Business UK
The Bank of England increases interest rate to 4.5%
#bankofengland #interestrate #bankofenglandinterestrates #liam halligan
The Bank of England raises the interest rate to 4.5%
GB News Economics and Business Editor Liam Halligan reacts.
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Donald Trump hails “extremely positive and productive conversations” with China as the President speaks at a state banquet with the Chinese President Xi Jinping in Beijing.
#DonaldTrump #China #WorldPolitics #WorldNews #GBNews
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Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
#Labour #PrimeMinister #KeirStarmer #UKNews #GBNews
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Business UK
Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
#cabinetoffice #lgbt #uknews #ukpolitics #gbnews
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Join Martin for an up-to-the-minute take on the day’s events delivered in his own unique and lively style.
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
#paris #bastille #french #zelensky
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@Beatrice7822
January 14, 2024 at 1:44 pm
What is annoying to me your putting up interest rates up you the bank of of England are greedy because you are not including savings now come on let’s look into this & why ???????
@enigman6031
January 14, 2024 at 1:44 pm
One of the things that is so wrong in the UK is that dunces and yes-men get promoted and elevated to very high positions of authority. Whether or not they have a clue what they're doing is irrelevant. Step forward the board of the Bank of England, for example.
@davidcampbell7209
January 14, 2024 at 1:44 pm
Real reason behind all this is our so called political leaders need 7 million pounds a day to keep the luxury hotels full of illegal immigrants that number can only increase as every day more arrive. Neither conservative nor labour party are doing anything to stop this problem. The job of our so called political leaders is to protect our country not destroy it by inviting millions more into our country to live in hotels at our expense. If the numbers increase as i believe is going to happen the govt may need 14 million a day this will not in any way impact them as they live in nice safe areas and are all making large a amount of money both from their salaries and the kickbacks from big business.
@meridianleeward6370
January 14, 2024 at 1:44 pm
The saddest thing is people will lose there houses and struggle even more and people will still say the money spent on the coronation was worth every penny.
@brianparsons9368
January 14, 2024 at 1:44 pm
This is deliberate. More chaos. More profiteering. The rich only benefit. And the chaos is controlled by the rich.
@johntaylor3940
January 14, 2024 at 1:44 pm
PAYING FOR THE CORONATION NOW BOYS AND GIRLS
@davidheaton7401
January 14, 2024 at 1:44 pm
So the usurious bankers are saying that inflation will come down if they raise the usurious interest rate to criminal levels…wow, that is not obvious.
Thank God for Islam…down with usury!
@rd123.
January 14, 2024 at 1:44 pm
People wanted a longer harder lockdown. They can enjoy it now
@davidlloyd2583
January 14, 2024 at 1:44 pm
We stand with Ukraine! Hold on… is that uk social care burning in that ditch. Ukraine military got a 30% rise in 2023? we pay there wages.
@TB-mo4vu
January 14, 2024 at 1:44 pm
Our governments in Britain have kept interest rates artificially low for years and years and should never have lowered them in the first place and now interest rates are returning to their normal level, thats all.
@larslarsen5414
January 14, 2024 at 1:44 pm
Why is the UKs inflation so high as compared to the EU?
@williamjohnston4666
January 14, 2024 at 1:44 pm
Why does everyone even believe that they are trying to fight inflation ? They are NOT. They are actually fighting DEFLATION, by deliberately creating the very inflation they pretend to be fighting. This whole inflation fighting guff is a LIE.
@zzz22214
January 14, 2024 at 1:44 pm
UK inflation is deliberate.
Fake data too.
All those BOE negative forecasts about the UK economy my months ago …none of them happened ALL INCORRECT just like many which caused serious problems to the GBP ….and happy days for the US
@aerotus888
January 14, 2024 at 1:44 pm
Rates go up but saver account rates don't. Stop ripping savers off!!!!!!
@johndoe-bt1ll
January 14, 2024 at 1:44 pm
Come on! Housing market – hurry the hell up and crash already!
@exbritishforcespatriotscha7723
January 14, 2024 at 1:44 pm
People will lose homes by this and the only benefactors will be the banks.
@ftsetradersteve2742
January 14, 2024 at 1:44 pm
Don't rule out the greed factor here….I have just been to Tesco where I had previously bought a pair of military style trousers with cuffed legs which were priced at £22 and I see that hey have new stock of the same product at £27…..That is a pretty big percentage increase is it not…..Pensioners have had a 10.1% rise despite their purchases being weighted towards food and fuel which has of course increased far more than that…..In some sectors there have been 20% wage rises….
@connormcleod9595
January 14, 2024 at 1:44 pm
Needs to be 10%+
@steviegwhizz345
January 14, 2024 at 1:44 pm
Controlled demolition of the economy to bring in CBDCs.
@steviegwhizz345
January 14, 2024 at 1:44 pm
Real inflation based on cost of living is in reality well above 25%.
@bobjrdj
January 14, 2024 at 1:44 pm
So even after the Jeremy Hunt budget, where we now pay more council tax and more income tax and many low income people now starting to pay tax because of his failure to alter the basic rate tax level, we are still the worst performing nation, paying the highest taxes, paying the highest food prices, mortgages through the roof and household bills at record levels.
