Category: Bank of England

Reeves seizes on surprise UK growth as evidence Labour leadership must stay

Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran warBusiness live – latest updatesAnalysis: Reeves says ‘if economy ain’t broke,...

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UK economy records surprise 0.3% growth in first month of the Iran war

GDP reading ties in with some surveys suggesting UK plc has kept up momentum despite rising fuel costsThe UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the...

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‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again

As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousA rise in borrowing costs and warnings to avoid a “Liz Truss...

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Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on...

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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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