Category: Inflation

Reeves warned UK inflation will push public sector unions to seek higher pay rises

Plan for ‘reasonable’ 2.8% rises may prove insufficient, forcing chancellor to find billions in extra funding Reeves has three ways to dodge an economic crisis – all are unthinkableRachel Reeves has been warned...

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UK firms mull biggest layoffs in a decade as business confidence slumps

Impending tax rises from autumn budget fuel collapse in sentiment and rising redundancy intentions, surveys showUK employers are preparing for the biggest redundancy round in a decade amid collapsing business confidence as firms...

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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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Bank of England cuts interest rates to 4.5% but halves UK growth forecast

MPC votes for new quarter-point cut but downgrades economic outlook and predicts inflation will rise to 3.7% by autumnThe Bank of England has cut interest rates to 4.5%, but warned UK households face renewed pressure from rising...

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Bank of England cuts interest rates to 4.5% and halves UK growth forecast

Latest quarter-point reduction comes with warning households face inflation of 3.7% by autumnUnambiguously bleak forecasts pave way for spending cutsWhat does the rate cut mean for mortgages and savings?Business live –...

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Bank of England poised to cut interest rates amid UK economic gloom

Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%Bank of England policymakers are poised to cut interest rates and downgrade forecasts for economic growth,...

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Government under pressure on economy as British households anticipate worsening finances

CBI says businesses plan to cut jobs and raise prices while debt charity says millions are ‘facing worries’The government is under growing pressure to get momentum back into the economy amid warnings that businesses...

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