All these "measures designed to tackle inflation" have not made a single jot of difference and what does Jeremy Hunt say? "It's disappointing". What a complete joke.
@bachiltonsbattlegrounds3702
January 14, 2024 at 1:44 pm
Lol Liam got it wrong
@rv9497
January 14, 2024 at 1:44 pm
Spending 1 billion on the coronation was just perfect timing….well spent of tax payers money 🎉
@matthewmulligan3858
January 14, 2024 at 1:44 pm
It remains so stubbornly high because people keep flexing their plastic whilst asking for higher wages in order to maintain their lifestyle, its the poor who will suffer as per usual whilst the baby boomers and the rich will be laughing yet again. When are people going to realise that they live in a totally broken system.
@BulletProofBrain
January 14, 2024 at 1:44 pm
In 1980 Paul Volcker increased interest rates to 20% when inflation was 12% at peak. In reality BOE rates should be 20% and 25% at high street banks.
Money has been too cheap for over 40 years and the pendulum needs to move back to savers.
@topfour9160
January 14, 2024 at 1:44 pm
All part of the agenda to bring in digital currencies
@alexandermcclymont9131
January 14, 2024 at 1:44 pm
Agree with Liam Halligan allegedly FOOD RETAILERS are PROFITEERING. The Governor of the BANK of ENGLAND maybe issued with a P45 due to allegedly financial incompetence.
@stitcheruk1150
January 14, 2024 at 1:44 pm
GDP ? The government has no idea ! Wrong inflation data used = GDP purely a guess !
@Yewbzee
January 14, 2024 at 1:44 pm
Interest rates back to where they should be. Zero rates are the sign of a broken system.
@davidtwist3659
January 14, 2024 at 1:44 pm
Inflation is because they are still printing money and till they remove this money from circulation it will continue to rise. All Rishi doing.
@hazethere9410
January 14, 2024 at 1:44 pm
It was only a few weeks back they said inflation would be back to 3.9% by the end of the year. That is laughable. Let's be honest they aren't even being honest about how high the current inflation rate is and rely on peoples ignorance on how that's calculated to get away with it. Britain will simply slide into a third rate power with third rate living standards, and stay there, the data all points to this and if I recall rightly Britain is predicted to have a 58.5% drop in living standards (source bloomburg pulse survey may 1-5 638 respondents)
@dunkTheFunk
January 14, 2024 at 1:44 pm
None of this will stop until the housing crisis is resolved. There is too much incentive to keep house prices high, keeps wealth with the asset owing classes. With a TFR of 1.5, the population should naturally reduce and allow young people to not be put under huge housing pressures. The boomers dying will help but this wont be solved until they accept that houses should be to live not an investment.
@akwal1
January 14, 2024 at 1:44 pm
Rates need to go to 5-7% to stop people spending
@shaw99livecouk
January 14, 2024 at 1:44 pm
Rates going to12 %.
@brendanhughes850
January 14, 2024 at 1:44 pm
Name the nine members of the committee! Show their photos so the public knows who is responsible for this!
@grahamjackson4543
January 14, 2024 at 1:44 pm
The bank of England are incompetent.
They should have raised interest rates more than a year ago.
Get ready for the prolonged recession coming
@brendanhughes850
January 14, 2024 at 1:44 pm
Recovery can only come when you all start to tell the truth. What is coming to you all in Britain is so frightening. Why don't you expose the truth?
@barneymagee3285
January 14, 2024 at 1:44 pm
Lenski needs more missiles ….
@Hardman._
January 14, 2024 at 1:44 pm
It's time for inquires into these corporate companies…
@scottcarden8903
January 14, 2024 at 1:44 pm
You will own nothing and be happy is starting not to sound like a conspiracy anymore
@ML-xh1go
January 14, 2024 at 1:44 pm
The taxpayers will be expected to keep all the Afghans, Ukrainians, plus the rest who should not be here like all the illegals ,whilst they are struggling with higher mortgages and cost of living, and now Sunak has back tracked again over getting rid of the EU rules, roll on the general election let’s vote for the Reform Party, sick of broken promises,
@keith8609
January 14, 2024 at 1:44 pm
Good news for the bank savers 👍
@diegolove173
January 14, 2024 at 1:44 pm
The Idiots at the BOE were too slow to act and now we are fucked
@garryharrington8255
January 14, 2024 at 1:44 pm
dingy divers dont care free food free homes no work just get paid not to work.. fools
@michaelscales5996
January 14, 2024 at 1:44 pm
Good news for savers then ! Borrowers have enjoyed the lowest rates in history for a decade, whilst savers were ignored.I recall rates hitting 17% in 1979, so 4.5% is not that high.
@fs960
January 14, 2024 at 1:44 pm
Incremental is the Chinese way.
@adamfernandez3701
January 14, 2024 at 1:44 pm
The Banks are making big money out of high interest rates and not passing it on to Savers. Repossessions will increase with every Rate Increase thats the plan to seize peoples homes .
@brianwillson9567
January 14, 2024 at 1:44 pm
With inflation over 10%, interest rates should be at least that. Anything less is state sponsored theft from savers. The prudent, pensioners etc.