On Thursday the Bank of England’s Monetary Policy Committee (MPC) has announced they will keep interest rates at 4.75%, in yet another blow for Labour. The...
As expected, the Bank of England’s Monetary Policy Committee stood pat on policy at the final meeting of the year, holding Bank Rate steady at 4.75%....
The November UK inflation report pointed to price pressures having remained persistent last month, killing stone dead the slim chance of any Bank of England (BoE)...
UK wage rises remained buoyant in the August to October period with annual growth in employees’ average regular earnings, including and excluding bonuses, coming in at...
The Bank of England governor Andrew Bailey has warned how businesses react to the Chancellor’s Autumn Budget is the “biggest issue” which is being monitored closely....
UK inflation surged to 2.3% in October, up from 1.7% in September, sparking fresh concerns about wealth erosion and unsettling financial markets. This significant rise, coupled...
Following a sharp decline in the pound on Friday sterling has held steady on Monday against the US dollar trading at $1.2619. The recovery of the...
The British pound continues to face downward pressure, with the currency poised to close the week lower. This ongoing weakness is most pronounced against the U.S....
Catherine Mann, an economist and member of the Bank’s Monetary Policy Committee (MPC), has said that the Bank of England will “move big” over cutting interest...
With Donald Trump wining the US presidential election, the Bank of England lowering interest rates remains uncertain. The Banks chief economist Huw Pill said further rate...
The Bank of England’s decision to cut the benchmark interest rate to 4.75% on Thursday is a welcome step, but businesses and consumers must adjust to...
Rates cut by 0.25% to 4.75%, MPC voted 8-1 to cut rates, with the dissenter preferring to leave cuts unchanged at 5%. Inflation is expected to increase to around...