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Bank of England to hold rates against backdrop of sticky inflation
09.04.2025There are visible signs of disagreement at the Bank of England on the pace of rate cuts required this year. But with wage growth and inflation remaining sticky, we expect the Bank to keep rates on hold this Thursday, ahead of the next rate cut in May
Chancellor backs Britain’s financial services to drive development and kickstart economic growth
21.03.2025Rachel Reeves urges financial industry leaders to seize growth opportunities in emerging markets, creating new business for British firms and boosting trade links with fast-growing economies, delivering on the government’s Plan for Change.
Warning people in UK could have less money due to US tariffs
14.03.2025Tariffs could hit growth and pose "substantial" risks to the UK and world economies, Andrew Bailey told MPs. Other Bank experts also said trade frictions could hurt companies in the UK and elsewhere. Mr Bailey urged for trade disputes to be settled globally, and stressed the importance of trade.
Banking Outages Shake Confidence in UK Financial System: What Can Be Done?
07.03.2025Recent disruptions at major UK banks including Barclays, Halifax, TSB and Lloyds Bank – particularly during critical payday periods – have spotlighted vulnerabilities in the financial system, triggering a debate among industry leaders about necessary reforms to restore consumer confidence.
Banks raise concerns over benefit debt recovery powers
12.02.2025Banks raise concerns over benefit debt recovery powers