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Bank of England cuts UK interest rates to 3.75% in 5-4 voting split – business live

Rolling coverage of the latest economic and financial news, as Bank of England governor Andrew Bailey switches vote – allowing rate cut today UK inflation falls sharply to 3.2% amid slowdown in food price rises Back in the City, shares in hotel group Whitbread have jumped by 5.5%

Inflation drop makes Bank of England early Christmas present to Reeves almost a certainty

Monetary policy committee, cautious in recent months, expected to respond with cut in interest rates UK inflation falls sharply to 3.2% Business live – latest updates The sharper-than-expected drop in UK inflation to 3.2% last month has eliminated any lingering doubt about whether the Bank of England will

UK inflation falls sharply to 3.2% amid slowdown in food price rises

Drop in November annual rate adds to case for Bank of England cut to interest rates on Thursday Analysis: Inflation drop makes Bank of England early Christmas present to Reeves almost a certainty Business live – latest updates UK inflation fell by more than expected in November to

Rishi Sunak tells Covid inquiry he was worried about UK’s ability to fund itself

Reflecting on chaos of early pandemic, former chancellor said it was ‘acutely stressful’ to see rising interest bill on government bonds Rishi Sunak was concerned about the UK’s ability to fund itself in March 2020 after the government announced rescue measures costing tens of billions of pounds to

How many more times will the Bank of England rescue Rachel Reeves? | Richard Partington

The City expects a cut in interest rates on Thursday but the economic prospects for 2026 complicate the picture In the economic gloom of Labour’s first year in power, Rachel Reeves has had a reliable shred of comfort to cling to: five times since the general election, the

UK economy shrank unexpectedly before budget, data shows

GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover Business live – latest updates Britain’s economy shrank unexpectedly in October as consumers held back on spending before Rachel Reeves’s budget, and car manufacturing struggled to recover from the cyber-attack

Bank of England expects budget will cut inflation by up to half a percentage point

In a boost for Rachel Reeves, deputy governor says analysis shows her policies will lower annual rate next year The Bank of England expects Rachel Reeves’s budget will reduce the UK’s headline inflation rate by as much as half a percentage point next year. In a boost for

BoE predicts budget measures will lower inflation, and denies uncertainty caused unusual bond market volatility – as it happened

Rolling coverage of the latest economic and financial news, as Bank of England policymakers testify to MPs on the Treasury committee Teresa Ribera, the EC’s executive vice-president for Clean, Just and Competitive Transition, has explained why the Commission is probing Google over its artificial intelligence activities: “AI is

New solution for TenneT’s capital requirements

TenneT is making the electricity grid fit for the future. Major investments will be required in the coming years to strengthen and expand the grid. This is necessary to meet growing demand for electricity, including from households and companies that want a new or higher power connection. TenneT

Bank of England cutting jobs as part of overhaul after critical Bernanke review

Bank under budget pressures as it responds to former Fed chair’s report into failure to forecast surging inflation Business live – latest updates The Bank of England has said it is cutting jobs amid sweeping changes at Threadneedle Street after a highly critical review into its failure to

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