4 d. ago BoE economist: Interest rates may not fall as much as forecast as prices rise

Interest rates may not fall as quickly or as steeply as expected, Bank of England economist Huw Pill has warned on amid signs of resurgent inflation.

Economics

4 d. ago Pace of UK interest rate cuts more uncertain, says BoE chief economist

Comments by Huw Pill come after narrow MPC vote this week

Politics

4 d. ago This country won the battle against its maternal deaths crisis. Trump’s aid cuts could ruin all that

Twenty years ago, a shake-up of Ethiopia’s abortion law led the maternal mortality rate to dramatically fall. Doctors tell Rachel Schraer that progress could be about to go into reverse because of US funding cuts.

Events

5 d. ago Thousands of Brits given £346 off mortgage repayments immediately

A cut in interest rates will mean the 590,000 people with a base-rate tracker mortgage will see borrowing costs fall from tomorrow, August 8. That could equate to £346 annually

Economics

4 w. ago Voices: If interest rates fall, could the 3 per cent mortgage make a comeback?

The governor of the Bank of England has hinted at a cut in rates thanks to the government’s decision to tax jobs. James Moore shares the welcome news that mortgages will get cheaper – but adds a note of caution

Politics

last month Who will be hit by Labour's new wealth tax? Minister refuses to say as BoE warns firms are cutting jobs and hints interest rates will fall to prop up stalling economy

Treasury Chief Secretary Darren Jones dodged on what counted as a 'modest income' after promises that those workers would be protected.

Events

last month Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – business live

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.Donald Trump’s threat to impose a 30% on European Union imports from next month is weighing on European stock markets this morning.Most of Europe’s markets have dropped at the start of trading, pulling the pan-European Stoxx 600 index down by 0.6%.Inadvertently or otherwise the President is testing the market’s patience. At a time when investors had seemingly brushed aside the likelihood of the base line of tariffs settling at 10%, the new pronouncements suggest a level of between 15% and 20% being the norm, with additionally punitive numbers on the likes of Canada at 35% adding to the uncertainty.The so-called “TACO” trade will therefore be tested again, with markets drifting in the US on Friday and futures currently suggesting a similar fall today. In addition, and as the new 1 August extension approaches, nerves are likely to jangle. Continue readi...

Economics

last month Minister wriggles on who will be hit by tax hikes as BoE chief warns firms are cutting jobs and hints interest rates will fall to prop up stalling economy

Treasury Chief Secretary Darren Jones dodged on what counted as a 'modest income' after promises that those workers would be protected.

Events