England

The Bank of England's ability to set effective interest rates is hampered by unreliable labor market statistics, according to its governor Andrew Bailey, who highlighted the lack of accurate data on the UK workforce as a "huge…

The Bank of England cut interest rates by 25 basis points to 4.75%, its second cut this year as inflationary pressures begin to ease and economic data point to a slowdown in wage growth. The nine-member Monetary Policy Committee…

The maximum bus fare in England is set to rise to £3, following an announcement by Prime Minister Sir Keir Starmer. The new limit, which will be introduced in the next Budget, represents an increase on the current £2 cap which the…

Sam Woods, chief executive of the Bank of England's Prudential Regulation Authority, warned that excessive regulation could turn the City of London into a "graveyard" by stifling innovation and risk-taking. Speaking at the city's…

Andrew Bailey, Governor of the Bank of England, has indicated that the bank may take a more aggressive stance on cutting interest rates if inflation continues to decline. However, he warned that escalating tensions in the Middle…

By David Milliken and Suban Abdullah LONDON (Reuters) - Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on…

The Bank of England has warned that companies owned or backed by private equity firms are at greater risk of default than other large companies. According to new research, these companies are more vulnerable to financial…

The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy.…

The Bank of England is facing increasing pressure to cut interest rates this week as signs of a slowing economy emerge in job vacancies and industrial production. According to the Recruitment and Employment Confederation, job…

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