Today news
About the same in other media
As cost of food and fuel soars, is there an appetite to raise UK interest rates?
Reading now: 549
Things are moving fast for the British economy. Inflation has soared to the highest level in a decade, breaching 5% months earlier than expected. The headline figure masks much steeper rises for everyday items – the cost of apples and pears is up 25% in a year.
Meanwhile, consumer confidence is evaporating as the coronavirus Omicron variant spreads through the population with unprecedented pace.
Both will be front of mind for the Bank of England on Thursday as it weighs up whether to raise interest rates in the week before Christmas. With the economy appearing to blow hot and cold, and the outlook shifting by the day, it could be the toughest call in the rate-setting monetary policy committee’s 24-year history.
Official figures for November
Read more on theguardian.comAbout this in other media
MH17: Life sentences demanded for quartet accused of downing passenger jet over eastern Ukraine euronews.com /2 years ago
COVID: New Year's Eve parties in London and Scotland scrapped amid Omicron surge euronews.com /2 years ago
EU has ‘limited’ appetite for post-Brexit migration deal with UK theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
