Budget has caused economy to stagnate, Bank of England says

'Absolute ZERO - how Starmer's Labour crashed economy and killed growth'

The only thing worse than watching PM Keir Starmer and chancellor Rachel Reeves crash the UK economy is listening to them justify their decisions.

Bank of England warns economy will stagnate after Budget

Bleak forecast comes at Bank leaves interest rates on hold

Budget has caused economy to stagnate, Bank of England says

Andrew Bailey downgrades growth forecasts and says businesses are cutting costs and raising prices after Rachel Reeves’s raid on employers’ NI

The growth versus inflation bind now visible at the Bank of England

Sky's Gurpreet Narwan writes that recent shifts in the economic data relied upon by the Bank's rate setters have caused a splinter group to argue the case for rate cuts despite rising inflation.

Bank of England may be forced to prioritise growth in 2025

Play Video Despite inflation continuing to be a headache for the Bank of England, leading it to hold interest rates today, the central bank may end up being forced to make more cuts than it would like in 2025 to salvage the UK economy. While today’s decision from Andrew Bailey’s Monetary Policy Committee to hold rates had been widely expected, such a split vote was not. Analysts had expected only arch-dove Swati Dhingra to vote for a cut, but …

BoE delivers 'dovish hold' as growth stalls, trade risks rise

The Bank of England maintained its key interest rate at 4.75% in a 6–3 split vote, as inflation pressures persist and growth falters. Inflation rose to 2.6% in November, but growth is now forecast at 0% for the fourth quarter. Markets interpreted the decision as dovish.