Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England
Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warns Trump imposes new tariffs on dozens of partners, sparking fresh market turmoil Business live – latest updates Donald Trump’s sweeping tariffs have put global growth at risk, the Bank of England has
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Bank ‘should cut UK interest rates to at least 4% in May amid tariff turmoil’
Ex-Bank of England deputy governor Charlie Bean says cut of 0.5 points needed because of ‘crazy situation’ in US The Bank of England should use its meeting next month to cut interest rates by at least half a percentage point to 4% in response to the financial turmoil
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UK savers could have up to £110,000 protected under regulator’s new plan
Rise from current limit of £85,000 would be first big change to protection scheme since 2008 banking crisis Business live – latest updates UK savers would have up to £110,000 of their deposits protected if their bank or building society goes bust under proposals put forward by the
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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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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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The Guardian view on Rachel Reeves’s spending cuts: a choice, not an economic necessity | Editorial
The spring statement casts austerity as unavoidable, but Labour is clinging to economic myths while ignoring the tools of power The chancellor’s spring statement arrives with the sombre tone of inevitability. Britain, we’re told, must tighten its belt. Welfare payments for the sick and disabled will be shrunk.
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Russia has acted to obfuscate and embolden the DPRK’s unlawful pursuit of weapons of mass destruction: UK statement at the UN Security Council
Statement by Ambassador James Kariuki, UK Deputy Permanent Representative to the UN, at the UN Security Council meeting on North Korea. HM GovernmentSource
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Tech companies urged to join drive to cut crime
Top tech experts are meeting the Justice Secretary as part of a Government drive to use AI and technology to transform the justice system and cut crime. HM GovernmentSource
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‘It’s pretty bad’: Bank of England top official on the lack of female economics students
Deputy governor Clare Lombardelli calls for more women and people from poorer backgrounds to take key subject Economics has an image problem, says Clare Lombardelli, a deputy governor at the Bank of England. With few children from poorer backgrounds studying the subject and only a small proportion of
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Bank of England poised to cut rates as fears grow over impact of Trump tariffs
Markets suggest quarter-point reduction to 4.25% is almost certain but some economists say Bank must go further The Bank of England is poised to cut interest rates on Thursday amid growing concerns over the hit to UK jobs and growth from Donald Trump’s increasingly erratic global trade war.
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