Bank Of England News
Pound Drops Most Since 2022 Against Euro as BOE Eyes Faster Cuts
The pound posted the biggest one-day slide against the euro since late 2022 after Governor Andrew Bailey suggested the Bank of England could take a more aggressive approach to lowering interest rates.
2 min read4 Oct 2024BOE’s Greene Says Strong UK Consumer Could Renew Price Pressures
A consumption-driven recovery in the UK could set off a renewed bout of inflation, but more interest rate cuts are likely as prices are “moving in the right direction,” Bank of England policymaker Megan Greene said.
2 min read1 Oct 2024UK shop prices dip for first time in nearly 3 years, survey shows
BRITAIN-ECONOMY/INFLATION:UK shop prices dip for first time in nearly 3 years, survey shows
1 min read27 Aug 2024UK Households More Positive About Their Finances After Rate Cut
Britons are growing increasingly optimistic about their personal finances after the Bank of England cut interest rates this month and signalled more relief is on the way.
1 min read23 Aug 2024Banknotes featuring King Charles fetch ₹10 crore at auction, 11 times its face value
The auctions saw banknotes originally worth ₹84.3 lakh generate over 11 times their face value for charity.
1 min read13 Aug 2024Was the Bank of England right to start lowering interest rates?
Andrew Bailey takes a calculated risk
3 min read6 Aug 2024Starmer Gets a Gift From BOE - and a Warning on His Budget Plans
Prime Minister Keir Starmer’s new government groans about inheriting a fiscal mess, but it could also win the legacy of a soft landing for the UK if its own spending plans don’t send that awry.
4 min read2 Aug 2024Bank of England cuts rates after Fed held off
The Bank of England cut rates for the first time in over four years, leaving the Fed among a dwindling number of central banks that have yet to cut.
1 min read1 Aug 2024UK Housing Market Signaling Revival as Deals Jump, Zoopla Says
The UK housing market is showing signs of a rebound from last year’s slump, and a possible interest-rate reduction by the Bank of England could boost the confidence of prospective buyers, according to a report by property portal Zoopla.
2 min read30 Jul 2024UK Job Recruiters Say Pay for Newly Hired Staff Is Still Rising
UK companies are boosting pay offers for new jobs at the fastest pace since October, a survey of job recruiters showed in an indication of lingering inflationary pressure that may concern the Bank of England.
1 min read8 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared