Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%
Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5% - The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth
Bank of England humiliates Rachel Reeves with brutal downgrade to UK’s growth forecast
While the cutting of interest rates will have come as a relief to Rachel Reeves, the Bank's cut to growth predictions is a major blow.
Gloomy growth forecast adds to Rachel Reeves’ woes
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Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
Bank of England cuts rates, sees weaker growth and inflation spike
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.
Bank of England gives hawkish warning as it cuts rates to 4.5%
In a blow to Chancellor of the Exchequer Rachel Reeves, the BOE warned that inflation will rise “quite sharply” to peak at 3.7% later this year, up from 2.8% in the last forecast.
Bank of England cuts interest rates to lowest level since May 2023
The Bank of England has cut the base rate of interest from 4.75% to 4.5%, the lowest level since May 2023. The Bank of England has confirmed interest rates have been cut from 4.75 per cent to 4.5 per cent, its lowest level in 18 months.
Bank of England cuts interest rates to 4.5% as it downgrades growth forecast
The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.
Bank of England policymakers speak after rate cut, weaker growth forecast
The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary. Here's what Bank of England officials said in a pres
Blow for Rachel Reeves as Bank of England DOWNGRADES growth forecast for UK economy despite interest rate cut
Chancellor Rachel Reeves has been dealt another blow to her fiscal agenda as the Bank of England has downgraded its growth forecast for the UK economy to 0.75 per cent. The central bank confirmed it has revised its prediction down from previous estimates of 1.
From Rachel Reeves’ Budget to Trump’s trade war- Bank of England Governor Andrew Bailey answers YOUR questions
THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...
'New era of stagflation' and 'putrid' figures for Reeves
The Times also says the Bank's alert is a setback for Reeves as it says there was a warning of a new squeeze on living ...
BoE’s grim outlook highlights scale of the challenge for Rachel Reeves
The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...
Rachel Reeves given ultimatum over 'putrid' downgrade to economy
Rachel Reeves has been put on notice after “putrid” economic growth forecasts were slashed. The Bank of England halved its ...
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New tax hikes feared to be coming in just MONTHS as Rachel Reeves's £9.9bn fiscal headroom 'evaporates'
Rachel Reeves could be forced to announce further tax rises due to a significant shortfall in the Government’s finances.