Tag results for: Bank of England

Europe higher, but BoE decision brings more cautious tone in the UK – London Business News | Londonlovesbusiness.com

European markets are enjoying a buoyant start to the day, although the FTSE 100 and 250 are lagging their mainland counterparts, taking a more cautious tone ahead of...

Inflation holds steady and any hopes of interest rate cut is now dashed – London Business News | Londonlovesbusiness.com

UK inflation held firm at 3.8% in August, remaining at almost double the Bank of England’s 2% target. Inflationary pressures persist, driven by a tight labour market and resultant...

Bank of England could hold base rate until 2026 – London Business News | Londonlovesbusiness.com

On Thursday the Bank of England’s Monetary Policy Committee (MPC) announce their decision over interest rates. There is concerns over the economy and lack of growth that could see...

Bailey warns of ‘considerably more doubt’ in cutting interest rates – London Business News | Londonlovesbusiness.com

The Bank of England governor Andrew Bailey has warned the risks around inflation and the financial markets remaining jittery over the Chancellor is casting doubt over a base...

Bank of England could cut the base rate one more time this year – London Business News | Londonlovesbusiness.com

The Bank of England (BoE) could cut interest rates just one more time this year by a quarter-point, then again early next year as inflation persists. This is according...

Interest rate cut sparks growth potential for UK SMEs – London Business News | Londonlovesbusiness.com

The decision by the Bank of England to cut the base interest rate to 4% marks a significant shift in the financial landscape for British SMEs. This reduction –...

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Mandelson’s lobbying firm enters administration amid scandal

Global Counsel, the lobbying firm founded in 2010 by Peter Mandelson, has entered administration following a wave of client departures linked to renewed...

Orbital AI data centers could work, but they might ruin Earth in the process

At the start of the month, Elon Musk announced that two of his companies — SpaceX and xAI  — were merging, and would...

Nintendo announces surprise Switch 2 version of sci-fi RPG Xenoblade Chronicles X: Definitive Edition

Last year’s Xenoblade Chronicles X: Definitive Edition was significant for a few reasons. It was the final major first-party Switch game ahead of the...

‘Killing me won’t break Ukraine’ Zelensky says mocking Putin’s assassins – London Business News | Londonlovesbusiness.com

Defiant Ukrainian leader Volodymyr Zelensky has hit back at threats from Moscow, declaring that even if he were assassinated, Ukraine would not fall. In...

Starmer to press ahead with Chagos Islands deal despite Trump U-turn – London Business News | Londonlovesbusiness.com

The UK government remains committed to advancing the controversial Chagos Islands deal, despite former US President Donald Trump reversing his previous support for...