Category: Bank of England

UK has moved out of recession, official figures show

GDP rose by 0.6% in first quarter of 2024 but forecasters expect economy to grow slowly this yearBusiness live – latest updatesThe UK is officially out of recession after figures showed the economy grew by 0.6% in the...

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Bank of England says it could lower interest rates faster than expected, but June cut isn’t ‘fait accompli’ – business live

Bank of England governor Andrew Bailey is briefing reporters after BoE left UK interest rates on hold again in a dramatic 7-2 splitThe pound is slightly lower this morning, dipping by a quarter of a cent to $1.2472 against the...

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Bank of England governor shrugs off smaller-than-expected fall in inflation

Andrew Bailey says inflation is in line with BoE forecasts but markets view data as pushing back interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe Bank of England governor, Andrew Bailey, has...

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UK inflation falls by less than forecast to 3.2%, cooling rate cut hopes

Predictions for when Bank of England will start lowering cost of borrowing pushed back Business live – latest updatesThe UK’s annual inflation rate fell by less than expected in March to 3.2%, complicating the timing...

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Thames Water parent ‘owes two Chinese state-owned banks’ as debt downgraded – as it happened

Live, rolling coverage of business, economics and financial markets as Fitch downgrades debt of parent of water company, saying default is likelyTim Moore, economics director at S&P Global Market Intelligence, which compiles...

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Thames Water parent ‘owes two Chinese state-owned banks’ as debt downgraded – business live

Live, rolling coverage of business, economics and financial markets as Fitch downgrades debt of parent of water company, saying default is likelyTim Moore, economics director at S&P Global Market Intelligence, which compiles...

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‘Hammer blow’ of £145 Brexit food import charges; UK on ‘path out of recession’ – business live

Live, rolling coverage of business, economics and financial markets as UK government imposes charges of £29 per type of item for imports of cheeses, meats and yoghurtTim Moore, economics director at S&P Global Market...

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‘Hammer blow’ of £145 Brexit food import charges; oil prices near $90 – business live

Live, rolling coverage of business, economics and financial markets as UK government imposes charges of £29 per type of item for imports of cheeses, meats and yoghurtGood morning, and welcome to our live coverage of...

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Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – business live

Live, rolling coverage of business, economics and financial markets as minister says water company’s leadership has been a ‘disgrace’The UK government has said it is prepared for “a range of...

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