Britain faces a new era of rising inflation and flatlining growth
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, ...
‘High risk’ UK carbon capture projects face funding cuts
The government announced £21.7bn of funding over 25 years for carbon capture in October but the money only went to two regions — in Teesside and Merseyside — leaving projects in the Humber and ...
ALEX BRUMMER: Stagflation’s back and it’s a disaster entirely of Rachel Reeves’s making
Labour, which campaigned on a pledge to promote growth, has created a new era of 'stagflation' - a devastating combination of ...
From Rachel Reeves’ Budget to Trump’s trade war- Bank of England Governor Andrew Bailey answers YOUR questions
THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
Second watchdog chief ousted amid Reeves’s clampdown on anti-growth regulation
Abby Thomas has stepped down as head of the Financial Ombudsman Service The head of a leading consumer watchdog has been ...
BoE’s grim outlook highlights scale of the challenge for Rachel Reeves
The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...
Too many people ‘taking the mickey’ with benefits, work and pensions secretary says
Work and Pensions Secretary Liz Kendall told ITV News' Anushka Asthana the number of people saying they can't work when they ...
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Leadership Shake-Up at Britain's Financial Ombudsman Service
Abby Thomas, the chief executive and chief ombudsman of Britain's Financial Ombudsman Service, is stepping down after more than two years. The announcement comes amid increased pressure from finance ...
Financial Ombudsman Service chief quits months after Reeves’ call for reform
Abby Thomas has stepped down following criticism over the ombudsman service’s role in the motor finance commission scandal.
Millions of mortgage bills to fall as Bank of England interest rate decision confirmed – what it means for YOUR money
MILLIONS of mortgage bills are set to fall after the Bank of England confirmed a cut to interest rates. During today’s ...