Another Bank of England rate cut this year less likely given inflation fears and split vote – as it happened
Monetary Policy Committee has cut UK interest rates today, in a deeply split decision, but City pricing suggests another cut in 2025 is no longer fully priced in UK interest rate cut: what does it mean for mortgages and savings? Analysis: Bank’s base rate gift signals wage rise
Read MoreTrump tariffs kick in; Bank of England likely to cut rates – business live
Rolling coverage of the latest economic and financial news Dozens more countries face higher taxes on exports to US as new Trump tariffs come into effect Donald Trump’s plan to impose 100% tariffs on semiconductors would be “devastating” for the Philippines, an industry leader has warned today. The
Read MoreMajor skills boost at the heart of transformative new Defence Industrial Strategy
UK jobs and skills will be the driving force behind making the country a defence industrial leader under a transformative new strategy to be launched next week. HM GovernmentSource
Read MoreBank of England poised to cut interest rates
Quarter-point reduction expected, with City investors predicting a three-way split among rate setters • Business live – latest updates The Bank of England is poised to cut interest rates on Thursday despite a growing divide between its policymakers over the dangers to the economy from high inflation and
Read MoreBank of England poised to cut interest rates on Thursday
Quarter-point reduction expected, with City investors predicting a three-way split among rate setters The Bank of England is poised to cut interest rates on Thursday despite a growing divide between its policymakers over the dangers to the economy from high inflation and rising unemployment. In a development that
Read MoreUK businesses cut jobs at fastest pace in four years over summer, Bank of England finds
Companies say increase in employer national insurance contributions has forced them to cut jobs and raise prices UK businesses cut jobs at the fastest pace in four years over the summer, according to a Bank of England survey highlighting the impact from tax rises on employers. The monthly
Read MoreLabour should beware Nigel Farage weaponising its part in the cost of living crisis | Richard Partington
Autumn budget must address pain of high inflation on hard-pressed UK households as food prices rise “These prices are disgusting” is the common retort from shoppers browsing the supermarket shelves. To say that the cost of everything from a pint of milk to a loaf of bread has
Read MoreBank of England show to remember lost splendours of Sir John Soane building
Exhibition explores Bank’s former grandeur and its rebuilding under Sir Herbert Baker that began 100 years ago A century ago the wrecking ball demolished the halls, courtyards, arches and domes of one of London’s best-loved buildings in what the architectural historian Nikolaus Pevsner would decry as “the greatest
Read MoreTreasury should tax big banks on quantitative easing windfalls, argues thinktank
IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year Rachel Reeves should levy a new bank tax and urge the Bank of England to halt bond sales to reduce the government’s £22bn-a-year losses from quantitative easing, the
Read MoreUK faces ‘acute challenge’ from weak growth and shrinking workforce, says Andrew Bailey
Bank of England governor tells Jackson Hole summit that ageing population is adding to the squeeze Britain faces an “acute challenge” from its weak underlying economic growth and a drop in the number of workers since the pandemic, according to the Bank of England governor, Andrew Bailey. A
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