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Strong UK pay growth could limit interest rate cuts, Bank policymaker warns

Megan Greene says apparent end to the decline in wage growth could hinder fight against inflation The Bank of England may not be able to lower interest rates as much as expected this year, due to strong UK pay growth and expected rate cuts in the US, one

Bank of England governor hits out at populism as Trump interferes in US Fed

Andrew Bailey says he and heads of other institutions have responsibility to ‘challenge back’ populist narratives Business live – latest updates The governor of the Bank of England has urged the world’s leading global institutions to fight back against the rise of populism, warning that it represents one

‘We could hit a wall’: why trillions of dollars of risk is no guarantee of AI reward

Progress of artificial general intelligence could stall, which may lead to a financial crash, says Yoshua Bengio, one of the ‘godfathers’ of modern AI Will the race to artificial general intelligence (AGI) lead us to a land of financial plenty – or will it end in a 2008-style

FCA stops Advantage Wealth Management Ltd from carrying out regulated activities and imposes assets restriction

The FCA has imposed restrictions on independent financial adviser Advantage Wealth Management Ltd (AWM), which means it must not dispose of any assets or conduct any regulated activities without the written consent of the FCA. The action follows concerns that AWM is not being managed in a way

Deep in the vaults: the Bank of England’s £1.4bn Venezuelan gold conundrum

Nicolás Maduro’s seizure by US reopens question of who controls country’s reserves held in the UK Trump suggests US taxpayers could reimburse oil firms Business live – latest updates Venezuela live – latest updates Deep under London’s streets, thousands of miles from Caracas, Nicolás Maduro’s seizure by the

UK credit card borrowing rises at fastest annual rate in almost two years

Bank of England says individuals borrowed extra £2.1bn in consumer credit in November Business live – latest updates Credit card borrowing rose at the fastest annual rate for almost two years in November, according to the Bank of England, as households took on debt to finance the rising

UK economy entering 2026 amid sharp private sector downturn, says CBI

Business lobby survey finds firms ‘put brakes on key spending decisions’ before autumn budget Heather Stewart: Four reasons to be cheerful about UK plc in 2026 Wes Streeting urges closer EU trading ties to grow economy UK failure to seal EU tax exemption hands firms pile of paperwork

More UK interest rate cuts expected in 2026 after Bank of England lowers borrowing costs to near three-year low – as it happened

Rolling coverage of the latest economic and financial news, as Bank of England governor Andrew Bailey switches vote – allowing rate cut today Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy Back in the City, shares in hotel group Whitbread have jumped

Narrow Bank of England vote puts end of interest rate-cutting cycle in sight

Another reduction expected next year but monetary policy committee is deeply divided over inflation prospects Bank cuts rates to 3.75% Business live – latest updates Rachel Reeves has reason to be cheerful. After last month’s budget, the Bank of England cutting interest rates will come as an early

Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy

Rate-setters back quarter-point cut after steep fall in inflation and weak economic data but vote remained close Business live – latest updates The Bank of England has cut interest rates by a quarter point, giving a pre-Christmas boost to the struggling UK economy, but a split vote among

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