Tag #Bank Of England

Showing 61 to 72 of 113 results

bbc.com
🌐 85% Global Worthiness
News related image

UK Inflation Jumps to 3% Amid Rising Food and Energy Costs

UK inflation unexpectedly jumped to 3% in January 2024, the fastest rate in 10 months, driven by rising food prices (up 3.3%), airfares, and a 13% increase in private school fees due to VAT; this comes before further increases in energy, water, and council tax bills in April, exacerbating the cost-o...

Progress

44% Bias Score

No Poverty
theguardian.com
🌐 75% Global Worthiness
News related image

UK Inflation Unexpectedly Rises to 3% in January

UK inflation unexpectedly rose to 3% in January, exceeding forecasts and driven by higher food and education costs, impacting worker wages and reducing the likelihood of an immediate interest rate cut.

Progress

44% Bias Score

No Poverty
abcnews.go.com
🌐 75% Global Worthiness
News related image

UK Inflation Spikes to 10-Month High, Jeopardizing Rate Cuts

UK inflation hit a 10-month high of 3% in January 2024, exceeding forecasts and the Bank of England's target, primarily due to increased airfares, food costs, and school fees following a new sales tax, potentially impacting the Labour government's economic agenda and future interest rate decisions.

Progress

44% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
News related image

UK Economy Defies Expectations with 0.1% Growth in Q4 2024

The UK economy unexpectedly grew by 0.1% in the last quarter of 2024, driven by construction and services, despite lower living standards and concerns about future growth due to tax increases.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
News related image

Bank of England Governor Warns Against Relaxing Post-2008 Financial Regulations

Bank of England Governor Andrew Bailey cautioned against relaxing post-2008 financial regulations in response to Chancellor Rachel Reeves's push for deregulation to boost economic growth, citing the lasting economic damage from the 2008 financial crisis as a warning against loosening constraints.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
News related image

Santander Cuts Mortgage Rates Below 4%, Sparking Price War

Santander launched 3.99% fixed-rate mortgages (2 and 5-year terms) on Thursday, the lowest since November, requiring a 40% deposit/equity and a £1,999 fee, following a Bank of England rate cut and other lenders' reductions, potentially initiating a price war.

Progress

40% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
News related image

UK Inflation Hits Nearly Year-High at 3%, Dampening Rate Cut Hopes

UK inflation unexpectedly rose to 3% in January, the highest in nearly a year, exceeding forecasts and driven by increased transport, food, and private school fees; this reduces the likelihood of immediate interest rate cuts.

Progress

48% Bias Score

No Poverty
news.sky.com
🌐 75% Global Worthiness
News related image

UK Inflation Surges, but Bank of England to Continue Rate Cuts

UK inflation hit 3% in January, surpassing forecasts and the Bank of England's target, driven by airfares and school fees; despite this, the Bank is expected to continue cutting interest rates due to weak economic growth.

Progress

36% Bias Score

Reduced Inequality
news.sky.com
🌐 75% Global Worthiness
News related image

Bank of England Gold Outflow to New York Amid Tariff Concerns

The Governor of the Bank of England confirmed the transfer of billions of pounds of gold to New York due to fears of US tariffs, representing less than 2% of the Bank's reserves and causing logistical issues but not a shortage.

Progress

48% Bias Score

No Poverty
theguardian.com
🌐 75% Global Worthiness
News related image

UK Economy Surges 0.1% in Q4 2024, Defying Forecasts

Britain's economy grew 0.1% in Q4 2024, defying predictions of a 0.1% decline; December saw 0.4% growth, driven by services, offsetting production sector weakness; Chancellor Reeves receives a boost after budget criticism.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
News related image

Mann's Surprise Vote for Larger UK Interest Rate Cut

Bank of England policymaker Catherine Mann surprisingly voted for a 0.5% interest rate cut last week, differing from the MPC's 0.25% decision, believing a slowing jobs market will contain inflation despite a projected rise to 3.7% by 2025 due to rising energy and other costs.

Progress

36% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
News related image

Bank of England Cuts Interest Rates Amidst Economic Slowdown

The Bank of England unexpectedly cut interest rates last week, despite inflation risks, to counter the threat of sluggish economic growth; this move, backed by the chancellor, aims to reduce borrowing costs and ease cost of living pressures, though its effectiveness is questioned.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 61 to 72 of 113 results