Bank of England predicted to not cut interest rate until 2026 September 12, 2025 Interest rate cuts are unlikely to take place this year, according to some of the most dovish forecasters, with City analysts split on where they will settle given the UK’s battle against high inflation and low growth. The Bank of England is set to hold its next monetary policy committee (MPC) meeting next week, a [...]
UK economy sees zero growth amid Labour’s summer troubles September 12, 2025 The UK economy failed to grow in July, according to official data, with the Labour government struggling to drive growth despite its core commitment to do so. The Labour government has doubled down on its “growth mission” by making a string of new economics-focused appointments across ministerial and advisory roles, and establishing a business-friendly board [...]
US inflation jumps to 2.9 per cent, setting up key rate decision September 11, 2025 US inflation edged up to 2.9 per cent in August, leaving the Federal Reserve with a difficult decision to make on interest rates next week and all but vanquishing any chance of a ‘super-sized’ 50 basis-point cut. The Bureau of Labor Statistics said on Thursday that the annual consumer price index (CPI) figure for inflation [...]
Mervyn King: UK debt is ‘not in a comfortable position’ September 10, 2025 The UK’s national debt load is “not in a comfortable position” and the government faces a “real challenge” in managing fiscal policy, the former Governor of the Bank of England has said. Speaking to Lords at a committee hearing on Wednesday, Mervyn King said the UK was in a “much stronger position” before the financial [...]
Labour deputy leader hopeful slams Rachel Reeves’ ‘excessive deference’ to OBR September 8, 2025 The prominent backbencher and former transport secretary Louise Haigh, who is a frontrunner to become the deputy leader of the Labour Party, has taken aim at Chancellor Rachel Reeves’ “excessive deference” to the Office for Budget Responsibility (OBR) and adhering to “arbitrary fiscal targets”. Senior officials in the Labour Party are set to agree on [...]
Nigel Farage: City regulator ‘is a disaster’ September 5, 2025 Nigel Farage has branded the Financial Conduct Authority a “disaster” as he promised his party would overhaul the City’s regulatory landscape. The Reform UK leader – who is hosting the party’s annual conference this weekend – is a strong contender to take the keys to 10 Downing Street in the next general election. Allies of [...]
Bank of England ‘under pressure’ to slow bond sales amid market tumult September 5, 2025 The Bank of England should slow its quantitative tightening programme and stop active sales of long-dated bonds entirely in the wake of this week’s bond rout that saw the cost of long-term borrowing soar to its highest level this century, a group of top economists has said. Markets were rocked by a global sell-off in [...]
UK businesses slash jobs after tax raid September 4, 2025 UK employers slashed jobs at the fastest pace in four years as companies suffer the costs of tax decisions from Rachel Reeve’s Autumn Budget last year. Companies cut employment by an annual rate of 0.5 per cent in the three months to August. This is the worst figure since 2021, according to a Bank of [...]
Bank of England: Interest rate cuts are near the end September 4, 2025 The Bank of England is less likely to make drastic cuts to interest rates in the coming year as officials said the current cycle could “not go on forever”. In a hearing before the Treasury Select Committee, members of the Monetary Policy Committee (MPC) indicated markets may be correct to predict there would be no [...]
Andrew Bailey slams Trump’s ‘dangerous’ threats against US Federal Reserve September 3, 2025 Bank of England Governor Andrew Bailey has said he is “very concerned” about President Trump’s threats against the US Federal Reserve. In a hearing before the Treasury Select Committee, Bailey said the threat to the Fed’s independence was a “very serious situation”. The Governor said he was worried about attempts to “trade off” monetary and [...]