Bank of England governor Andrew Bailey says there is "genuine uncertainty about the course of the direction" of interest rates, despite today's cut and his belief that the path will continue downwards. Report by Brooksl. 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 defended Rushanara Ali in a row over the homelessness minister increasing the rent on her East London property, saying she seems to have done "everything in accordance with the law". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Reeves says she "welcomes" the interest rates cut from 4.25% to 4%, adding it's "good news" for homeowners, people trying to get onto the housing ladder and businesses that are "borrowing to grow". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves visits Port Talbot, where she proposes how £143 million of government funding will secure over 130 disused coal tips in Wales. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
On August 7, 2025, the Bank of England cut its key interest rate to 4%, the fifth reduction since... WebProNews - Published Also reported by •Upworthy •Invezz
Quarter-point reduction expected, with City investors predicting a three-way split among rate setters... Upworthy - Published Also reported by •Sky News
In a dramatic showdown, President Trump demands urgent interest rate cuts to stimulate the struggling economy — but the Federal Reserve stands firm, leaving rates unchanged. This escalating conflict..
Join Darren McCaffrey as the UK's unemployment rate has risen to a four-year high, in a surprise deterioration that boosts the case for a Bank of England interest rate cut.
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