Category: Bank of England

Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warnsTrump imposes new tariffs on dozens of partners, sparking fresh market turmoilBusiness live –...

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UK inflation falls to 2.8% in boost for Rachel Reeves before spring statement

Bigger-than-forecast decline in annual rate in February is positive news for chancellor in run-up to Commons addressUK inflation has fallen back to 2.8%, giving Rachel Reeves some positive news before she makes her spring...

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Former Bank of England deputy warns Rachel Reeves against kneejerk cuts

Charlie Bean says OBR forecasts are ‘flaky’ and cautions against trying to hit targets five years awayThe former Bank of England deputy governor Charlie Bean has warned the chancellor against making kneejerk cuts in...

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UK economy shrinks unexpectedly in blow to Rachel Reeves

ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statementBusiness live – latest updatesThe UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves...

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Bank of England drops new diversity and inclusion rules for City firms

In latest retreat amid US backlash, BoE says it wants to avoid more ‘regulatory burdens’ for financial companiesBusiness live – latest updatesThe City’s top two regulators have said they will not bring in...

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UK economy grows by 0.1% in unexpected boost for Rachel Reeves

ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline• Business live – latest updatesBritain’s economy unexpectedly grew in the final three months of last...

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UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hitThe British economy is on course to expand by 1.5% this year after the budget gave a boost to public spending...

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‘Stagflation’ fears as Bank of England cuts growth forecast and warns of price rises

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...

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