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Bank of England governor backs chancellor's plans after rate cut
Bank of England governor Andrew Bailey said he is a supporter of the Chancellor's long-term growth plans announced last week ...
Back to the 70s nightmare: Labour's Britain faces a new era of rising inflation, flatlining growth and stagflation, the Bank of England warns
A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, ...
Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Rachel Reeves has suffered another blow in her bid to boost tepid economic growth after the Bank of England played down the idea of a big interest rate cut later this year. At such a critical moment ...
Bank of England chief dismisses inflation as 'upward blip' and 'unlikely' to impact everyday prices
The Bank of England's chief economist Huw Pill said that despite forecasts of inflation climbing to 3.7% in the second half ...
Bank of England slashes growth hopes for British economy in 2025
The Bank of England lowered its main interest rate by a quarter of a percentage point to 4.50 per cent, taking it to its ...
Bank of England chief economist downplays fears over inflation surge
Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday ...
European stocks end the week lower amid U.S.-China trade spat volatility
European stock markets ended the day in negative territory after a key U.S. jobs report disappointed investors. The ...
Week in Business: Growth hammer blow means Reeves must change course
Low growth and high inflation means the economy can't afford the government's policies and Reeves must reconsider her looming ...
London midday: Stocks dip ahead of payrolls; L&G surges
On the upside, Legal & General surged as it announced the sale of its US protection business to Japanese peer Meiji Yasuda, with the latter taking a 5% stake in L&G in a deal worth $2.3bn.
Interest rates: Why have they been cut and what does it mean?
The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.
Andrew Bailey lays bare the damage of Reeves’s broken promises
Rachel Reeves promised businesses time and time again before the election that she was on their side. As part of her Mais ...
Barclays, HSBC, Virgin Money forced to bring in new rules 'starting from today'
Barclays and HSBC and Virgin Money have all moved to reduce mortgage rates after the Bank of England interest cut. Barclays ...