Tag results for: Bank of England

Inflation to soar to 4% in another cost of living blow for Brits – London Business News | Londonlovesbusiness.com

According to the Bank of England inflation is set to hit 4% in September and they confirmed the consumer price index (CPI) will soar higher than expected, this...

Bank of England cuts interest rates to provide a slither of hope for growth – London Business News | Londonlovesbusiness.com

The Bank of England has narrowly voted to cut interest rates to 4% — although the 5-4 vote in favour of a cut was closer than expected, this...

Bank of England cuts rates despite continual domestic price pressures – London Business News | Londonlovesbusiness.com

The Bank of England has today cut the base rate to 4%. The Monetary Policy Committee was far from unanimous, as evidenced by the 5-4 split in favour of...

Base rate cut will encourage small firm investment – London Business News | Londonlovesbusiness.com

With many small firms undoubtedly facing difficult trading circumstances at the moment, the cut to the base rate will be warmly welcomed. After a prolonged period of high borrowing...

The future of GBP/USD: Cautious moves ahead of a crucial Bank of England decision – London Business News | Londonlovesbusiness.com

The GBP/USD pair has experienced noticeable volatility over the past few days, losing its bullish momentum after a brief two-day rebound, settling near the 1.3370 level during Thursday’s...

An interest rate cut likely next month but the halt on recruitment continues – London Business News | Londonlovesbusiness.com

Good news for the Bank of England and by implication Rachel Reeves. The softening labour market has led to average earnings growth falling to 5%, its lowest level...

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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...