Chief UK Economist at Oxford Economics, Andrew Goodwin, anticipates that the Bank of England may postpone the expected interest rate cuts until 2025.
Former US Treasury Secretary asserts that Brexit was ‘a monumental mistake’.
Larry Summers, the former US Treasury Secretary, has branded Brexit as a ‘historic blunder’ that has sparked inflation.
Diesel prices have been reduced by supermarkets in response to concerns raised by the competition watchdog.
Following the competition watchdog’s decision to intensify scrutiny of the market, supermarkets and other prominent retailers have hastened their cuts to diesel prices, as reported by the RAC.
Almost 800 mortgage offers have been withdrawn as banks anticipate further increases in interest rates.
In the face of apprehensions regarding rising interest rates, nearly 800 mortgage deals have been withdrawn from the market.
The Bank of England is the laughing stock of the financial world
Andrew Bailey has begged workers not to ask for pay rises and companies not to increase prices. He’s living in a dream world.
UK Inflation below 10pc for first time in eight months
For the first time in eight months, inflation has decreased to single figures, indicating a slowdown in the escalating cost of living following the previous year’s energy predicament.
The Bank of England anticipates a reversal in inflation trends
The chief economist of the Bank of England, Huw Pill, has indicated that inflation, after reaching a crucial juncture, is expected to decline, signalling an end to the series of
The UK’s economy rebounds, contradicting the Bank of England’s previous erroneous predictions.
Contrary to the Bank of England’s predictions, the British economy displayed a stronger performance in the first quarter of the year.
Supermarket bosses have been summoned to the Treasury to explain surging food prices
Treasury officials have called supermarket executives to discuss the escalating food prices, following a warning from the Bank of England that these costs would continue to rise throughout the year.
BlackRock cautions about the overheating of the UK economy.
A leader at BlackRock, the world’s largest asset management firm, has suggested that the Bank of England should clarify the extent to which it is willing to impair the UK
Another interest rate increase is anticipated from the Bank of England
Inflation remains stubbornly high in the UK at 10.1pc, with the Bank of England expected to raise rates three more times this year to 5pc to bring it under control.