The new Labour government must re-think the timing of tax rises imposed in last month's budget and instead phase them in if ...

The central bank said future cuts would be gradual amid higher inflation forecasts after the new government introduced ...

British wage growth excluding bonuses fell in the third quarter to its lowest in over two years, official data showed on ...

UK supermarkets have warned that tax rises in the new Labour government's first budget last month, together with another rise ...

The Bank of England still has some way to go before it can celebrate having tamed inflation, its chief economist said Tuesday ...

The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely ...

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell ...

Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls LONDON -- Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls.

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers. As widely expected ...

The change will make the cost of borrowing cheaper in the UK, but also lessens returns on savings. Interest rates are a key tool that the Bank uses to control the level of inflation. After the ...

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LONDON (AP) — The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%. In an announcement Thursday ...