The Bank has also stopped giving guidance that more rates are on the way, and instead replaced that wording with an assurance that it will respond “forcefully” to any signs that inflation is becoming persistent. Three members of the nine member committee voted for an even bigger rise of 0.5%, in the aftermath of the bumper 0.75% rise in rates in the USA overnight. The Bank pointed to measures of core inflation, which strip out volatile energy prices for example, being significantly higher in the UK than in the euro area.
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Will Nadhim Zahawi change tack on the economy?
admin, , Business, 0
He acknowledged both he and the prime minister wanted a “low-tax, high-growth economy, and world class public services”, but...
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Rail nationalisations may be coming down the track
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Image copyright Getty Images Some UK railway franchises could be nationalised when emergency deals set up during the coronavirus...
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Coronavirus: ‘No jab, no job’ policies may be legal for new staff
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“With regards to our staff, we are doing all we can to reassure and encourage those who are a...
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Growing skincare use by children is dangerous, say dermatologists
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She was particularly attracted to a product from the company Bubble, which “when you push down, comes up in...
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Is the past year’s spike in strike action here to stay?
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Settlements such as this one have been occurring in so-called shortage sectors, such as driving buses, lorries, and rubbish...
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Germany takes step closer to gas rationing
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In the short term, however, the challenge will be to maintain supply and demand in the German energy system....
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Covid: Chaotic start for travellers’ Covid testing system
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Airlines UK, the trade body for airlines, admitted there had been “teething problems”, but said these would be resolved....
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FTX: ‘Crypto King’ admits people got hurt as he speaks out in trial
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But prosecutors have accused him of using FTX customer funds to prop up his crypto-focused hedge fund, Alameda Research,...
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