Wage growth ‘past its peak’ in boost for Bank of England’s attempts to contain inflation October 17, 2023 The rate of pay rises slowed from record levels in a boost for the Bank of England, but remained at elevated levels, official figures show. According to figures from the Office for National Statistics (ONS), average wage growth excluding bonuses was 7.8 per cent between June and August, down slightly from last month and in [...]
UK to avoid recession despite Bank of England interest rate rises, EY predicts October 16, 2023 The UK will avoid a recession despite the impact of the Bank of England's interest rate hikes, new forecasts from the EY Item Club say.
Inflation to continue falling despite rising energy prices, experts predict October 15, 2023 Falling food prices are expected to help bring down the annual rate of inflation in September.
Insolvencies will keep rising for ‘foreseeable future’ under burden of Bank’s high interest rates October 13, 2023 Insolvencies climbed 17 per cent on last year in September as companies struggled under the burden of the Bank of England's interest rate hikes.
Bank of England will cut interest rates ‘much more quickly’ than Fed, think tank predicts October 5, 2023 Rising unemployment will force the Bank of England to cut interest rates "much more quickly" than the Federal Reserve, the Resolution Foundation predicted.
Jeremy Hunt: Tax cuts ‘virtually impossible’ until economy improves September 22, 2023 Chancellor Jeremy Hunt has shot down suggestions of tax cuts after a string of economic updates this week, saying they’re “virtually impossible” until there’s more improvement. Speaking on LBC this morning, the chancellor responded to suggestions that falling inflation and rates being held yesterday, may give headroom to ease the burden on cash-strapped Brits this [...]
Bank of England: Have interest rates hit their peak? September 21, 2023 Economists think rates are at their peak after the Bank of England decided to leave rates unchanged for the first time in nearly two years.
Bank of England leaves interest rates on hold after August inflation surprise September 21, 2023 The Bank of England hiked interest rates by 25 basis points.
Stubborn inflation poses risks to financial stability, central bank watchdog warns September 18, 2023 Markets should not fall into the trap of thinking that inflation is decisively on its way down, the Bank of International Settlements has warned.
Interest rates: Three things the Bank will consider for the next rate decision September 18, 2023 The Bank of England's rate-setters will meet next week and they will have no shortage of topics to discuss.