Bank of England deputy governor warns of increased inflation risks, as house prices rise again – business live
Sir Dave Ramsden says risks to the BoE’s inflation target as two-sided, requiring ‘gradual and careful approach’ to rate cuts Shares have fallen sharply across Asia-Pacific markets after Donald Trump announced that a new 10% tariff will be imposed on Chinese imports next week. China’s CSI 300 index
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UK inflation jumps to 3%, reducing chance of early interest rate cut
Annual CPI inflation rate hit 10-month high in January in blow to ministers amid rise in food bills and fuel costs Analysis: Bank of England faces bumpier road after inflation accelerates Business live – latest updates UK inflation accelerated faster than expected at the start of this year,
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Bank of England faces bumpier road after inflation accelerates
Tough route also awaits Rachel Reeves as households reel from sharp increase in living costs UK inflation jumps to 3% Business live – latest updates Andrew Bailey had warned there would be a bump in the road. But after inflation jumped by more than expected to 3% in
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Strong wage growth gives Bank of England interest rate dilemma
Quick cuts unlikely because persistently high pay rises will probably be deemed inflationary UK pay growth rises 6% despite job loss warnings after Reeves’s budget Business live – latest updates There was a brief period when the Bank of England was poised to cut interest rates and cut
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UK pay growth rises 6% despite job loss warnings after Reeves’s budget
Unemployment rate unchanged in three months to December, while vacancies increased in January Business live – latest updates The pay of UK workers grew sharply in December and unemployment remained unchanged despite warnings from business that Rachel Reeves’s autumn budget would lead to job losses. Figures from the
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UK economy grows by 0.1% in unexpected boost for Rachel Reeves
ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline Britain has avoided a recession after the economy unexpectedly picked up in the final three months of 2024, easing some of the pressure on Rachel Reeves after flatlining during the summer.
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UK economy on course for 1.5% expansion, NIESR predicts
Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hit The British economy is on course to expand by 1.5% this year after the budget gave a boost to public spending but could be blown off course
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Andrew Bailey warns against watering down City regulations in pursuit of growth
Bank of England governor says there is ‘no trade-off’ between economic growth and financial stability The governor of the Bank of England has warned against watering down City regulations introduced after the 2008 banking crash, saying there was “no trade-off” between economic growth and financial stability. In a
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Bank of England’s Mann backed rate cut as she sees inflation ‘hump’ easing
Downturn in jobs market will mean workers will be unlikely to be able to bid up their wages, says policymaker Business live – latest updates The Bank of England policymaker Catherine Mann has said she backed a half-point cut in UK interest rates last week because she believes
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The Guardian view on interest rates: the Bank of England on its own won’t revive growth | Editorial
Base rate cuts may ease borrowing costs but without stronger public spending and targeted tax relief, economic stagnation will persist “It will be welcome news to many that we have been able to cut interest rates again,” said Andrew Bailey, the Bank of England governor, last week. Plenty
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