From Rachel Reeves’ Budget to Trump’s trade war- Bank of England Governor Andrew Bailey answers YOUR questions
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.
Second watchdog chief ousted amid Reeves’s clampdown on anti-growth regulation
Abby Thomas has stepped down as head of the Financial Ombudsman Service The head of a leading consumer watchdog has been ...
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, ...
Too many people ‘taking the mickey’ with benefits, work and pensions secretary says
Work and Pensions Secretary Liz Kendall told ITV News' Anushka Asthana the number of people saying they can't work when they ...
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Leadership Shake-Up at Britain's Financial Ombudsman Service
Abby Thomas, the chief executive and chief ombudsman of Britain's Financial Ombudsman Service, is stepping down after more than two years. The announcement comes amid increased pressure from finance ...
Pound plunges after interest rate cuts - more pain to come for Rachel Reeves
The value of the pound dropped sharply after the Bank of England announced a cut to interest rates in a new blow for ...
Julian Harris: With Friends Like These, Does Labour Need Enemies
Obviously we are very supportive of measures that raise growth in the long term,” said Bank of England rate-setter Clare ...
Financial Ombudsman Service chief quits months after Reeves’ call for reform
Abby Thomas has stepped down following criticism over the ombudsman service’s role in the motor finance commission scandal.
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Oxford and Cambridge are too small
Oxford and Cambridge have some big strengths. The two university cities outstrip most other innovation clusters on scientific ...
Bank of England restarts monetary easing, cutting key rate to 4.5%
The Bank of England made its first interest rate cut of 2025 on Thursday amid ongoing concerns over sluggish growth in the ...
Bank of England expected to cut rate as UK economic growth slows
The Bank of England is set to cut interest rates and downgrade growth forecasts, posing risks for Rachel Reeves’s budget plans as the UK economy slows.