UK economy expected to grow by just 0.75% this year, in fresh blow to Rachel Reeves’s attempts to raise confidenceRachel Reeves’s plans for growth suffered a double blow after the Bank of England halved its forecast...
Read MoreAndrew Bailey callls for relations with EU to be rebuilt as Trump plans US tariffsThe Bank of England governor has urged ministers to “rebuild relations” with the EU, warning that Brexit has undermined the UK’s...
Read MoreExclusive: in an interview with the Guardian Andrew Bailey says he fears conflict will affect oil pricesThe Bank of England is monitoring the Middle East crisis amid fears that a worsening conflict between Iran and Israel will...
Read MoreBank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this yearBritain is showing signs of recovery from its mild recession and will receive a boost when interest...
Read MoreRolling coverage of the latest economic and financial news, including the Bank of England’s interest rate decision at noonBank of England poised to raise UK interest rates to 5.25%TUC urges Bank of England to halt...
Read MoreBank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to interveneRishi Sunak’s pledge to ease the cost of living crisis is in tatters after the Bank of England was forced to raise...
Read MoreGovernor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errorsFrom CPI to stagflation: how the UK tracks price rises and what key inflation terms meanThe Bank of England...
Read MoreGovernor tells MPs market turmoil has ‘tested’ banking sector for signs of weaknesses but denies fresh crisis is loomingThe Bank of England’s governor has said it is on high alert and will remain...
Read MoreTim Martin says Bank of England is right to ask firms to be mindful but advice should not be taken too literallyBank boss urges firms to hold back price rises or risk higher ratesThe boss of JD Wetherspoon has warned it could be...
Read MoreRishi Sunak and Jeremy Hunt explore options to help tech and life sciences sectorsWhy Silicon Valley Bank was so important to UK tech sectorThe UK government is scrambling to secure an emergency support package to protect...
Read MoreJeremy Hunt had meetings with Rishi Sunak and Bank of England governor over ‘high-priority’ issueThe UK government is drawing up plans for an emergency cash lifeline for tech firms hit by Silicon Valley Bank...
Read MoreRolling coverage of the latest economic and financial newsWeaker economy, higher inflation: Bank of England’s dilemmaThe money markets suggest there’s an 87% chance that the Bank of England votes to raise interest...
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