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Lower interest rates will be a lever for growth but the Middle East conflict and rising food prices will have troubled MPCBank of England keeps interest rates on holdBank of England warns of ‘elevated’ global uncertainty after leaving interest rates on…
Governor says rates still on downward path but hard to predict timing of reductions in ‘highly unpredictable’ worldBusiness live – latest updatesThe Bank of England has left interest rates on hold at 4.25%, though the central bank signalled that furthe…
Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan• Business live – latest updatesAn escalation in the Middle East conflict could have a “huge impact on global trade”, the boss of the…
Royal College of Physicians also says poor air quality costs country more than £500m a weekAir pollution in the UK is costing more than £500m a week in ill health, NHS care and productivity losses, with 99% of the population breathing in “toxic air”, d…
Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate holdThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts this year, as Donald Trump continues to break with…
Annual drop in May but policymakers still almost certain to hold rates at 4.25% on ThursdayBusiness live – latest updatesInflation in the UK fell to 3.4% last month as shop prices declined, complicating the Bank of England’s interest rates decision on …
Annual rate slows in May from 3.5% in April despite record increase in chocolate pricesBusiness live – latest updatesInflation in the UK eased slightly to 3.4% last month as a steep fall in air fares and petrol prices was offset by a jump in the cost o…
Chancellor is keen to mollify wealthy global investors and attract foreign investment into the UKBusiness live – latest updatesRachel Reeves is considering caving in to City lobbying and softening changes to inheritance tax that affect wealthy individu…
Starmer should secure deal as soon as possible to exempt UK steel from US levies, says Community unionBusiness live – latest updatesSteel trade unions have said it is “absolutely vital” that the UK rapidly secures a deal to protect the sector from Dona…
Rolling coverage of the latest economic and financial newsMiddle East crisis live: Iran and Israel trade attacks amid reports Tehran could be seeking talksIran and Israel crisis: what does it mean for the price of oil?Over at the Paris Air Show, a row …