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Bank of England cuts rates
Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves - Huw Pill warned ‘we’re not in a situation where we can declare job done’ on inflation
Bank of England gives hawkish warning as it cuts rates to 4.5%
In a blow to Chancellor of the Exchequer Rachel Reeves, the BOE warned that inflation will rise “quite sharply” to peak at 3.7% later this year, up from 2.8% in the last forecast.
Bank of England cuts rates and growth outlook, sees inflation 'bump'
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.
11h
on MSN
Stagflation: Chancellor Rachel Reeves faces mess of her own making
The Bank now expects the UK economy to grow 0.7 per cent this year, cut from a previous estimate of 1.5 per cent. Inflation, ...
Opinion
4h
on MSN
Opinion
Should Rachel Reeves pay for her mishandling of the economy?
Despite her audacious tax raids, an absence of ‘growth, growth, growth’ and, now, the prospect of stagflation, the chancellor ...
11h
How does it feel to bankrupt your country? Ask Rachel Reeves
Reeves gave the economy the fright of its life last July, by yelling about the £22billion “black hole” it was about to fall ...
15h
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 ...
23h
Bank of England Governor Andrew Bailey answers YOUR questions from Rachel Reeves’ Budget to Trump’s trade war
THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...
1d
on MSN
Bank of England humiliates Rachel Reeves with brutal downgrade to UK’s growth forecast
While the cutting of interest rates will have come as a relief to Rachel Reeves, the Bank's cut to growth predictions is a ...
LBC
11h
PM holds 'crisis summit' after Bank of England warning over 'Stagflation' - as fears grow over further tax hikes
Keir Starmer is said to be gathering his Cabinet for a crisis meeting as the threat of 'Stagflation' rises. The special ...
1d
on MSN
Gloomy growth forecast adds to Rachel Reeves’ woes
Failed to fetch dynamically imported module: https://uk.finance.yahoo.com/assets/_app/immutable/nodes/19.CVin4ONc.js ...
21h
'New era of stagflation' and 'putrid' figures for Reeves
The Times also says the Bank's alert is a setback for Reeves as it says there was a warning of a new squeeze on living standards. The Bank cut interest rates to 4.5% as it attempts to stimulate the ...
2d
Reeves accused of 'trick' to downplay £200bn blackhole as UK crashes into 'mire of debt'
EXCLUSIVE: Bob Lyddon accused the financial establishment of "a conjuring trick that deceives the public into believing we ...
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