Irina Anghel

The UK government’s move to raise taxes on employers means the Bank of England will have to take a cautious approach in easing borrowing costs as it monitors the effect on the economy, BOE Governor Andrew Bailey said.

Welcome to Work Shift. How do you lead people when they’re consumed with outrage, whether about politics, artificial intelligence, or anything else? Bloomberg’s Irina Anghel in London starts us off there this week.

UK inflation accelerated more than forecast to well above the 2% target, a pickup that keeps Bank of England officials on track for “gradual” interest-rate cuts.

Bank of England Deputy Governor Dave Ramsden said he would consider voting for quicker interest rate cuts if uncertainty around the UK economy clears in coming months.

Tom Rees and Irina Anghel 2 min read (Bloomberg) -- Bank of England Deputy Governor Dave Ramsden said he would consider voting for

The Bank of Mom and Dad is becoming a growing source of finance for UK adults looking to get on the housing ladder, according a new Resolution Foundation report.

Bank of England official Catherine Mann said cutting rates by a percentage point over the next year would fan inflation, placing her in opposition to her newest colleague and the “gradual” approach endorsed by the majority on the Monetary Policy Committee.

UK consumer confidence posted a surprise increase in November after the budget ended uncertainty over the tax and spending plans of the new Labour government, a survey found.

UK retail sales fell more than expected in October as consumers held back on spending ahead of the Labour government’s first budget.

The first signs of the real economy hit from the UK budget appeared in a raft of data on Friday that included a “clear thumbs down” from companies about Chancellor of the Exchequer Rachel Reeves’ fiscal plans.