Andrew Bailey lays bare the damage of Reeves’s broken promises
Rachel Reeves promised businesses time and time again before the election that she was on their side. As part of her Mais ...
How flawed data is leaving the UK in the dark
Trouble at the Office for National Statistics means policymakers cannot rely on key economic numbers, including on employment ...
US should support World Bank and IMF - Bank of England boss
The Governor of the Bank of England has urged continued US support for two major global economic institutions. Andrew Bailey ...
Back to the 70s nightmare: Labour's Britain faces a new era of rising inflation, flatlining growth and stagflation, the Bank of England warns
A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, ...
Bank of England Governor Andrew Bailey answers YOUR questions from Rachel Reeves’ Budget to Trump’s trade war
THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
BoE’s grim outlook highlights scale of the challenge for Rachel Reeves
The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...
Interest rates: Why have they been cut and what does it mean?
The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.
Bank of England's Bailey says UK can't avoid U.S. tariff impact — even if it's not in the direct firing line
If tariffs are announced, their effect on the global economy and inflation would need to be looked at, he told CNBC’s Steve ...
Why the Bank of England slashed its growth forecasts
Alongside cutting interest rates by 25 basis points, the Bank of England halved the UK's expected growth rate in 2025.
Gloomy growth forecast adds to Rachel Reeves’ woes
A gloomy growth forecast from the Bank of England has piled the pressure on Rachel Reeves ahead of a verdict from the Budget watchdog in March. The Bank of England cut interest rates but halved its ...
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BoE's Cautious Rate Cut Amid Inflation Concerns and Economic Uncertainty
The Bank of England cut interest rates by a quarter-point, sparking surprise and disagreement among policymakers. While ...