The bank of englands Monetary Policy committee, the nine economists who decided Interest Rates, they dont meet every month. They meet eight months a yeah month. They meet eight months a year. The fact that they have been held, it is disappointing for lots of people who want to remortgage their house. They want to see Mortgage Rates come down, its also disappointing, of course, for someone called rishi sunak, who is betting hes bet the ranch , bet the tories bet the ranch, bet the tories entire strategy for this election, to the extent they have a strategy on playing the long game, on waiting for Interest Rate cuts on getting more tax cuts in. Weve had two so far, those National Insurance reductions, tory high command wants to get another one in before the general election. So i dont think therell be disappointment in downing street because they knew this was coming. They knew there wasnt being an Interest Rate cut today. Now, when i take my eyes away from the camera and manage to read,
Aaron armstrong in the gb newsroom. The chancellor has welcomed the bank of englands decision to hold its base rate, saying its better not to rush into cutting Interest Rates. It has been left unchanged. Therefore, for a sixth time at 5. 25, the governor of the bank, Andrew Bailey, was optimistic. Hes hinted a cut may come as early as june, but says that is by no means a done deal. Jeremy hunt says things are improving. I welcome the fact that the bank of england has obviously thought about this very hard. They take this decision independently and i would much rather that they waited until theyre absolutely sure inflation is on a downward trajectory. And rushed into a decision that they had to reverse at a later stage. What reverse at a later stage. What we want is sustainably low Interest Rates and i think whats encouraging is that the bank of england governor for the first time, has expressed real optimism that were on that path. However, the shadow chief secretary to the treasury, d
Show a delight to have your company today broadcasting from my oil patch here in paddington. Loads to talk about. You will not believe some of the facts and figures and stats were about to come out of this report called taking back control, written by Robert Jenrick , the written by Robert Jenrick, the immigration minister, former immigration minister who resigned in principle over what were about to reveal simply shocking stuff. And also today, its turned out that some of our most favourite insults in the engush most favourite insults in the english language are going out of fashion. My favourite is plonker. What are yours . Send in plonker. What are yours . Send in your favourite very british insults. Please keep them clean. Insults. Please keep them clean. I dont want to lose my job. Its been a great week and ill read out a few before the end of the show. Now get in touch the usual ways gb news. Com forward slash your save. Lets now kick off with your headlines and its tatiana sanch
You think about this idea . And whether we think we need this idea . Visit bbc dot co. Uk slash five live and here s your news. Sir keir starmer has called labour s win in the rutherglen and Hamilton West by election a seismic result for the party. They secured more than twice the number of votes as the snp which had held the seat. Labour s pledged to bring in supervised toothbrushing at schools in england as well as an extra 700,000 Dentist Appointments if they win the next election. The party s also pledged to prioritise patients in need of serious treatment. Rishi sunak and his italian counterpart Georgia Meloni Have urged the eu to go much further in tackling illegal migration. They say action s needed to smash the Smuggling Gangs who ve caused a moral and humanitarian crisis. And mps are calling for a ban on the use of Live Facial Recognition Technology for public surveillance. They ve signed a statement with tech experts and Campaign Groups to raise concerns about the police and
Into circulation on friday to commemorate the day britain leaves the European Union. And coming up at 12 16, click is in los angeles to meet the company that is sd printing space rockets. Hello, good afternoon. The president of china has said his country is facing a grave situation after the number of cases of coronavirus rose sharply to nearly 2000. Chinese Officials Say the virus is infectious in its incubation period, before symptoms show, making it harder to contain. Chinese state media say 56 people have now died. Chinese president xijinping held a special goverment meeting on the Lunar New Year public holiday, where he warned that the spread of the virus is accelerating. A nationwide ban on the sale of wildlife has been imposed. Its believed the outbreak stemmed from the illegal sale of animals at a wuhan fish market. Elsewhere, the us has announced that staff at its wuhan consulate will be evacuated on a special flight on tuesday. And here the Foreign Office has warned against t