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 …
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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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 …
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Economy
Sterling SOARS to dizzying heights as pound hits near FOUR-YEAR peak against dollar – and it could mean BIG savings on your summer holiday
by James CarterBrits set to cash in as currency rockets to $1.37 – making American trips and designer shopping sprees suddenly more affordable The British pound is flexing its muscles like never …
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Economy
Bank of England Holds at 4.25% as Inflation Soars to 3.4% – Middle East Tensions and Rising Food Costs Dash Hopes of Summer Relief for Mortgage Holders
by Darren SmithThreadneedle Street Breaks Pattern of Cuts as Price Pressures Mount – Expert Warns Inflation Will Stay Above 3% Throughout 2025 Amid ‘Persistent Wage Growth’ The Bank of England has dashed …
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Economy
Bank of England set to hold rates at 4.25% as inflation and global uncertainty persist
by Tara WhitmanEconomists predict pause in rate-cutting cycle amid unexpected rise in inflation to 3.5% Labour market shows signs of weakness as wage growth slows and unemployment rises Trump tariff concerns and …