The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, but forecast that Britain was likely to avoid a recession.
Author: Eshe Nelson
U.K. Inflation Swings Upward, to 10.4 Percent
Prices in Britain reversed a recent downward trend, rising 10.4 percent over the year through February.
UK Budget Offers More Free Child Care as Work Incentive
In a major policy speech, Jeremy Hunt, the chancellor of the Exchequer, offered plans to promote greater work force participation, including more free child care.
Rishi Sunak Will Face Difficult Economic Tests Immediately
As prime minister, Mr. Sunak will face a vastly different economic backdrop to the one he experienced as finance minister.
Rishi Sunak will face difficult economic tests immediately.
As prime minister, Mr. Sunak will face a vastly different economic backdrop to the one he experienced as finance minister.
Rishi Sunak Becomes the Front Runner for U.K. Prime Minister
Mr. Sunak’s warnings about inflation and his fiscal conservatism may have cost him the post in September. But now his accurate assessments are easing his path to Britain’s top job.
As the Bank of England’s Intervention Ends, Unease Returns to the Bond Markets
A two-and-a-half-week program of bond buying came to a close on Friday, leaving investors nervous about what will happen when markets reopen on Monday.
Rising Energy Prices and High Inflation: The Economic Issues Facing Liz Truss
Consumer prices in Britain are rising at their fastest pace in decades, as the inflation rate exceeds 10 percent and is expected to keep climbing.