The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth. Economic output expanded by just 0.1 per cent ...

The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by ...

The Bank of England is facing a growing clamour to make as many as six cuts in interest rates to save the economy from a recession. Goldman Sachs has issued a new forecast that UK interest rates ...

The Bank of England may cut interest rates five or six times this year due to fears of a recession. Alan Taylor, an external member of the Bank's Monetary Policy Committee (MPC), which sets the ...

A member of the Bank of England's monetary policy committee (MPC) has called for interest rates to be cut "pre-emptively" to get the UK economy back on track. The committee will make its next ...

The Bank of England may cut interest rates five or six times this year due to fears of a recession. Alan Taylor, an external member of the Bank's Monetary Policy Committee (MPC), which sets the ...

The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister ...

The pace at which the Bank of England cuts interest rates in 2025 will be a major focus for financial markets in 2025, just like it was in 2024. The Bank cut interest rates just twice this year ...

Traders added to bets on the extent of Bank of England rate cuts this year, after weak retail sales presented the latest in a run of data surprises this week. Sales volumes fell 0.3% month-on ...

Alan Taylor, an external member of the Bank's Monetary Policy Committee (MPC), said a series of radical cuts could be on the ...