Bank of England Cuts Interest Rates to 4.75%
The Bank of England has reduced its interest rate to 4.75%, following a majority vote by its Monetary Policy Committee.The decision to cut rates was not unanimous, as one MPC…
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CPI inflation
Every Financial News story tagged CPI inflation, newest first.
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OBR Forecasts Steady Rise in House Prices and Mortgage Rates
In the wake of the recent Budget, the Office for Budget Responsibility (OBR) projects a stable increase in house prices along with elevated mortgage and interest rates.House prices are expected…
Prospects for UK Property Market as Mortgage Rates Drop
The UK property market is on the brink of increased activity over the next year.Mortgage rates are expected to fall, irrespective of the budget results.Potential changes in Capital Gains Tax…
Chancellor considers online retail tax for fair competition
Chancellor Rachel Reeves is contemplating a new tax on online retailers to create a fairer market.The proposed 'Amazon tax' aims to increase business rates for online shopping platforms.This tax initiative…
Below-expected inflation signals potential rate cuts in 2024
Inflation in the UK has fallen below expectations, reaching 1.7% in September, sparking discussions on potential interest rate cuts.This marks the first instance of inflation dropping below the Bank of…
Bank of England Reaches Inflation Target at 2%
The UK's annual CPI inflation rate has reached the 2% target, set by the Bank of England, marking the first achievement of this objective since July 2021.This milestone, reported for…
