Category: Bank of England

UK inflation held at 3% before global energy price hit from Iran war

February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflictThe UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global...

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UK interest rate cuts unlikely this year amid Iran war – and a rise could be ahead

Markets predict Bank of England will hold rates in 2026 as bond yields soar on forecasts of prolonged conflictIran war drives oil prices above $100 a barrelBusiness live – latest updatesUK interest rates are not expected...

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Reform UK would restore two-child benefit cap, Jenrick says in policy U-turn

Treasury spokesperson says disability benefits would also be limited under Reform, but Bank of England would stay independentUK politics live – latest updatesReform UK would restore the two-child benefit cap in full,...

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‘We could hit a wall’: why trillions of dollars of risk is no guarantee of AI reward

Progress of artificial general intelligence could stall, which may lead to a financial crash, says Yoshua Bengio, one of the ‘godfathers’ of modern AIWill the race to artificial general intelligence (AGI) lead us to...

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UK economy entering 2026 amid sharp private sector downturn, says CBI

Business lobby survey finds firms ‘put brakes on key spending decisions’ before autumn budgetHeather Stewart: Four reasons to be cheerful about UK plc in 2026Wes Streeting urges closer EU trading ties to grow...

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How many more times will the Bank of England rescue Rachel Reeves? | Richard Partington

The City expects a cut in interest rates on Thursday but the economic prospects for 2026 complicate the pictureIn the economic gloom of Labour’s first year in power, Rachel Reeves has had a reliable shred of comfort to...

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Bank of England opens door to December rate cut as it signals inflation has peaked

Policymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growthAnalysis: Bank of England’s decision to keep interest rates at 4% is not all doom and gloomThe Bank of England has...

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