Category: Interest rates

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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Shadow chancellor warns Reeves over EU ties after Bank chief says Brexit harming economy – UK politics live

Mel Stride said there must be no suggestion of the UK going back into the EU single market or customs unionIn news that will disappoint those of you who enjoy a Liberal Democrat stunt, PA has just reported that Ed Davey will...

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Reeves ‘not satisfied’ with growth as Tories accuse Labour of talking down economy – UK politics live

UK economy at near-standstill as uncertainty over the budget and high interest rates weighed on consumer spendingThe government did not put anybody up in the media round this morning in order to defend the weak GDP figures, but...

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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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Will bond vigilantes punish Rachel Reeves with a Truss-style market meltdown?

10-year gilt yields have risen in the past month but are within the range of other pre-budget periodsUK government borrowing costs have risen ahead of Rachel Reeves’s budget on Wednesday.Some City investors say the...

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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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