Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley

The Bank rate is already low and Brexit overshadows everything, but look elsewhere too – the global economy is not in good healthCall it a full house of poor economic news. The services sector is contracting, according to the purchasing managers’ index…

Read more

Bank of England hints at interest rate cut even without no-deal Brexit

MPC’s Michael Saunders says businesses think uncertainty will last well into 2020The Bank of England may have to cut interest rates even if a no-deal Brexit is avoided on 31 October, according to a member of the rate-setting monetary policy committee.M…

Read more

Interest rate cut more likely due to Brexit uncertainty, says Bank

Bank of England leaves rates on hold but signals that could change in near future Brexit uncertainty and the slowdown in global growth has weakened the economy and made an interest rate cut more likely, the Bank of England has said.The central bank sai…

Read more

UK factories facing biggest slowdown since financial crisis, says CBI

Brexit fears and slow global growth have hit output in manufacturing sectorA double whammy of Brexit uncertainty and a slowdown in global trade has seen order books in Britain’s factories shrink at their fastest pace since the financial crisis, the CBI…

Read more

UK factories facing biggest slowdown since financial crisis, says CBI

Brexit fears and slow global growth have hit output in manufacturing sectorA double whammy of Brexit uncertainty and a slowdown in global trade has seen order books in Britain’s factories shrink at their fastest pace since the financial crisis, the CBI…

Read more

Prices rise for British tourists as Brexit puts the pound in the shade

Fighting talk on Brexit from Jeremy Hunt and Boris Johnson has inevitably hit the value of sterlingSun, sea and sinking sterling. News of a fresh decline in the value of the pound was greeted with forbearance by travellers at Luton airport last week. T…

Read more

Bank of England holds interest rates at 0.75% amid Brexit chaos

Bank warns of increasing risks for economy because of impasse over UK’s exit from EUThe Bank of England has warned that continuing Brexit uncertainty and the prospect of further delay until the summer is serving as a brake on the economy, as it left in…

Read more

Cost of Brexit to UK economy running at £40bn a year – Bank rate-setter

Gertjan Vlieghe’s estimate of weekly bill, £800m, is more than double battlebus ‘bonus’ The cost of Brexit to the British economy is running at £40bn a year and a damaging no-deal scenario could force an emergency cut in interest rates, according to a …

Read more

UK economy set for worst year since financial crisis, says Bank of England

Bank cuts growth forecast for 2019 as Brexit worries spread from companies to consumersThe Bank of England has warned the economy is on course for its weakest year since the global financial crisis, as evidence suggests Brexit jitters are spreading fro…

Read more