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
The system for regulating water companies should be overhauled and replaced with one body for England and one body for Wales, a landmark review of the sector has advised. The much-anticipated report from the Independent Water Commission, led by former Bank of England deputy governor Sir Jon Cunliffe, outlines 88 recommendations to the UK and Welsh governments. Water minister Emma Hardy says she cannot guarantee the government will implement all 88 recommendations. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has backed Heathrow's latest plans for a third runway, saying it's "so important" for Britain to "trade with countries around the world". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Lawyer Kavon Hussain, representing motorists at the Supreme Court, says he is "disappointed" in a ruling that has found lenders are not liable for hidden commission payments within car finance schemes. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Millions of drivers in car finance schemes will not receive compensation, after the Supreme Court ruled lenders are not liable for hidden commission payments. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Heathrow has submitted its latest plans for a third runway at Europe’s busiest airport. The total cost, including new terminals and infrastructure, will be £49 billion pounds. The airport says expansion will create up to 40,000 new jobs and add 0.43% to the UK’s GDP by 2050. However, the plans will face fierce opposition from locals, politicians and climate campaigners. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Struggling with mental health issues, such as anxiety and depression, "is not weak and nothing to be ashamed of", says Amanda Thorpe, widow of former England cricketer Graham Thorpe. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
![Govt: Water system is broken [Video]](https://video.newsserve.net/300/v/20250721/1417140942-Govt-Water-system-is-broken.jpg)
![Chancellor backs 'important' Heathrow expansion [Video]](https://video.newsserve.net/300/v/20250801/1418334566-Chancellor-backs-important-Heathrow-expansion.jpg)
![Lawyer 'disappointed' in Supreme Court's car finance ruling [Video]](https://video.newsserve.net/300/v/20250801/1418331156-Lawyer-disappointed-in-Supreme-Court-car-finance.jpg)
![Lenders avoid having to pay compensation to drivers [Video]](https://video.newsserve.net/300/v/20250801/1418329220-Lenders-avoid-having-to-pay-compensation-to-drivers.jpg)
![Heathrow launches latest third runway expansion plan [Video]](https://video.newsserve.net/300/v/20250801/1418323944-Heathrow-launches-latest-third-runway-expansion-plan.jpg)
![Thorpe's widow: Struggling with mental health isn't weak [Video]](https://video.newsserve.net/300/v/20250801/1418318648-Thorpe-widow-Struggling-with-mental-health-isn.jpg)
