Could April’s minimum wage hike dent hopes of a June rate cut? March 29, 2024 The minimum wage will rise from £10.42 to £11.40 per hour, an increase of 9.4 per cent, in April. Will it push inflation higher?
As savers chase better returns from online-only accounts, bank branches wither March 27, 2024 Banks and savers alike are increasingly pulling back from branches, according to new research, as digital services offer lower operational costs for firms and better deals for customers.
Why the Bank of England will keep interest rates on hold despite lower inflation March 13, 2024 The latest clutch of data is unlikely to change the Bank of England's thinking ahead of its decision on interest rates next week.
Monthly insolvencies tick up again as firms feel the brunt of the Bank of England’s interest rate hikes February 16, 2024 According to figures from the Insolvency Service, there were 1,769 company insolvencies in January, five per cent higher than in the same period last year driven by an increase in forced closures.
Wage pressures ease again but beat Bank of England’s expectations February 13, 2024 Rate-setters at the Bank of England have argued that pay pressures need to ease before interest rates can start being cut.
Bank of England risks being ‘too slow’ in cutting interest rates, Haldane warns February 12, 2024 The Bank of England's former chief economist said today that he would have already voted to cut interest rates given the UK's slow growth rate and progress on taming inflation.