A BATTLE is brewing within the Bank of England as the nine people who decide Brits’ borrowing costs are at odds over the timing of interest rate cuts. The Bank yesterday held interest rates at 4.75 per cent amid rising fears that inflation is creeping higher again. 6 The Bank’s Governor, Andrew… Bank of England … Read more
HOPES that interest rates will soon start falling were dashed yesterday after an unexpectedly big increase in wages stoked inflation fears. Official jobs figures showed that wages rose by 5.2 per cent in the three months to October. 3 After the surge in wage growth, traders have now put a… Wage surge dashes hopes for … Read more
HOUSE prices have fallen for the second month in a row ahead of a key Bank of England base rate meeting this week. The average price tag on a home fell by £6,395 in December, according to the latest figures from Rightmove out today. 1 House prices fell in December according to the latest data … Read more
Britain on ‘recession watch’ after economy shrinks for second month in a row, experts warn …C0NTINUE READING HERE>>> BRITAIN is on “recession watch” after the faltering economy shrank for the second month in a row, experts say. Output contracted by 0.1 per cent in the four weeks before October’s Budget. 1 Experts say that the … Read more
UK economy shrinks unexpectedly as GDP falls 0.1% – what it means for your money …C0NTINUE READING HERE>>> THE UK unexpectedly economy shrank in October, latest figures from the Office for National Statistics (ONS) show. The ONS said gross domestic product (GDP) contracted 0.1% in October. Most economists had been expecting GDP to rise by 0.1% during … Read more