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 “not yet at the point” where rates can be lowered, but things are “moving in the right direction”.
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.
Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ministers depart Downing Street following a Cabinet meeting, passing Larry, the Chief Mouser, in the doorway. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Gareth Southgate has resigned as manager of the England men’s national football team after almost eight years at the helm. It comes just two days after England’s defeat to Spain in the final of Euro 2024. Despite that disappointment, Southgate has taken the Three Lions to two European Championship finals and a World Cup semi-final during his time in charge. Prince William, President of the Football Association (FA), tweeted his thanks to Southgate for his leadership. The FA says the process to appoint Southgate’s successor has begun, and they aim to have a new manager confirmed as soon as possible. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Bowie praised Conservatives' record on defence, calling UK's military one of ''the most advanced and well-equiped'' in the world. The shadow veterans' minister also urged Labour to commit to spending 2.5% of GDP on defence. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer chairs a Cabinet meeting in Downing Street. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
When asked about the upcoming election in the United States, James Murray emphasised the importance of working on relationship between the UK and US which is ''more important than any individual person''. Report by Gluszczykm. 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..
![Ministers depart Downing Street after a Cabinet meeting [Video]](https://video.newsserve.net/300/v/20240716/1381825294-Ministers-depart-Downing-Street-after-Cabinet-meeting.jpg)
![Gareth Southgate resigns as England manager [Video]](https://video.newsserve.net/300/v/20240716/1381824016-Gareth-Southgate-resigns-as-England-manager.jpg)
![Conservatives proud of defence record [Video]](https://video.newsserve.net/300/v/20240716/1381816244-Conservatives-proud-of-defence-record.jpg)
![Ministers arrive in Downing Street for a Cabinet meeting [Video]](https://video.newsserve.net/300/v/20240716/1381811366-Ministers-arrive-in-Downing-Street-for-Cabinet.jpg)
![Govt: We will work with whoever is in the White House [Video]](https://video.newsserve.net/300/v/20240716/1381811484-Govt-We-will-work-with-whoever-is-in.jpg)
![Chancellor hails inflation rate fall to 3.4% [Video]](https://video.newsserve.net/300/v/20240320/1369692662-Chancellor-hails-inflation-rate-fall-to.jpg)
![Is Andrew Bailey a good Bank of England Governor? Interview with Alex Brummer [Video]](https://video.newsserve.net/300/v/20240317/1710686797-Is-Andrew-Bailey-good-Bank-of-England.jpg)
