Shock for UK as Bank of England halves its economic growth prediction
The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The bank now predicts that the British economy will only grow by 0.75% this year,
UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts
The Bank of England’s top economists will meet on February 6 when forecasters predict they will cut the base interest rate to 4.5%.
Bank of England cuts rates, sees higher inflation and weaker growth
The Bank of England lowered interest rates by a quarter of a percentage point on Thursday, judging a sharp upward revision to its inflation forecasts for this year will prove temporary, while two officials called for a bigger rate cut against a backdrop of weaker growth.
Bank of England expected to cut rate as UK economic growth slows
The Bank of England is widely expected to lower interest rates on Thursday, marking its first cut since June 2023, as policymakers respond to weakening economic conditions. The nine-member Monetary Policy Committee is anticipated to reduce rates by a quarter point to 4.
Bank of England expected to cut rates amidst economic slump, inflation concerns
The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles the need to help the sluggish economy with still-strong inflation pressures.
UK economic growth forecasts downgraded in new blow to under pressure chancellor
Factors such as tightening financial conditions and global trade uncertainties could dampen private sector confidence in the ...
UK economic growth forecasts downgraded in blow for Reeves
The UK gross domestic product (GDP) is expected to grow by 1 per cent in 2025, according to EY’s winter forecasts. It had ...
UK growth outlook downgraded by leading economic forecasters in latest blow to Chancellor Rachel Reeves
The EY ITEM Club expects UK gross domestic product (GDP) to grow by 1% in 2025, down from a previous estimate of 1.5%. The ...
Zero to hero? UK narrative switches yet again
From the Western world's biggest economic car crash to an emerging bridge between trade-warring superpowers, Britain's ...
UK risks becoming ‘incubator economy’ where tech start-ups develop then leave
Urgent action is needed by the Government to help UK companies, including AI and creative technology start-ups, to scale up, ...
UK Money Managers Praise Labour’s Regulatory Pivot to Growth
Asset management bosses have praised the Labour government’s efforts to boost economic growth and the competitiveness of the UK’s financial center.
AI can boost economic growth, but it needs to be managed incredibly carefully
AI offers the promise of improving public services by enabling faster, more efficient processes, personalising provision of ...
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Bank of England slashes UK growth outlook amid Trump tariff threat
The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff ...
Low growth and rising prices - it's looking gloomy for the UK
The central bank may have cut rates but forecasts of low growth and rising inflation make a challenging domestic vista.