New UK growth figures to ‘mark the start of a mild recession’ November 6, 2023 New figures out on Friday are expected to show that the economy contracted in the third quarter, raising the possibility that the UK is already in a recession.
Why did the Bank of England opt for a ‘hawkish’ hold despite bleak growth outlook? November 2, 2023 Although markets were certain that the rate would be held at 5.25 per cent, the Bank's hawkish tone caught them by surprise.
Fight against inflation enters new phase after Bank of England holds interest rates again November 2, 2023 The battle against inflation has clearly entered a new phase.
Bank of England leaves interest rates on hold with gloomy prospects for UK growth November 2, 2023 Higher for longer interest rates will bring growth to a near standstill until the end of 2025, new forecasts from the Bank of England show, as it left interest rates on hold for the second time in a row. The decision to hold, which was backed by six members of the nine-strong Monetary Policy Committee [...]
Five charts the Bank of England will study ahead of Thursday’s interest rate decision November 1, 2023 Although inflation is slowly coming down, warning lights are flashing across much of the UK economy.
Which region has suffered the most from UK’s £2.2 trillion fall in wealth? October 30, 2023 The rise in interest rates has pushed total household wealth down across the UK, but the impact has been distributed unevenly around the country.
Why the outlook is bleak for UK firms despite first drop in profit warnings since mid-2021 October 30, 2023 Profit warnings among UK companies fell for the first time since 2021 in the third quarter, but access to credit is fast becoming a major concern for firms.
Bank of England set to leave rates on hold as economy teeters on edge of recession October 30, 2023 The Bank of England will leave interest rates on hold for the second meeting in a row as policymakers attempt to bring inflation down to target without tipping the economy into a recession.
UK economy continues to ‘skirt with recession’ due to Bank of England’s interest rate hikes October 24, 2023 The UK economy is teetering on the edge of a recession under the weight of higher borrowing costs, a closely watched survey suggests.
Inflation target: Why economists think it’s time for a change October 24, 2023 With inflation now on the way down, attention is beginning to turn to what the 'new normal' will be - if we ever make it there.
