Surprise inflation jump complicates interest rate decision
The UK’s economic outlook has been shaken by a surprise rise in inflation, complicating plans for an anticipated interest rate cut in August. Despite a strong start to the year, recent data shows…
Inflation at 3.5% as Bank of England debates pace of rate cuts
UK inflation surged to 3.5% in April, surprising economists and intensifying concerns over the Bank of England’s strategy on interest rates. The rise follows months of falling inflation and comes amid steep household…
UK economy expands at fastest pace in a year
The UK economy grew by 0.7% in the first quarter of 2025 - its fastest quarterly growth in over a year - beating Bank of England predictions. Growth was driven by strong performance…
Inflation rate hits highest level for eight months
The UK inflation rate surged to 2.6% in November, its highest level in eight months, driven by rising fuel and clothing costs, as well as higher ticket prices for events. This marks the…
Surprise fall in inflation paves way for interest rate cuts
In September, UK inflation unexpectedly fell to 1.7%, the lowest rate in 3.5 years, down from 2.2% in August. Lower airfares and petrol prices were the main factors behind this slowdown. The inflation…
Bank of England interest rates ‘set to plunge within months'
The Bank of England is expected to lower its base interest rate to 3.5% in the coming months, a relief for home buyers and businesses as the UK economy shows signs of improvement.…
Bank of England to cut interest rates in August, economists forecast
Market expectations for an August interest rate cut diverge from economists' predictions. A Reuters poll of economists indicates that the Bank of England is expected to cut interest rates next week for the…
Banks raise mortgage rates as interest rate cut delayed
Homeowners face rising mortgage rates as a Bank of England interest rate cut is delayed. Several banks have raised some mortgage rates, responding to uncertain economic forecasts. Inflation remained higher than expected at…
Bank governor: ‘global shocks’ the biggest threat to UK economy
Bank of England governor Andrew Bailey has identified 'global shocks' as a significant threat to the UK economy. During a treasury committee session, he expressed concerns about the situation in the Red Sea,…
Interest rate held at 5.25% for third time by Bank of England
The Bank of England has maintained its interest rate at 5.25% for the third consecutive meeting. This decision reflects the Bank's stance that borrowing costs need to remain high for an extended period…
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