24 h. ago Bank of England holds interest rates at 4.5% amid 'Stagflation' fears: Cuts paused as wages surge despite economic slowdown driven by Labour's tax raid and Trump's trade war

The Monetary Policy Committee announced the base rate is being kept on hold at 4.5 per cent after its latest meeting.

Economics

24 h. ago UK politics live: Bank of England holds interest rates after Trump tariffs spark global uncertainty

It comes amid an ongoing battle with inflation and uncertainty partly caused by the threat of tariffs by Donald Trump

Politics

24 h. ago Bank of England holds interest rates amid concerns over inflation and Trump tariffs

Interest rate remains set at 4.5 per cent but there are still expectations of cuts this year

Economics

24 h. ago Bank of England leaves interest rates on hold despite ‘intensifying’ trade war uncertainty – business live

Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%In the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make ...

Economics

25 h. ago Bank of England expected to leave interest rates on hold today; global debt exceeds $100tn – business live

Monetary Policy Committee set to announce interest rate decision at noonIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make work pay...

Economics

33 h. ago Bank of England set to keep interest rates on hold as global uncertainty grows

The Bank of England’s Monetary Policy Committee (MPC) is widely expected to keep interest rates on hold on Thursday.

Politics

67 h. ago FTSE 100 gains as US markets slump ahead of interest rate decisions

The Bank of England and the Federal Reserve are expected to hold interest rates at their respective decisions later this week.

Economics

8 d. ago US junk bonds slide as Trump’s tariffs spark economic worries

Premium investors’ demand to hold riskier debt jumps to highest level in six months

Economics

1 week ago Unions on alert as Labour prepares to unveil ‘Trumpian’ plan for civil service

Performance-related pay, exit process for poor performers and more digitalisation among proposed measures intended to revolutionise WhitehallHighly controversial plans to revolutionise Whitehall by introducing performance-related pay, an accelerated exit process for under-performing mandarins and more digitalisation will be announced this week in what ministers say is a programme to “reshape the state” so it can respond to a new “era of insecurity”.The proposed changes, to be announced by Cabinet Office minister Pat McFadden, will inevitably provoke alarm and resistance from civil service unions, and be seen as the government using the current wave of global uncertainty as cover to drive through radical modernisation of civil service methods and culture. Continue reading...

Politics

2 w. ago Number of takeover deals involving UK companies slumps amid global uncertainty

The number of takeover deals involving UK companies plunged at the end of last year as companies battled with uncertainty over US trade policy and higher taxes

Economics

2 w. ago FTSE 100 tumbles as Trump tariffs spark falls across global markets

The blue-chip index suffered its biggest falls since October 8 last year as markets across the world sank on the latest tariff news.

Politics