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In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in ov ....
The movement restrictions imposed by Brexit on Britons, including second-home owners, has had a detrimental effect on EU economies. But, could it all change? ....
Jeremy Corbyn s Labour endured their worst election defeat since 1935 (Image: GETTY) Their manifesto pledge to hold a second referendum was torn to shreds by experts, and voters, and saw its infamous Red Wall fall to the Tories. And within weeks of 2020, Mr Johnson secured the UK s exit from the EU, signalling months of trade talks with the bloc, which would eventually lead to a pact being secured on Christmas Eve last year. More recently, Lord Adonis was under attack for making the argument to rejoin the European customs union and single market. Boris Johnson and Ursula von der Leyen before securing pact (Image: GETTY) ....