4 Things You Need To Know (14/9/17)
Welcome to our daily update, where we summarise the key talking points from the last 24 hours.
1. The Bank Of England
Higher inflation and increasing growth could result in an interest rate hike in “the coming months”, the Bank Of England has said.
Reacting to the news, the pound climbed 1% against the dollar to $1.3363. For now, interest rates are on hold at 0.25%.
2. New £10 note
Today marks the first day of circulation for the new polymer £10 note.
It features novelist Jane Austen, and boasts increased security features. The old £10 note, which features Charles Darwin, will remain in circulation until the spring of 2018.
A new £20 note is set for release in 2020.
3. Terror arrests
The number of terror related arrests has risen by 68% since the recent spate of attacks in the UK. This number is the highest since records began.
In total, there were 379 terror related arrests in the twelve months to June.
Jean Claude-Juncker, President of the European Commission, has said that Britain will “soon regret” Brexit.
“We will move on because Brexit isn’t everything, it’s not the future of everything, it’s not the be all and end all,” he told a conference on working towards deeper integration between the 27 remaining EU countries.