Economic Outlook Quarterly: Fragmented trade, untapped potential at home
The EU’s trade-dependent economy faces uncertainty from global trade policy shifts, prompting calls to strengthen domestic demand.
Inflation
Bank’s rate decision leaves frustrated Reeves praying for an August cut
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…
Bank of England keeps interest rates at 4.25% but hints at cuts to come
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…
Federal Reserve holds interest rates, defying Trump’s demand to lower them
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…
Women more worried about economy under Trump than men, poll finds
Exclusive: poll shows 62% of women and 47% of men across political spectrum say economy and inflation getting worseWomen across the political spectrum are more concerned about the state of the US economy and inflation under Donald Trump than men are, a…
UK inflation eases slightly to 3.4% as food price rises offset transport cost falls
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…
UK inflation falls to 3.4%, complicating Bank of England’s interest rate task
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 …
Inflation data shouldn’t deter us from rate cuts, says Bank policymaker
Alan Taylor voted for a 0.5-point cut last month and feels recent economic figures are led by one-off factorsBusiness live – latest updatesA member of the Bank of England’s interest rate-setting committee has warned that higher-than-expected inflation …
Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact
Andrew Bailey says Brexit was not ‘wrong’ but welcomes the UK’s efforts to reset relations with the blocAndrew Bailey has urged the UK government to deepen ties with the EU, as he warned a breakdown in global trade would make it harder for the Bank of …
UK grocery inflation jumps to highest level in 15 months
Increase of 4.1% in past month driven by rising cost of chocolate, butter and sun cream, says KantarBusiness live – latest updatesGrocery price inflation in the UK jumped to 4.1% in the past month – the highest level since February 2024 – driven by the…