Category: Interest rates

Boring or bust: Reeves aims to project calm competence in spring budget

After 18 months of policy U-turns and political turmoil we are told not to expect any last-minute policy rabbitsPoliticians tend to hate being boring but Rachel Reeves will be delighted if Tuesday’s spring forecast is...

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Brighter UK economy gives Reeves a springboard for March statement

Record public finances accompany stronger retail sales and business activity but some analysts express cautionThe economic backdrop to Rachel Reeves’s upcoming spring statement appeared to brighten on Friday after a trio...

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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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Pound sinks against euro and dollar as tax rises loom and growth slows

Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%The threat of higher taxes in next month’s budget and concerns about slowing economic growth pushed the...

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UK inflation holds steady at 3.8% as fuel prices offset falling air fares

Annual August rate released as Bank of England considers holding interest rate at 4% to tackle rising pricesBusiness live – updatesUK inflation held steady in August, official figures show, maintaining pressure on...

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Treasury should tax big banks on quantitative easing windfalls, argues thinktank

IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a yearRachel Reeves should levy a new bank tax and urge the Bank of England to halt bond sales to reduce the...

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Reeves and Starmer to roll the pitch for tax rises in a difficult autumn budget

Exclusive: The Guardian has been told that discussions about increases include a near-certain gambling levyThe chancellor and prime minister will begin to pitch-roll tax rises and reforms from September as part of a strategy to...

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Bank of England forecast to cut interest rates amid rising unemployment and Trump tariffs

City predicts quarter-point drop to 4% when MPC meets on ThursdayBank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to...

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UK unemployment rises and wage growth slows as jobs market ‘weakens’

ONS data shows jobless rate climbing to highest rate since June 2021 with growth in average earnings slowing to 5%.Analysis: the UK jobs market is cooling, not collapsingBusiness live – updatesUnemployment climbed and wage...

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