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.
Gloomy growth forecast adds to Rachel Reeves’ woes
Bank of England Governor Andrew Bailey was supportive of Reeves’ plans but said they would “take time” to have an effect. “Growth rate in the UK has been low since the fin ...
Week in Business: Growth hammer blow means Reeves must change course
Low growth and high inflation means the economy can't afford the government's policies and Reeves must reconsider her looming ...
Farmers Weekly22h
Sludge protest could trigger Treasury talks, says NFUS president
Farmers stopping sewage sludge deliveries from water companies could pressure Treasury ministers to address inheritance tax reforms, NFU Scotland ...
Should the personal tax allowance be raised to £20,000? Have your say!
A petition calling for the UK Government to up the personal tax allowance from £12,570 to £20,000 has gained more than 19,000 ...
Britain is facing an economic crisis – Bailey must cut rates faster
Jobs are being slashed, investment has been cancelled and retail sales are stagnant, while consumer and business confidence have been shattered. Talk to anyone in industry, and it is clear the UK is ...
'New era of stagflation' and 'putrid' figures for Reeves
The Times also says the Bank's alert is a setback for Reeves as it says there was a warning of a new squeeze on living standards. The Bank cut interest rates to 4.5% as it attempts to stimulate the ...
Money blog: Pound falls as Bank of England deals major growth blow to chancellor
Almost two in five people have failed to scan at least one item when using self-checkouts, a survey has revealed. Also in Money today: Donald Trump's tariffs have wiped £200bn from the crypto markets ...