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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 …
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 …
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…
Annual rate of food price increases hits 2.8% driven by rising cost of fresh produce but price inflation for all goods is fallingFood inflation in the UK has risen for the fourth month in a row, figures show, driven by increases in the cost of fresh pr…
Amid apparent rising pay, economists are concerned about the consequences of a possible shift in the balance of powerWhen Eastbourne’s refuse collectors secured a huge 11% pay rise, increasing to 19% for the lowest paid, it seemed like worker power was…
Bank torn between calls to cut interest rates to boost growth and need to damp down price risesUK inflation jumps higher than expected to 3.5%Business live – latest updatesFor households across Britain, April was an awful month. Rising energy bills, br…
Annual rise in April follows upturn in national insurance contributions and higher household costsBusiness live – latest updatesInflation in the UK jumped by more than expected last month to 3.5% – its highest rate in more than a year – after dramatic …
Huw Pill says rate cuts could fuel inflation resurgence and urges colleagues to be cautious before making further cutsBusiness live – latest updatesThe pace of UK interest rate cuts has been “too rapid” at a time when pay packet increases remain strong…
Market pricing implies 95% chance of quarter point drop to 3.85%, but there’s also speculation of surprise bumper half percentage point cutGet our breaking news email, free app or daily news podcastThe Reserve Bank is expected to cut the cash rate on T…
Bank of England’s Catherine Mann wary of firms looking to rebuild profit margins after a squeezeBusinesses will need to show they are keeping a lid on prices before there can be further interest rate cuts, according to the Bank of England interest rate…