Headache for Bank of England as wage growth accelerates
Wage growth picked up towards the end of last year, new figures show, revealing the continued persistence of price pressures in the UK economy. According to figures released by the Office for National Statistics (ONS),
Traders bet on more Bank of England rate cuts in 2025 after data shocks
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.
Bank of England should cut rates pre-emptively, says committee member
Bank of England should cut rates pre-emptively, says committee member - Alan Taylor, the most recently appointed member of the Bank’s monetary policy committee (MPC) said the UK is ‘in the last half mile on inflation’.
February Bank of England rate cut a 'sure bet' as growth stumbles and inflation falls
The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth.
Bank of England interest rate cuts and how you may be affected amid inflation change
Latest figures show that UK inflation dropped last month, potentially affecting the Bank of England's interest rate decision next month. The Consumer Prices Index (CPI) rate fell from 2.6 per cent in November to 2.
UK inflation falls as millions set to be hit with hefty bill hikes plus what it means for your money
THE UK’s rate of inflation has slowed in a boost for the government – we reveal what it means for your money. The Office for National Statistics (ONS) said the Price Index
UK Unemployment Edges Higher
Britain's unemployment rate rose slightly at the end of last year, official data showed Tuesday, adding to unease over the stalling UK economy.
Bank of England urged to cut interest rates 'pre-emptively' as February decision 'certain'
Alan Taylor, a member of the Bank's monetary policy committee, said the UK is 'in the last half mile on inflation'
Why has inflation fallen and why is this good news for the Government?
The latest data has raised expectations that the Bank of England could cut UK interest rates again next month.
Slowing Inflation Strengthens Calls For Bank Of England Rate Cuts
The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by
UK inflation falls slightly to 2.5% after two months of rises
Inflation fell unexpectedly to 2.5% in December, the Office for National Statistics said, after economists expected the rate to stay the same. It marks a very slight decrease from the 2.6% Consumer Prices Index inflation rate in November, and means that prices are still rising, but at a slower rate than before.
Bank of England should cut interest rates pre-emptively, says commitee member
Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut