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Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. ....
they have a range of up to 560 kilometres about 350 miles and can only carry conventional warheads. the move prompted an instant response from the kremlin saying it would require in adequate response from our military. in december i informed the house that i was developing options to respond to a russia s continued aggression in a calibrated and determined manner. today i can confirm that the uk is donating storm shadow missiles to ukraine. storm shadow is a long range, conventional only precision strike capability. it compliments the long range systems already gifted including himars and harpoon missiles, as well as ukraine s own neptune cruise missile and longer range missions elsewhere gifted. the donation of these weapons systems gives ukraine the best chance to defend themselves against russia s continued brutality, especially the deliberate targeting of ukrainian civilian infrastructure, which is against international law. ukraine has a right to be able to defe ....
A stubbornly high io.i% in march this year. the uk s chancellor of the exchequer jeremy hunt has defended the banks decision. although it is good news that the bank of england is no longerforecasting recession, today s interest rate rise will obviously be very disappointing for families with mortgages. but unless we tackle rising prices, the cost of living crisis will only carry on which is why we need if we do that we can bring certainty back to family finances. the bank of england is predicting we will hit the inflation target. there s never been anything automatic about hitting it and that s why it s so important if we re going to bring certainty back to family finances, stock prices rising that we stick to our plan to have it. the labour party has responded by saying the prime minister should take responsibility for the rise in mortgage rates. they ve called for a windfall tax ....
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