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Andrew Bailey has said as inflation does not need to reach the 2 per cent before interest rates are cut
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Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year
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Barclays shares jump as it announces cost-cutting drive to boost returns, shakes up its operations and aims to return £10bn to shareholders over the next three years
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Rolling coverage of the latest economic and financial news, as Andy Haldane urges central bank to consider interest-rate cuts
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Two priorities are tackling entrenched inequalities and – the biggest challenge – addressing the climate crisis
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Rolling coverage of the latest economic and financial news, as retail sales in Great Britain rebound by 3.4% in January
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Hours after official figures showed Britain has fallen into a recession, the prime minister saw Labour overturn huge Tory majorities in Kingswood and Wellingborough
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Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again
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Shadow chancellorâs No 10-style press conference given extra credence by decision to drop £28bn green pledge, Labour sources say
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The UK’s economy stagnated again at the end of 2023, as households feel the strain of higher interest rates
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The fourth quarter contraction was the biggest since the first three months of 2021, at the height of the pandemic
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The UK’s latest economic woes come just as voters in Kingswood and Wellingborough take to the polls
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Jeremy Hunt insisted prioritising tackling inflation was the âright thing to doâ after the UK slid into a recession. âWe always expected growth to be weaker while we prioritised tackling inflation, that means higher interest rates, and ...