UK trade deals to lift growth, KPMG says June 4, 2025 UK growth could be higher than expected due to trade deals agreed with the US and the European Union, a City consultancy has said. Most forecasters downgraded the UK’s economic outlook for the year in the wake of President Trump’s ‘Liberation Day’, with the IMF and other major forecasters warning the UK was set to [...]
Andrew Bailey: Surveys point to weak UK economy June 3, 2025 Andrew Bailey has backed the Bank of England’s low growth outlook, highlighting dreary business surveys which indicate the UK economy looks set to weaken. In an appearance in front of the Treasury Select Committee, the Bank Governor said growth of 0.7 per cent in the first quarter of the year was a “good number” but [...]
Bank of England warns pace of rate cuts ‘shrouded in uncertainty’ June 3, 2025 The pace of UK interest rate cuts is “shrouded in a lot more uncertainty” due to the “unpredictable” global economic situation, the governor of the Bank of England has said. Andrew Bailey told MPs during a Treasury Committee session that while rates are on a “glide path” downwards the Bank had “genuine concerns” about escalating [...]
UBS creates AI tool to monitor interest rate cuts May 21, 2025 UBS has created an AI model that takes a view on central bank’s hawks and doves when interest rates are set in a bid to cut through the noise of hard-to-read press conferences. In a new policy paper spanning 38 pages, the Swiss bank revealed that its new tool is adept at “measuring the tone [...]
Interest rate cuts would ‘boost growth’, businesses tell Bank of England May 15, 2025 Further interest rate cuts by the Bank of England would get consumers to spend more and boost the economy in the coming months, business leaders have said after UK GDP grew by 0.7 per cent in the first three months of the year. Economists at the Confederation of British Industry (CBI) and the Institute of [...]
Boost for Rachel Reeves as UK economy booms in first quarter May 15, 2025 The UK economy surged by 0.7 per cent in the first three months of the year, official data has shown, suggesting firms boosted production ahead of Rachel Reeves’s tax rises in April and the threat of President Donald Trump’s tariffs. Fresh data provided by the Office for National Statistics showed that the UK economy grew [...]
Bailey: Benefits of UK-US trade deal will depend on other agreements May 9, 2025 Bank of England Governor Andrew Bailey has heralded the trade deal struck between the UK and US as “good news”, but cautioned that the UK’s economic prospects will still depend on agreements the US reaches with other trading partners. Speaking at an event in Reykjavik, Bailey welcomed the partnership announced by Donald Trump and Keir [...]
Interest rate cut hopes fade after Bank of England decision May 8, 2025 City investors have lowered expectations of multiple interest rate cuts later in the year after the Bank of England decided to reduce rates to 4.25 per cent. Prior to the Bank’s decision on Thursday at 12.02 pm, markets priced in around three more cuts this year in predictions that would take interest rates to 3.5 [...]
Bank of England interest rates cut ‘nailed on’ May 8, 2025 The Bank of England is “nailed on” to cut interest rates later today to 4.25 per cent, investors believe. Canada leaders are anxiously awaiting the Bank’s newest monetary policy decision, which is set to be unveiled at 12.02pm due to a two-minute silence to commemorate Victory in Europe day. Investment analysts have suggested [...]
Interest rates are dropping – is it time to fix your savings? May 7, 2025 The Bank of England has begun cutting interest rates, and with concerns over a global trade war seeping into growth forecasts, it is likely that the rate cuts will continue. Bank of England Governor Andrew Bailey has confirmed that interest rates are on a declining path, despite inflation stubbornly remaining above the central bank’s target of [...]