate unchanged. Report by Alibhaiz. 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 edged closer to a cut in interest rates, with another member of its nine-person Monetary Policy Committee (MPC) voting for lower.. Sky News
Chief Cashier of the Bank of England Sarah John has welcomed the new bank notes featuring a portrait of His Majesty The King. The King welcomed Mrs John and Governor of the Bank of England Andrew Bailey to Buckingham Palace, where he was presented with Ā£5, Ā£10, Ā£20 and Ā£50 notes. These are the first notes which feature the image of His Majesty. Mrs John said it's "a great pleasure to be able to show the King what he's going to look like on the bank notes of the future." Mrs John revealed the bank notes will be released to the general public on the 5th of June. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The King welcomed Bank of England Governor Andrew Bailey to Buckingham Palace, who presented him with the first bank notes featuring his portrait as monarch. The portrait of His Majesty which appears on the notes is based on a portrait that was provided by the Palace to the Bank of England.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Alessandro Nasini, the curator behind unseen photographs of the King and his late mother the Queen, says his focus is on ādoing the bestā for the Royal Family as the exhibition went on display for the first time at the Kingās Gallery in Buckingham Palace.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour Leader Sir Keir Starmer promises immediate action if elected prime minister, focusing on stabilising and growing the economy, removing planning restrictions, and addressing the small boats issue. He emphasised that these changes could begin "absolutely straight away" and highlighted the importance of earning voter trust and confidence ahead of the election. "We must be laser focused on that from day one," Starmer insisted. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour Party Leader Keir Starmer highlights the potential of AI while stressing the need for regulation to mitigate risks and manage job changes. "I do think it's got huge potential," he stated, noting the importance of a strong regulatory framework. Starmer believes the UK can effectively balance opportunities and risks, benefiting from advancements while protecting the workforce. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer has unveiled a pledge card with six "first steps" the Labour Party would take if it were to form a government after the next general election. The steps include measures to invest in the NHS, education and policing, to set up a new national energy company and an elite border force, and to promote economic stability. The move, unveiled during a campaign speech in Essex, is reminiscent of Tony Blairās five pledges ahead of Labourās landslide victory in 1997, and less favourably of Ed Milibandās promises carved into stone in 2015. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The UK Health Security Agency said 22 cases of cryptosporidium, a waterborne disease caused by a microscopic parasite, had been confirmed in Brixham. The disease causes sickness and diarrhoea. South West Water had opened two bottled water collection points. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The largest single holder of US debt is China. China and Russia are working to reduce their dependence on the Dollar. Gold has been moving from West to East. And the US likely doesn't have all..
Interest rates are currently at an all-time high as central banks such as the Bank of England, the US Federal Reserve, and the European Central Bank aim to bring inflation down to their..
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