Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get
Photos in the early hours of the morning. That was near Downing Street. Also energised and with me throughout the day is our political correspondent. And in our bbc new newsroom i am joined by Economics Correspondent andy verity. We will be looking at what this budget will mean for you and will be looking at the challenges of the government and what will happen in the years ahead and whoever takes power after General Election. He shouted there as a General Election and we know there will be one before next january is so there is politics that comes with this. This is the last budget before that General Election. The chancellor has promised that his plans will simulate stimulate the flagging economy. Labour will argue that any reductions will still leave people worse off because of the freezing of Tax Thresholds. So what could be expected in todays Budget Ben King takes a look. The background to the budget has been gloomy but it looks like the Chancellor Will find room to cut taxes. The
more violence in paris tonight as tens of thousands of people are out on the streets again across france to protest against president macron s pension reforms. everyone, say hi to luke! and the 22 year old singer songwriter who found himself on stage in front of 20,000 people with ed sheeran. and on bbc london. are billionaire s son who fled to yemen after a murder investigation admits to the bbc that he was involved. good evening and welcome to the bbc news at six. the terrorism threat level in northern ireland has been raised from substantial to severe meaning the risk of an attack is now highly likely . the rating is based on an mi5 intelligence assessment and comes after a rise in activity by dissident republicans, including a gun attack last month on a senior police officer. the northern ireland secretary, chris heaton harris, says the public should remain vigilant, but not be alarmed. 0ur ireland correspondent, emma vardy, sent this report from belfast. the attack
kate forbes who lost out to humza yousaf in the race to be scotland s first minister quits the scottish government. no let up hundreds of thousands of people on the streets of france again as protests at president macron s pension reforms continue into a second week. back at the high court for a second day prince harry accuses the publisher of the mail newspapers of criminality in his privacy case. can he pick out the killer pass? and scotland pull off an incredible victory over spain in their euro qualifier. and coming up in the sport on the bbc news channel: we ll have the best of the action from tonight s euro 2024 qualifying, as scotland go head to head with continental heavyweights spain, while wales take on latvia. good evening. police in the united states who are investigating a mass shooting at a primary school in nashville say the attacker legally purchased seven guns and hid them at the family house. audrey hale, a 28 year old former pupil, shot six people d
good morning. almost to the edge of the universe. in sport, shattering records as they dismantle norway an 8 0 victory has the lionesses roaring into the quarter finals of the euros. you cannot be serious! that ball was on the line! chalk flew up! and his persona lit up the 70s and 80s with exceptional play and the occasional angry outburst we hear from tennis legend john mcenroe as he reflects on his life and career. it may be cooler and cloudier for some today but the heatwave is ongoing in the south east. temperatures will rise further this weekend, the met office have issued an extreme heat warning. i will have all the details later. it s tuesday 12th july. our main story. conservative mps hoping to become the next party leader and prime minister have until this evening to muster enough support to officiallyjoin the contest. they need at least 20 backers, under rules set out by the 1922 committee of tory backbenchers. 11 candidates have so far put themselves for