Bank of England chief economist downplays fears over inflation surge
Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday ...
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TNC Daily Open: Global Central Banks Cut Rates, But The Fed May Hold Off
The most recent news from Nigeria and across the world is available at The News Chronicle. The News Chronicle provides the ...
Interest rates: Why have they been cut and what does it mean?
The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.
Week in Business: Growth hammer blow means Reeves must change course
Low growth and high inflation means the economy can't afford the government's policies and Reeves must reconsider her looming ...
Danske Bank makes £218m profit in Northern Ireland
Danske Bank in Northern Ireland made a pre-tax profit of £218m in 2024, up 17% on the £186m profit made in 2023. It is among the largest annual profits ever recorded by a Northern Ireland business.
Stagflation: Chancellor Rachel Reeves faces mess of her own making
The Bank now expects the UK economy to grow 0.7 per cent this year, cut from a previous estimate of 1.5 per cent. Inflation, ...
London midday: Stocks dip ahead of payrolls; L&G surges
On the upside, Legal & General surged as it announced the sale of its US protection business to Japanese peer Meiji Yasuda, with the latter taking a 5% stake in L&G in a deal worth $2.3bn.
Andrew Bailey lays bare the damage of Reeves’s broken promises
Rachel Reeves promised businesses time and time again before the election that she was on their side. As part of her Mais ...
How flawed data is leaving the UK in the dark
Trouble at the Office for National Statistics means policymakers cannot rely on key economic numbers, including on employment ...
CNBC Daily Open: Global central banks are cutting rates — the Fed might not be as inclined
Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...
US should support World Bank and IMF - Bank of England boss
The Governor of the Bank of England has urged continued US support for two major global economic institutions. Andrew Bailey ...
Back to the 70s nightmare: Labour's Britain faces a new era of rising inflation, flatlining growth and stagflation, the Bank of England warns
A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, ...