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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Labour and Tories accused of silence over cuts
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“Middle earners have come out on top, while taxpayers earning below £26,000 or over £60,000 will lose out. The...
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‘We lost festive savings in family WhatsApp scam’
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Kathryn Harnett, policy manager at WhatsApp, commented: “WhatsApp protects our users’ personal messages with end-to-end encryption, but we want...
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What’s going on in the battle for the Telegraph?
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What’s in it for the other bidders? Nothing really. The other bidders have spent time and money preparing proposals...
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Paula Vennells opposed stopping postmaster prosecutions, inquiry hears
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Former Post Office boss Paula Vennells ignored calls from the organisation’s top management team to halt sub-postmaster prosecutions, the...
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Bloomsbury sees higher profits thanks to reading ‘ray of sunshine’
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Nigel Newton, chief executive, said: “The popularity of reading during lockdown is a ray of sunshine in an otherwise...
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Interest rates: What are they and how high could they go?
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By Kevin PeacheyPersonal finance correspondent, BBC News Published 5 hours ago Image source, Getty Images The Bank of England...
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US Navy helicopters destroy Houthi boats in Red Sea after attempted hijack
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The four Houthi boats attacked at around 06:30 Yemeni time (03:30 GMT) with mounted weapons and small arms, getting...
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