All news on the topic: Bank of England

British households saved less during the July-to-September period of this year as they felt the impact of higher taxes but continued to increase their spending, according to official data that confirmed a slowdown in the broader economy.

The base interest rate was cut from 4% to 3.75% on Thursday, as Economics Editor Joel Hills reports.

Chancellor Rachel Reeves has insisted there is "no recession" on the horizon, despite dire economic warnings from the Bank of England and the IMF.

The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget.

Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.

Liz Truss has asserted that the Bank of England was in control during her tenure as prime minister.

The Bank of England has cut the interest rate to its lowest level in over two years.

Britain’s manufacturers, affected in recent months by trade wars and higher taxes, edged closer to a return to growth in July, and executives were the most optimistic they have been in five months, according to a survey published on Friday.

The Bank of England has maintained the UK’s base rate at 4.5%, aligning with the expectations of many economists.

UK inflation jumped sharply in the year to January, driven by rising food prices, air fares and an increase in private school fees.

Chancellor Rachel Reeves has been criticized by the Tories as "out of her depth" after inflation figures rose to 3%, nearly the highest level in almost 10 months.

ONS data showing British national output rose in the final quarter of 2024 defies forecasts of a 0.1% decline.

Millions of mortgage bills are set to fall after the Bank of England confirmed a cut to interest rates.

The Bank of England has halved its growth forecast for this year in a blow to the government.

Donald Trump’s return to White House and Rachel Reeves’s call for regulators to help drive UK growth taken into account.

Under-fire Rachel Reeves has signalled painful spending cuts are on the way as she vowed to “take action” to balance the books.

Inflation has increased again in the UK.

More than half of British employers plan on cutting jobs and raising their prices in response to Labour’s first budget, a Bank of England survey has found.

The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers.

Inflation increased to 2.3% in October after a jump in energy bills.

Bigger than forecast annual drop to 1.7% in September puts pressure on Bank of England to cut interest rates

British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation pressures in the economy are easing.

The Bank of England should be on the guard against the potential inflationary impact of Labour’s inflation-busting public sector pay deals, according to economists.