Category: Bank of England

City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at riskCity regulators will begin cracking down in the new year on tech firms providing “critical”...

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UK inflation hits eight-month high, adding to pressure to hold interest rates

Annual rate increases to 2.6% in November, driven by rising cost of groceries and hike in tobacco duty in budgetBusiness live – latest updatesUK inflation has risen to its highest level in eight months, adding to pressure...

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Reeves tells City regulator to encourage more risk-taking in financial sector

New remit given to FCA by chancellor raises fears of a weakening of rules meant to avert another financial crisisThe financial regulator has been ordered to encourage more risk-taking across the City, raising concerns that the...

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UK economy grew by 0.1% in third quarter of 2024, says ONS

First quarter under Labour government shows services and manufacturing slowed in run-up to budgetBusiness live – latest updatesThe UK economy grew by 0.1% in the third quarter of the year, down from 0.5% in the second...

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UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likelyBusiness live – latest updatesUK government borrowing costs have risen to their highest level...

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UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leewayAnalysis: Sharp inflation drop gives green light to more aggressive rate cutsBusiness live – latest updatesInflation in...

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No 10 rejects claims PM received Taylor Swift tickets as ‘thank you’ for security measures – as it happened

Downing St says decisions over protection for the singer were up to Scotland Yard and not the governmentKeir Starmer has has welcomed private investment of £550m to make it easier for people to find a home, PA Media...

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