After the Bank of England lowered rates for the first in over four years, the pound and FTSE 100 both fell dramatically. According to central bank forecasts, the economy is
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The housing market is “relatively stable” despite the fact that many people still struggle to buy their first home. According to Nationwide, Britain’s third largest mortgage lender, the average house
Bank of England cuts interest rates first in four years. This is a relief for millions of homeowners, and families who are still struggling with the rising cost of living.
The UK’s largest domestic lender posted a decline in profits for the first half of the year as the interest rate boom that benefited the banking sector faded. Lloyds Banking
A closely-watched survey revealed that the UK private sector’s economy grew faster than expected, and inflation dropped to its lowest level in three and a half years this month. This
The Bank of England is debating whether or not to reduce interest rates in the next month. This slowdown in wage growth in Britain in May was the lowest in
The pound reached a new high against the US dollar, as traders re-wrote their bets about a rate cut by the Bank of England in the next month. The pound
One of Bank of England’s doveish rate-setters called for interest rates to be cut in order to reduce the cost of living, and because inflation is on a “firm downward
The chief economist of Bank of England has warned that key inflation measures remain “uncomfortably” high. This is a blow to the hopes of households for a rate cut. Huw
Investors in Britain are anticipating a possible cut in interest rates, and have poured money into equity funds faster than ever before. Calastone’s latest data on funds flows shows that
Andrew Bailey, the Bank of England’s deputy governor, said that it was important to keep interest rates low in order to maintain a low inflation rate. The monetary committee voted
Bank of England will likely leave interest rates unchanged for the seventh consecutive time at its Thursday meeting, despite the fact that inflation has returned to the UK official target
Even though inflation is down to 2% this year, consumers are still cutting back on their non-essential purchases, including eating out, buying takeaway food and clothes. KPMG’s latest figures show
Rachel Reeves, the shadow chancellor of England, has warned of “the dangers” of changing the way the Bank of England pays commercial lenders interest on their deposits. She has thrown
Goldman Sachs warned that tax increases are “inevitable”, as the legacy of quantitative ease from the Bank of England will be felt after the elections. The American Investment Bank has
The European Central Bank cut interest rates, for the first in nearly five years. However, future cuts will depend on whether or not price pressures continue to ease. The quarter-point
