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The Latest Breaking News from The Bank of England

Strong wage growth gives Bank of England interest rate dilemma

Quick cuts unlikely because persistently high pay rises will probably be deemed inflationary

The Guardian - UK

Where should you save money after interest rate cut? Best savings accounts for February 2025

The Bank of England cut interest rates this month but you can still earn more than four per cent on your savings

The Independent UK

UK savers urged to ‘act now’ and shake off their Isa apathy

With the savings ‘season’ starting early, there are many advantageous deals out there. But for how long?

The Guardian - UK

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Chill of inflation threatens Britain again after Europe’s long, hard winter

Demand for fuel has pushed gas prices up – but peace in Ukraine could flood the market and change everything

The Guardian - UK

Rachel Reeves says ‘no one raised concerns’ about her expenses at HBOS

Science secretary calls BBC’s reporting ‘totally inaccurate’ after claim chancellor was investigated by former employer

The Guardian - UK

OPINION - Rachel Reeves goes to show how the dull can be dodgy

The allegations that the Chancellor enhanced her CV and was investigated for her expenses at HBOS detract from the Government’s credibility

Evening Standard

Rachel Reeves says she was ‘never questioned’ over her banking expenses

Chancellor responds to BBC report about her use of company card

The Independent UK

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Why are U.S. banks flying gold from London to New York?

About 8,000 gold bars have been moved out of the Bank of England’s vaults in recent months

The Independent UK

Rachel Reeves faces growing questions over her banking expenses and CV

‘There’s still questions to be asked,’ says Dame Siobhain McDonagh amid doubts being raised over an expenses probe

Evening Standard

Rachel Reeves accused of ‘cavalier attitude’ to expenses during banking career

Chancellor and PM insist there was no wrongdoing after claims she was investigated for alleged misuse of expenses

The Guardian - UK

Rachel Reeves caught lying on CV AGAIN about jobs at Bank of England and Halifax

CHANCELLOR Rachel Reeves lied about the amount of time she spent working for both the Bank of England and the Halifax Bank of Scotland (HBOS) ...

The National (Scotland)

Starmer backs Reeves amid scrutiny of CV changes and banking career expenses

Sir Keir Starmer believes the Chancellor can be trusted and has no concerns about her conduct, Number 10 said.

Evening Standard

UK Economy Picks Up Ahead Of US Tariff Risks

Gross domestic product expanded 0.1 percent in the October-December period after zero growth in the third quarter of 2024, the Office for National Statistics (ONS) said in a statement.

Latin Times

What’s behind the UK’s unexpected return to growth?

The ONS said gross domestic product edged 0.1% higher between October and December after zero growth in the previous three months.

Evening Standard

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Evening Standard

Rachel Reeves comes under fire for retail banking career expenses and CV changes

The Chancellor’s use of expenses during her time working for HBOS were reportedly subject to an internal investigation, the BBC reported.

The Independent UK

Rachel Reeves ‘investigated over expenses’ while working at bank

It comes as it emerged the chancellor worked at the Bank of England for nine months less than her LinkedIn profile claimed

Evening Standard

Treasury launches leak inquiry over reports OBR has cut UK growth forecast

The watchdog is reported to have cut its growth forecast for the UK, causing problems for the Chancellor as she attempts to stick to her fiscal rules.

The Independent UK

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

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news in one place.

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The Guardian - UK

UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hit

The Guardian - UK

‘Let’s not forget the pain of the 2008 crisis in pursuit of growth,’ warns Andrew Bailey

Bank of England governor says there is ‘no trade-off’ between economic growth and financial stability

The Independent UK

Bank of England chief cautions over cutting regulation post-financial crisis

Andrew Bailey insisted there was ‘no-trade off between economic growth and financial stability’ in a speech delivered in London on Tuesday.

Evening Standard

Bank of England policymaker says job losses will ‘restrain’ inflation rise

Catherine Mann said more job cuts and a slowdown in hiring partly driven by higher company taxes will slow price rises across the economy.

The Guardian - UK

You may not like Trump. But his attempts to seize the Fed contain a lesson for liberals

The US president has recognised something that is rarely acknowledged: monetary policy is political, says academic and author Leah Downey

The Independent UK

Voices: Should Rachel Reeves pay for her mishandling of the economy?

COMMENT: Despite her audacious tax raids, an absence of ‘growth, growth, growth’ and, now, the prospect of stagflation, the chancellor cannot be blamed for everything that’s going wrong with Britain’s finances, says Sean O’Grady

The Guardian - UK

UK can’t say ‘job done’ on fighting inflation, says Bank of England’s Huw Pill

Chief economist warns that ‘cautious’ approach to further interest rate reductions is required

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