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.
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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
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
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
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
Landlords will have to meet decent energy efficiency standards in homes they rent out by 2030, under plans put out for consultation by the Government. Energy Secretary Ed Miliband said: "So many renters today are living in substandard accommodation and we have a basic view that if you pay your rent you have a right to live in warm, properly insulated accommodation." Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
House prices surged to a record high, new industry figures show a day after the Bank of England cut... Telegraph.co.uk - Published Also reported by •City A.M.
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