Chancellor Jeremy Hunt says the Treasury will monitor Thames Water's situation "very carefully" but believes the company is “still solvent” despite reports of shareholders withdrawing investment money.
Report by Blairm.
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Chancellor Jeremy Hunt has left No 11 with his family after Labour's landslide general election win. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jeremy Hunt has admitted the Conservative Party are the "underdogs" in the upcoming general election and that winning it "is going to be very tough". Speaking at the Times CEO Summit in London, the chancellor added that he spent his entire first week as Liz Truss' chancellor "unpicking" the former prime minister's mini-budget. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jeremy Hunt says he is "fighting for every vote" in his South West Surrey constituency, which has a notional majority of more than 10,000. The chancellor says he thinks he can win the seat but that it is "on a knife edge". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jeremy Hunt says the "difficult decisions" the Conservative Party has taken on the economy have "paid off", as inflation returns to the 2% target for the first time in almost three years. The chancellor adds, "that would not have happened under Labour" and that it would be a "terrible shame to turn the clock back" if Labour was to win the upcoming general election. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Reacting to the fall in inflation to 2.3%, Labour’s Rachel Reeves says it “not the time for a victory lap and popping champagne corks” as “working families and pensioners are still worse off”. The shadow chancellor insists her party is "much more ambitious for the country than Rishi Sunak and Jeremy Hunt seem to be". Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Newly-apponinted chancellor, Rachel Reeves, has told the Treasury her central mission in government is to restore economic growth. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mortgage Rates Continue , to Fall, Raising Hopes of the , Fed Cutting Rates.
ABC reports that borrowing costs for
home loans continued to ease this week,
with the average rate on a 30-year mortgage
falling to its lowest level since April.
According to mortgage buyer
Freddie Mac, the rate fell from
6.95% to 6.87% last week. .
That figure is still significantly higher than
what the rate was during the same time last year,
which was at an average of 6.67%. .
15-year fixed-rate mortgages
also eased, falling from
6.17% last week to 6.13%. .
During the same time last year,
the average rate was at 6.03%.
Those higher rates can add hundreds of dollars
to monthly costs for borrowers, which limits the
purchasing options of potential homebuyers.
Mortgage rates fell for
the third straight week
following signs of cooling
inflation and market
expectations of a
future Fed rate cut, Sam Khater, Freddie Mac’s chief economist, via ABC.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
Due to yields also beginning to ease, the Federal
Reserve could start to drop its main interest rate
after hiking it up to the highest level in over 20 years.
Last week, Fed officials suggested that they would make
just one cut to their benchmark interest rate in 2024,
down from previous projections of three cuts for the year.
Credit: Wibbitz Top Stories Duration: 01:31Published
Crisis-hit Thames Water has warned its cash is at risk of running dry by the end May next year due to a lack of new investment, forcing it to prepare a plan for.. Sky News
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
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