The Bank has also stopped giving guidance that more rates are on the way, and instead replaced that wording with an assurance that it will respond “forcefully” to any signs that inflation is becoming persistent. Three members of the nine member committee voted for an even bigger rise of 0.5%, in the aftermath of the bumper 0.75% rise in rates in the USA overnight. The Bank pointed to measures of core inflation, which strip out volatile energy prices for example, being significantly higher in the UK than in the euro area.
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Liberty Steel to sell Stocksbridge plant to pay off lender
admin, , Business, 0
However, Liberty Steel insiders conceded that the launching of investigations into the relationship between Liberty and its now-defunct backer,...
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Hospitality bosses lose court battle over indoor opening
admin, , Business, 0
Mr Osmond, a former director of Pizza Express, said: “This case is not ‘academic’ for an industry that is...
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Elon Musk makes offer to buy Twitter
admin, , Business, 0
He has suggested changes to the Twitter Blue premium subscription service, which was launched last year in Canada and...
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EE tells parents: don’t give under-11s smartphones
admin, , Business, 0
One of the UK’s largest mobile network providers is advising parents not to give primary school-aged children their own...
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Contactless card limit to rise to £100 in October
admin, , Business, 0
“Raising the contactless card limit to £100 would likely make card theft more attractive, increasing a broad range of...
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Retailers call for ‘Shop Out to Help Out’ scheme when stores reopen
admin, , Business, 0
She and her business partner Kim will spend up to £1,000 on reopening promotional activities, including giving away a...
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Retail sales rebound in January as Omicron eases
admin, , Business, 0
“The solid rise in retail sales volumes in January adds to the signs that the Omicron-induced hit to activity...
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Biden administration threatens tariffs on UK goods in ‘tech tax’ row
admin, , Business, 0
Meanwhile Adam Mansell, head of the UK Fashion & Textile Association (UKFT), called the threat to UK-made overcoats “hugely...
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