Bank of England to Hold Rates as Middle East Conflict Fuels Inflation & Trump Dismisses Deal

Bank of England to Hold Rates as Middle East Conflict Fuels Inflation & Trump Dismisses Deal

The Bank of England is widely expected to hold interest rates steady at 3.75% when its Monetary Policy Committee (MPC) meets this Thursday, a shift in expectations prompted by escalating tensions in the Middle East and the ongoing conflict between the United States and Iran. Just weeks after economists anticipated a potential rate cut following … Read more

UK Unemployment to Surpass Pandemic High, JP Morgan Predicts | City A.M.

UK Unemployment to Surpass Pandemic High, JP Morgan Predicts | City A.M.

UK unemployment is forecast to surpass levels seen during the Covid-19 pandemic, according to a new analysis by JP Morgan, as businesses continue to grapple with the financial impact of tax increases implemented by Chancellor Rachel Reeves. The bank predicts the unemployment rate will reach 5.5 per cent by late spring, exceeding the 5.2 per … Read more