Bank of England says companies freezing hiring plans as it keeps interest rates on hold
Rate-setting committee also points to mounting global uncertainty as it pauses its cycle of reductions Business live latest updates The Bank of England has said UK businesses are freezing their hiring plans in response to Rachel Reeves’s tax increases and to mounting global uncertainty as it kept interest
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UK pay growth remains high, making interest rate cut less likely
Unemployment was level in January, but has risen over the past six months Business live latest updates Pay growth remained high at 5.8% in the three months to January, according to official data, maintaining the pressure on Bank of England policymakers to keep interest rates elevated when they
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Fear of a tariff ‘Trumpcession’ puts pressure on Bank and Fed over interest rates
A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do? Monetary policymakers on both sides of the Atlantic will be considering how seriously to take Donald Trump’s threats of an all-out trade war
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PM call with President Macron of France: 5 April 2025
The Prime Minister spoke to the President of France, Emmanuel Macron, this afternoon. HM GovernmentSource
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Late data from one business means UK wage growth may need to be revised, says ONS
Caveat from statistics agency is latest sign of its problems collecting reliable economic data Britain’s main measure of wage growth may need to be revised after a large employer failed to supply earnings data on time, the country’s troubled statistics agency has warned. In the latest sign of
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Coalition of the Willing Military Chiefs in Ukraine ahead of crucial meetings next week
As part of the UK’s leading efforts to build a Coalition of the Willing to secure a lasting peace in Ukraine, the Chief of the Defence Staff Admiral Sir Tony Radakin met with Ukrainian and French counterparts in Kyiv. HM GovernmentSource
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UK inflation falls to 2.8% in boost for Rachel Reeves before spring statement
Bigger-than-forecast decline in annual rate in February is positive news for chancellor in run-up to Commons address UK inflation has fallen back to 2.8%, giving Rachel Reeves some positive news before she makes her spring statement. The Office for National Statistics said annual inflation as measured by the
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Neonatal care leave and pay right for thousands of new parents
New entitlement will give thousands of eligible new parents each year with children in neonatal care a right to additional leave and pay. HM GovernmentSource
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England’s non-woodland trees freely mapped for first time
England’s trees outside woodlands have been mapped by satellite and laser are freely available for first time revealing they make up 30% of nation’s tree cover. HM GovernmentSource
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UK assistance reaches 15,000 people after Myanmar earthquake, with further £10m pledged
UK now providing up to £25 million for vital humanitarian assistance HM GovernmentSource
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