Britain’s economy is finally off the interest rate life-support brought in nearly 10 years ago after the financial crisis struck.
The Bank of England has kept interest rates on hold at 0.75% after August’s hike, but it confirmed further increases are likely to be needed to rein in inflation.
Bank of England policymakers are set to sit tight on interest rates on Thursday after last month’s milestone hike and following encouraging news on the economy.
Millennials are driving growth in subscription delivery services for items such as vegetables and toiletries, according to new research.
Bank of England policymakers are set to sit tight on interest rates next week after last month’s milestone hike and amid a mixed performance across the economy.
Britain’s dominant service sector saw a welcome rebound in activity last month, but optimism among firms hit a five-month low amid increasing anxiety over Brexit negotiations.
UK economic growth rebounded in the second quarter as retail sales and construction benefited from a warm weather boost.
UK economic growth is expected to have rebounded in the second quarter, with analysts forecasting sunnier news when are official figures are released later.
The Bank of England’s move to hike interest rates marks only the second increase since the financial crisis and takes rates to the highest level for nearly 10 years.
The Bank of England has increased interest rates to their highest level for nearly 10 years and said further “gradual” rises are on the cards.