UK off to strong start in 2024 despite recession while Germany and France stagnate February 24, 2024 Despite falling into a shallow recession in the second half of last year, business activity in the UK seems to have bounced back at the beginning of 2024.
Inflation on a ‘firm downward path’ and Bank of England risks a ‘hard landing’, MPC member says February 21, 2024 Policymakers at the Bank are increasingly facing the criticism that they risk being too slow to cut interest rates now that inflation is on its way back down to the two per cent target.
Bank of England MPC members: ‘Weak recession’ won’t change timing of interest rate cuts February 20, 2024 Andrew Bailey, governor of the Bank, came under fire from MPs for having failed to cut interest rates even as inflation approaches target and the UK struggles with very weak growth.
Transitory? UK inflation can’t be explained away by Bank of England’s easy answers February 20, 2024 Last week new figures on the UK economy suggested that something unusual is happening - inflation and unemployment are falling at the same time.
Leaving interest rates on hold risks deepening recession, Haldane warns February 19, 2024 Leaving interest rates on hold for too long risks deepening the UK's recession, the Bank of England's former chief economist has said.
Recession or rebound: Where is the UK economy after blockbuster week of data? February 16, 2024 The UK is in recession, but there are also signs of a rebound. Inflation lower was than expected but wage pressures remain strong. What does it all mean?
Brexit left Britain more exposed to higher inflation, warns member of Bank’s MPC February 15, 2024 Greene's comments come after a busy week of data for the UK economy.
Recession confirmed for UK after GDP dropped 0.3 per cent in final quarter February 15, 2024 The UK has struggled to generate any momentum over the course of 2023 due to the dual impact of rising inflation and high interest rates.
January’s inflation data ‘encouraging’ and strong pay figures not unduly concerning, Bailey says February 14, 2024 Speaking in the House of Lords' Economic Affairs Committee, Bailey admitted that the figures, published this morning, were "good news".
Why inflation staying stuck at four per cent is actually good news February 14, 2024 The fact that the headline rate of inflation remained steady in January despite these increases points to stronger than anticipated disinflationary pressures elsewhere.
