The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
Bank boss Andrew Bailey told the BBC it expected to cut rates further but warned the road ahead would be bumpy.
The UK has been "out of line" but the situation "can be worked out", Trump said, adding that he has been "getting along very well" with UK Prime Minister Sir Keir Starmer. This comes as Starmer heads ...
Best-selling author Frank Cottrell-Boyce, the current children's laureate, is to spearhead a campaign to tackle a "recession ...
The central bank may have cut rates but forecasts of low growth and rising inflation make a challenging domestic vista.
Best-selling author Frank Cottrell-Boyce, the current children's laureate, is to spearhead a campaign to tackle a "recession in ... that while children in the UK may fare well in reading league ...
The Labour Government has been branded a ‘disaster' as the businessman says the ‘depressing' mood among entrepreneurs is the ...
Treasury Minister James Murray has refused to rule out the possibility of the UK slipping into a damaging recession in 2025, ...
Canadians have begun booing the US anthem at sports games, signalling the depth of anger at steep tariffs issued by Trump.
Hedge funds scrambled to sell shares in North American and European companies last month in a sign that the world’s top money ...
Recession alarm bells ring as Bank slashes 2025 growth forecast to just 0.75% - Inflation also expected to be higher than ...