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Service sector and manufacturing output falls, with cost of living crisis also hitting businessesBusiness live – latest updatesBritain’s economy is at growing risk of recession, with industry figures showing the sharpest monthly fall in private sector …
Decision not to increase rates from 5.25% will be relief for many but some mortgage holders are already paying moreThe Bank of England kept interest rates on hold on Thursday – to the relief of many homeowners and would-be buyers.So what does this mean…
Decision to hold rate at 5.25% will be good news for mortgage holders and firms but reflects dramatic weakening of economic activity• Business live – latest updates• Bank keeps interest rates on hold at 5.25%The economy is slowing by more than the Bank…
Relief for mortgage holders after 14 consecutive rises as UK economy comes under growing pressureBusiness live – latest updatesJudging by state of economy, Bank is done with rate hikesMortgage holders have been offered relief after the Bank of England …
After 14 consecutive interest rate increases, the central bank’s long fight against persistent inflation in Britain is entering a new phase.
Markets revise forecasts, raising chance interest rates may be kept on hold for first time in two yearsThe Bank of England is facing a knife-edge decision on interest rates after an unexpected fall in UK inflation last month, as financial markets bet t…
Business groups and economists fear further increases risk rise in corporate bankruptcies and unemploymentUK inflation in surprise fall to 6.7% despite rise in fuel pricesWhich UK goods and services have changed most in price?The UK’s headline inflatio…
Financial markets give more than 50% chance of cost of borrowing remaining unchanged for first time in almost two yearsAnalysis: Bank likely to ignore calls for rate rise restraintWhich UK goods and services have changed most in price?Business live – l…
Intergovernmental economic organisation warns core inflation across the world remains ‘persistent’ and may require policy action from Reserve BankGet our morning and afternoon news emails, free app or daily news podcastThe OECD has warned of “persisten…
Firms preparing for difficult year as ‘potent cocktail’ of difficulties takes hold, says industry lobby groupUK manufacturers are cutting their recruitment plans after being hit by a slowdown in orders as a downturn looms, a new survey shows.Britain’s …