Rising employer tax rates might delay interest rate cuts, warns Andrew Bailey.The Bank of England notes that inflation decreases led to initial rate cuts.New employer taxes…
Browsing: interest rate cuts
Andrew Bailey, the Bank of England Governor, highlighted potential delays in interest rate cuts due to employer tax hikes.The recent reduction in interest rates to 4.75%…
UK shop prices dropped significantly, marking the lowest inflation in over three years.Annual shop prices contracted by 0.8%, deepening from the previous month’s decline.Food inflation decreased…
UK shop price inflation drops to its lowest in over three years, offering relief for consumers as food prices ease.The British Retail Consortium and NielsenIQ reported…
In September, UK retail sales defied expectations by rising, despite predictions of decline amidst economic uncertainties.Retail sales increased by 0.3% in September, surpassing the anticipated 0.4%…
In a significant economic shift, UK inflation has dipped below the Bank of England’s target, reaching 1.7% in September. This development marks the lowest inflation level…
UK inflation has decreased to 1.7% in September, dropping below the Bank of England’s target and opening discussions about potential interest rate cuts. This shift in…
UK inflation is projected to fall below the 2% target for the first time in over three years, driven by various economic factors.Official figures suggest a…
The UK’s private sector demonstrated surprising resilience in August, surpassing expectations despite looming fiscal challenges. Here are the key highlights from this economic development:The S&P Global…