Bank of England
UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts
The Bank of England’s top economists will meet on February 6 when forecasters predict they will cut the base interest rate to 4.5%.
Mortgage approvals to home buyers edged up in December – Bank of England figures
One property expert described the start of 2025 as ‘upbeat’.
Former Bank boss Mark Carney announces bid to replace Canada’s Trudeau
Mr Carney headed up Britain’s central bank between 2013 and 2020 before being succeeded by Andrew Bailey.
Lenders expect mortgage demand to shrink in early 2025, Bank of England finds
The latest survey findings point to the financial strain on households against a backdrop of continued inflationary pressures, one expert said.
Bank of England should cut rates pre-emptively, says committee member
Alan Taylor, the most recently appointed member of the Bank’s monetary policy committee (MPC) said the UK is ‘in the last half mile on inflation’.
Slower UK inflation relieves pressure on Rachel Reeves as financial markets calm
The cost of Government borrowing eased on Wednesday morning in a tentative sign of relief among traders after more heightened economic concerns.
Surprise inflation dip provides ‘respite’ for Chancellor amid market turmoil
Chancellor of the Exchequer Rachel Reeves said she will ‘fight every day’ to improve people’s living standards.
Rachel Reeves: From child chess champion to ‘iron’ Chancellor
She became Britain’s first female Chancellor in July against a daunting backdrop of a sluggish economy and competing demands for public spending.
Firms to pass on tax hikes through lower wages in long run, Bank executive says
Sarah Breeden, the Bank’s deputy governor for financial stability, also said firms might respond to the tax rises by cutting staff or raising prices.
UK long-term borrowing costs jump to highest level since 1998
The yield on 30-year gilts increased on Tuesday by four basis points to 5.22%, surpassing the spike seen in 2023.