UK borrows more than expected ahead of Autumn Statement as tax cuts mooted November 21, 2023 The government borrowed more than expected in October, providing a “timely reminder” about the state of the UK’s fiscal position ahead of the Autumn Statement. According to figures from the Office for National Statistics, the government borrowed £14.9bn in October, £1.2bn more than had been pencilled in by the Office for Budget Responsibility (OBR). This [...]
Wage growth nudges higher — what does this mean for the Bank’s war on inflation? November 21, 2023 Pay awards have picked up again in the last three months thanks to higher pay packets from the public sector, complicating the path to potential interest rate cuts.
Bailey: ‘Far too early’ to talk about cutting interest rates despite ‘welcome news’ on inflation November 21, 2023 Andrew Bailey, governor of the Bank of England, stressed that it is still "far too early" to consider interest rate cuts despite the recent "welcome news" on inflation.
Reasons to be cheerful? Why the UK could dodge a recession November 21, 2023 After the most recent GDP figures for the third quarter, it is all but certain that the UK will avoid a contraction this year. So are there still reasons to be optimistic about the UK's performance over the coming months?
Bank of England rate cuts should be underway by August, economists predict November 20, 2023 Some 79 per cent of the 19 experts surveyed believe that the central bank will have started cutting or begin to cut interest rates by August next year.
One man, two guvnors: Why markets and MPs both have a say on Hunt’s Autumn Statement November 19, 2023 Whatever fiscal headroom Hunt is granted will be relatively small compared to recent chancellors
Government announces new £2.5bn programme to tackle long-term sickness November 16, 2023 Since the pandemic the number of people inactive in the UK due to long-term sickness or disability has risen by almost half a million to a record high of 2.6m.
Bank of England finds no evidence of greedflation among UK firms November 16, 2023 Firms in the UK and the EU have not been using the cover of inflation to gouge their customers, new research from the Bank of England suggests.
Bank of England’s Greene says she’s ‘not thinking’ about rate cuts despite ‘good news’ on inflation November 16, 2023 A rate-setter at the Bank of England has said that she is "not thinking" about cutting rates despite a sharp fall in inflation yesterday.
Why long-term sickness will be on Hunt’s agenda in the Autumn statement November 16, 2023 Chancellor Jeremy Hunt is expected to announce new measures to boost participation in the workforce in next week's Autumn statement in a bid to address the rise of long-term sickness .