UK budget dims prospect of aggressive rate cuts, say economists
Monday, 4 November 2024 Hopes for consecutive interest rate cuts by the Bank of England over the next two months have been dampened by the UK government's recent budget, economists have warned.
Around half the UK's mortgage holders face paying higher rates over the next three years, the Bank of England has warned, as its battle against inflation.. Sky News
The governor of the Bank of England said that the UK must “welcome opportunities to rebuild relations” following Brexit, as he backs the Chancellor’s plans to boost business investment and growth. Andrew Bailey discussed the importance of economic growth at the annual Mansion House speech in the City of London. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Monday, 4 November 2024
Hopes for consecutive interest rate cuts by the Bank of England over the next two months have been dampened by the UK government's recent budget, economists have warned.
![Andrew Bailey: UK must ‘rebuild relations’ following Brexit [Video]](https://video.newsserve.net/300/v/20241115/1393467086-Andrew-Bailey-UK-must-rebuild-relations-following-Brexit.jpg)
