Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that millions of people are still paying higher mortgage rates after the Conservatives mini-budget.
Report by Covellm.
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Keir Starmer was touring the UK National Nuclear Laboratory in Preston when the Bank of England halved its 2025 growth forecast, cut interest rates for the third.. Sky News
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves this week confirmed government support for dozens of big projects to boost growth, on top of Labour's existing promise to build 1.5.. Sky News
Guests arriving for the funeral of former Deputy Prime Minister Lord John Prescott. Arrivals include: Sir Lindsay Hoyle, Angela Rayner, John Healey, Rachel Reeves, Sir Keir Starmer, Gordon Brown, Sir Sadiq Khan, David Lammy, Yvette Cooper and Ed Balls, and Tony Blair. Arrivals followed by the coffin being carried into the church.
Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow chancellor has argued that Rachel Reeves's plan to expand Heathrow Airport doesn't do enough to tackle economic issues affecting people now, claiming it will only come into effect in the next 10-30 years, if at all. Mel Stride did, however, assert his support for Reeves's planned Heathrow expansion, despite citing Labour divisions about the issue including Mayor of London Sir Sadiq Khan's objections. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has asserted that she is "confident" that her plans for Heathrow expansion will find the right balance between sustainable aviation and economic growth. This comes a day after the chancellor's major speech outlining plans for economic growth and initiatives, including a third runway at Heathrow Airport and investments into the Oxford-Cambridge 'Growth Corridor'. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Footage of Chancellor Rachel Reeves as she meets with business leaders at a business networking reception at Siemens Healthineers in Oxford and tours the Siemens Healthineers medical facility after her speech on economic growth. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Liberal Democrat leader Sir Ed Davey criticised the government for failing to properly consult bereaved families before confirming Grenfell Tower’s demolition. He urged the importance of involving survivors and relatives at every stage. Davey also encouraged ministers to speed up the removal of dangerous cladding from other buildings to prevent future tragedies. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The late Barry Humphries’ personal collection is up for auction, featuring Dame Edna Everage’s iconic diamante glasses. A stage and screen veteran, Humphries delighted audiences with satirical characters like Dame Edna and Sir Les Patterson. The Australian entertainer died in April 2023, aged 89. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A major railway line is closed after a car driven by a suspected drunk-driver crashed onto train tracks, causing disruption to train services between Manchester and Liverpool. Greater Manchester Police said the driver of the car, a man in his 30s, was arrested on suspicion of drink-driving. Report by Covellm. 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 along with senior ministers arrive for a Cabinet meeting in central London. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The energy secretary has stressed that a third runway at Heathrow Airport would be delivered in line with the government's plans on reducing carbon emissions. Ed Miliband said: "This government has shown global leadership on the climate crisis since we came to power" and that "any decision on aviation expansion will have to meet our carbon budgets and local environmental standards". Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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