England

The Bank of England hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight to rein in prices after a surprise ...

The Office for Budget Responsibility, the government’s fiscal watchdog, expects inflation to fall rapidly, reaching around 3% in the final quarter of this year, helped by falling energy prices and further easing of supply bottlenecks. It added that the UK banking system “remains resilient.” The Bank of England’s job is made even more complicated by the fact that the UK economy is expected to shrink this year. “With a flagging economy and lower energy costs still set to drive a significant fall in inflation this year, despite February’s surprise increase, the case for cutting interest rates is only likely to grow,” commented Suren Thiru, economics director at the Institute of Chartered Accountants in England and Wales. The Bank of England said it would “continue to monitor closely” any effects from the banking crisis on credit conditions faced by households and firms. The Bank of England targets an inflation rate of 2%. [letter](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1145294/Open_CPI_Letter_-_March_2023_-_23_March.pdf) Thursday to finance minister Jeremy Hunt, Bank of England governor Andrew Bailey said inflation had “increasingly been driven also by factors that are more domestic,” in particular labor shortages. [Bank of England](https://edition.cnn.com/2023/02/02/economy/bank-of-england-ecb-interest-rates/index.html) hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight to rein in prices after a surprise [increase in inflation ](https://edition.cnn.com/2023/03/22/economy/inflation-uk-surprise-rise-february/index.html)in February. [energy bills](https://edition.cnn.com/2023/03/15/business/uk-energy-price-guarantee-extension/index.html), the bank added. [major central banks](https://edition.cnn.com/2023/03/22/economy/federal-reserve-meeting-march/index.html), it has pushed ahead with [raising rates ](https://edition.cnn.com/2023/03/16/economy/european-central-bank-interest-rates/index.html)despite recent turmoil in the [banking sector](https://edition.cnn.com/2023/03/23/investing/credit-suisse-ubs-impact-switzerland/index.html). [statement](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/march-2023) that since its last meeting in February, inflation “had surprised significantly on the upside and the near-term path of GDP was likely to be somewhat stronger than expected previously.” The Bank of England said in a

Policymakers approved a quarter-point increase, to 4.25 percent, while affirming that British banks were “resilient.”

“The persistence of inflation appears more worrying in the U.K. Those prices “tend to be volatile and could therefore prove less persistent,” according to the minutes of the bank’s meeting. To some extent, those risks materialized in the surprising upturn in Wednesday’s data, which showed food prices rising in February at their fastest pace in 45 years and a measure of services inflation increasing. Bailey said in a video posted by the bank on Thursday. The Bank of England forecast that the inflation rate would fall significantly this year, and average about 4 percent around the end of the year. But it noted that, in Britain, wholesale bank funding costs, a measure of how much it costs banks to borrow money, particularly for short periods, had risen, a sign of increased risk in the banking sector. He argued that the central bank would pause rate increases because wage growth was easing and energy prices were lower. At the moment, “it was unclear how credit conditions and economic activity might be affected by recent banking-sector stress in a number of advanced economies,” the Bank of England said. The central bank had forecast that the inflation rate would fall to 9.9 percent. And wage growth has been weaker than expected, easing policymakers’ concerns that high wages in the private sector would make it harder to return inflation to the bank’s 2 percent target. Previously, the bank had shifted its tone to indicate that future interest rate increases were not a given. and Swiss banking systems](https://www.nytimes.com/2023/03/21/business/regional-banks-depositors-fears.html) [spurred global central bankers into protective moves](https://www.nytimes.com/2023/03/19/business/economy/federal-reserve-banks-dollar-access.html) to shore up financial stability.

Will Gareth Southgate's England claim revenge for their Euro 2020 defeat in this Group C clash in Naples?

In some cases with smart TV services, after you install a cable network's sports app, you'll be asked to verify a numeric code or click a link sent to your email address on file for your smart TV. Second, some smart TVs -- like Roku -- don't have VPN apps you can install directly on the device itself. If you're not, a standalone monthly subscription to the service starts at AU$25. First, log into your streaming service subscription account and make sure the address registered for the account is an address in the correct viewing area. If you find yourself unable to view the game locally, you may need a different way to watch the game -- that's where using a VPN can come in handy. - All of the VPN providers we recommend have helpful instructions on their main site for quickly installing the VPN on your router. The service has exclusive broadcast rights to every Euro 2024 qualifier this season. Terrestrial free-to-air station Channel 4 has the rights to show all of England's Euro 2024 qualifiers live in the UK. It's normally $13 a month, and you can Italy host England at the Stadio Diego Armando Maradona in Naples on Thursday, March 23. That win was sealed with a victory at Wembley against their opponents on Thursday, adding extra incentive for England skipper Harry Kane to get on the score sheet this evening. PT in the US, and 6:45 a.m.

Get a report of the Italy vs. England 2024 European Championship Qualifying, Group Stage football match.

"It's the first time that England have won in Italy for a long, long time and to be part of that is amazing. And to everyone in here, thank you to everyone who has made this dream come alive." [Jack Grealish](http://www.espn.com/soccer/player/_/id/172850/Jack-Grealish) missed a glorious chance to make it 3-0 on the stroke of half-time. "I knew it wouldn't take long but that was quick. "I want to also say a big thank you to my teammates, to the staff, the fans, my family back home and my wife. [Jude Bellingham](http://www.espn.com/soccer/player/_/id/291281/Jude-Bellingham) ran the show in the early stages for England and he forced a superb save from Donnarumma when he let fly with a ferocious shot from distance. Congrats Harry!" [Argentina](/football/team?id=202)-born Retegui smashed a low shot past [Jordan Pickford](http://www.espn.com/soccer/player/_/id/159443/Jordan-Pickford). [Luke Shaw](http://www.espn.com/soccer/player/_/id/167127/Luke-Shaw) was sent off for a second yellow card to leave England to defend the final minutes with 10 men. [Giovanni Di Lorenzo](http://www.espn.com/soccer/player/_/id/155904/Giovanni-Di-Lorenzo) was penalised for handball in the 42nd minute, finding the corner to claim another scoring record. [Harry Maguire](http://www.espn.com/soccer/player/_/id/157073/Harry-Maguire). [European Championship](/football/league/_/name/UEFA.EURO), won on penalties by Italy, England were vastly superior in the first half and went into the break with a 2-0 lead courtesy of [Declan Rice](http://www.espn.com/soccer/player/_/id/238262/Declan-Rice) and Kane's record-breaking strike from the penalty spot.

Harry Kane had just three England goals to his name when Wayne Rooney broke Bobby Charlton's long-standing record of 49 in a 2-0 victory over Switzerland in ...

I know what it meant to him and I was so proud of him," Kane told Channel 4. "It means everything. A magical moment. "Congratulations to Harry Kane on becoming England's all-time leading goalscorer. "To break the record in the manner he did given the recent history was an indication of his strength of character and his mentality," Southgate said. Register for free to Reuters and know the full story

England beat Italy 2-1 at the Stadio Diego Armando Maradona in Naples Thursday as Gareth Southgate's side scored twice in the first half with Declan Rice ...

The main difference between Italy and England is that the English young players are regularly playing Premier League and European soccer with their respective clubs, while the Italian ones are struggling to play on a regular basis. Mancini's ambition is to accelerate the process of improving these players in the national team while the clubs are often reluctant to give more minutes to the Italian young stars. The first thee years were really successful in the qualifiers and culminated with the historical win at the Euros in the final against England at Wembley.