Bank Of England Heads For Third Rate Rise In A Row As Prices Surge
The Bank of England looks set to lift interest rates to 0.75% on Thursday, its third rate rise in a row as it seeks to tame a dramatic surge in inflation that has been intensified by Russia's invasion of Ukraine.
UK Businesses' Inflation Expectations Hit Record Highs
British businesses' expectations for inflation over the next 12 months have risen to their highest in more than five years, according to a Bank of England survey that is likely to boost official concerns that soaring inflation may be slow to fall.
UK Services Expand At Fastest Since June Despite Record Price Rises - PMI
Price rises in Britain's services sector last month were the most widespread in more than 25 years as businesses recovered from the Omicron wave of coronavirus cases, a survey showed on Thursday.
BoE's Mann: Inflation Fears Drove Vote For Half Point Rate Hike
Bank of England policymaker Catherine Mann said she voted for a half percentage point rise in interest rates this month because she saw little sign that public's price expectations were easing, which risked causing inflation to stay too high.
UK Bonds On Track For Biggest Gains Since November After Ukraine Invasion
British government bonds were on course for their biggest daily gains since late November on Thursday, joining a broader rally in safe-haven assets after Russia invaded Ukraine.
BoE's Tenreyro Sees Case For Small Increase In Rates
Bank of England policymaker Silvana Tenreyro said on Wednesday that she - like other BoE policymakers - saw a case for higher interest rates to tackle inflation near a 30-year high, but the extent of tightening needed was uncertain.
BoE's Ramsden Sees Further Tightening, Uncertain Outlook
The Bank of England will need to raise interest rates slightly more over the coming months, but their longer-term path is hard to predict due to uncertainties including the Russia-Ukraine conflict, Deputy Governor Dave Ramsden said on Tuesday.
Britain To Set Out Plans To Scrap COVID Self-isolation Laws
British Prime Minister Boris Johnson intends to set out plans next week to remove self-isolation requirements for people infected with COVID-19, his office said on Saturday.
Over 150,000 British Homes Still Without Power After Storm Eunice
Around 155,000 British homes were still without power late on Saturday after Storm Eunice knocked more than 1.3 million households off the grid the day before, energy companies said.
UK Sees Threat To Taiwan If West Does Not Support Ukraine
British Prime Minister Boris Johnson said on Saturday that if Western nations failed to fulfil their promises to support Ukraine's independence, it would have damaging consequences worldwide, including for Taiwan.
UK Retail Sales Bounce Back Partly From Omicron Knock
British retail sales grew faster than expected in January, recovering about half the losses suffered the month before when a wave of Omicron cases of coronavirus caused many shoppers to stay at home.
UK Retail Sales Recover More Than Expected From Omicron Knock
British retail sales grew faster than expected in January, recovering about half the losses suffered when a wave of coronavirus cases caused many shoppers to stay at home during December.
UK Shoppers Return To Stores After Omicron Knock
British shoppers began to return to stores last month after many stayed away during a wave of COVID-19 cases that peaked at the turn of the year, although fast-rising inflation is curbing their spending power.
UK Inflation Climbs To Highest Since 1992 At 5.5%
British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row.
UK Inflation Hits Nearly 30-year High Of 5.5%
British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row.
Analysis-Rise And Fall: Economists And BoE Split On Pace Of Inflation Drop
British inflation is on track to peak at a 30-year high of over 7% in April but differences in forecasts for energy prices and wages mean private-sector economists and the Bank of England are split over what happens next.
BoE's Bailey Sees No Need For EU Time Limit On Euro Clearing Access
The European Union should not have set a time limit on how long clearing houses in Britain can continue serving customers in the bloc, Bank of England Governor Andrew Bailey said on Thursday.
UK's Thomas Cook Mulling Airline Sale
British travel company Thomas Cook is considering splitting off its airline and selling a stake to an outside investor to reduce debt, the Sunday Times newspaper reported.