Tom Rees

BOE's Bailey Says Budget Tax Rises Support Gradual Rate Cuts Irina Anghel and Tom Rees 3 min read

The Bank of England may cut interest rates faster than markets are betting if the economy weakens, according to its newest rate-setter Alan Taylor.

Britain has underestimated the number of people in employment by almost 1 million, according to a new report that casts further doubt on official estimates that are crucial for the Bank of England.

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.

UK private rental inflation picked up for the first time in seven months and hit double digits again in the capital, prolonging a cost-of-living squeeze on tenants.

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 UK may delay by years the rollout of a new survey to provide a more reliable picture of who’s working and who’s not, deepening concern about key economic indicators the Bank of England relies on to set interest rates.

The UK private sector slipped from solid growth to stagnation after the budget as a closely-watched survey showed firms gave a “clear thumbs down” to UK Chancellor Rachel Reeves’ fiscal plans.

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.