US President Donald Trump has removed Federal Reserve official Lisa Cook from her position, marking the first time in the central bank’s 111-year history that a president has fired a …
Interest Rates
News and updates on UK interest rates — including Bank of England decisions, economic forecasts, mortgage changes, inflation strategy, and political reaction.
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Economy
Rachel Reeves Crisis: UK Borrowing Costs Hit 27-Year High as Gilt Yields Soar to 5.57%
by Darren Smith30-year gilt yields hit 5.57 per cent as inflation fears mount and Government’s fiscal position comes under scrutiny Government borrowing costs have soared to their highest levels in 27 years, …
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The Bank of England has cut its base interest rate from 4.25% to 4% in a narrow vote, delivering relief to mortgage holders and borrowers despite inflation rising to 3.6% …
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Sir Keir Starmer has dismissed economists’ stark warnings that Labour faces a £50 billion black hole in the public finances, as pressure mounts on Chancellor Rachel Reeves to break key …
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Millions of drivers hoping for compensation in the car finance mis-selling scandal have been dealt a significant blow after the Supreme Court ruled in favour of lenders in two of …
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The Federal Reserve has rebuffed President Donald Trump’s increasingly vocal demands for interest rate cuts, voting unanimously on Wednesday to maintain the benchmark rate at its current range of 4.25% …
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U.S
US Economy Grows 3% in Q2, Beating Expectations but Fed Rate Cuts Remain Distant
by Tara WhitmanThe US economy rebounded more strongly than anticipated in the second quarter of 2025, growing at a 3% annualised rate according to data from the Bureau of Economic Analysis, making …
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Labour’s flagship pledge to make Britain the fastest growing economy in the G7 is lying in tatters after the International Monetary Fund revealed the UK would trail behind Donald Trump’s …
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The rate of inflation has risen by more than expected on the back of fuel and food price pressures, according to official figures which have prompted accusations of an own …
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Economy
OBR Delivers ‘Horror Show’ Warning on UK Finances as Debt Set to Hit 270% of GDP
by Darren SmithRachel Reeves has been handed a damning “horror show” report card by the Office for Budget Responsibility, which warned Tuesday that Labour’s string of policy U-turns have left Britain’s finances …