Rachel Reeves is facing a £1.3bn “triple lock” headache as spiking inflation pushes up the cost of the state pension.

The Bank now expects the UK economy to grow 0.7 per cent this year, cut from a previous estimate of 1.5 per cent. Inflation, ...

The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth ...

Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves - Huw Pill warned ...

Rachel Reeves has been put on notice after “putrid” economic growth forecasts were slashed. The Bank of England halved its ...

The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...

Keir Starmer is said to be gathering his Cabinet for a crisis meeting as the threat of 'Stagflation' rises. The special ...

More than three million workers across the UK are set to get a bumper pay rise in April as new wage rates for the year come ...

THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...

The value of the pound dropped sharply after the Bank of England announced a cut to interest rates in a new blow for ...

THE Budget tax raid on businesses has led companies to slash jobs at the fastest rate since the financial crisis, a survey ...

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.