Shop prices in deflation for first time in almost three years August 27, 2024 The overall index was pulled down by non-food prices, which fell further into deflation in August.
Bank of England warned to be wary of public sector pay deals August 23, 2024 "The big risk is that by setting a benchmark for private sector firms, these pay deals prevent wage growth and services inflation from falling much further," Ashley Webb, UK economist at Capital Economics said.
Growth set to continue as confidence in the economy builds August 22, 2024 A closely watched survey suggests that the UK will continue growing at a robust pace in the second half of the year as confidence in the economy continues to build. S&P’s ‘flash’ purchasing managers’s index (PMI) accelerated to 53.4 in August, up from 52.8 last month and ahead of the 52.9 expected by economists. PMIs, [...]
UK economic data dump set to bolster case against September rate cut August 12, 2024 A slew of official UK economic data this week is poised to bolster the case for policymakers at the Bank of England not to cut interest rates next month, with inflation forecast to rise for the first time this year.
UK business output jumps to highest level in two years as further rate cuts expected August 12, 2024 UK business output has jumped to its highest level in two years, according to a closely-watched survey, as the expectation of more interest rate cuts provide optimism for the coming months.
Will the Bank of England cut interest rates again? Experts are divided August 8, 2024 Following the decision, Governor Andrew Bailey stressed that the Bank must be careful "not to cut interest rates too quickly or by too much", but investors have drawn their own conclusions.
Bank of England right to be cautious after cutting interest rates August 1, 2024 Different members of the Monetary Policy Committee (MPC) clearly have different views on where the economy is now.
Bank of England: UK growth forecasts get upgraded – but momentum still weak August 1, 2024 Looking to the immediate future, GDP growth in the second quarter is expected to match the 0.7 per cent recorded in the first three months of 2024.
Junior doctors ‘offered 22 per cent pay rise’ to end strikes July 29, 2024 Junior doctors in England are understood to have been offered a 22 per cent pay rise over two years in a bid to resolve their long-running pay dispute with the Government. The Times is reporting that the British Medical Association’s (BMA) junior doctors committee has recommended an offer to members. It is understood to include [...]
City split on Bank of England’s August interest rate decision July 29, 2024 City economists are split about whether the Bank of England will choose to start cutting interest rates on Thursday.