UK interest rates should be raised without delay, says Bank's McCafferty - as it happened

Chinese president promises to lower import tariffs, easing fears of trade war 2.45pm BST Stock markets are moving higher after a speech by China’s president Xi at the Boao Forum defused some of the fears of a trade war between Beijing and the US. Xi said China would take measures to widen market access for foreign investors and would lower import tariffs on products including cars.However China is reported to have filed a complaint with the World Trade Organisation over the proposed US tar