BIZARRE: 4 - What They Never Told You

Bank of England set to hold interest rates as inflation fuels cost of living fears

This would mark the sixth consecutive occasion the Monetary Policy Committee has chosen to freeze rates

The Independent UK · Sep 16

Bank of England set to keep interest rates on hold despite rising inflation

Most economists think the Bank’s Monetary Policy Committee (MPC) will opt to keep interest rates unchanged at its next meeting on Thursday.

Evening Standard · Sep 16

Burnham says he is prepared to make ‘difficult decisions’ ahead of Budget

Prime minister Andy Burnham has pledged that the Government will not take risks with living standards in the upcoming autumn Budget, following news that CPI inflation increased to a five-month high of 3.1% in August. Official figures from the Office for National Statistics show the rise from 2.9% in July…

The Independent UK · Sep 16

Mortgage ‘pain’ not easing for borrowers as average fixed rates climb

Moneyfacts said the choice of homeowner mortgage products has also reduced.

Evening Standard · Sep 15

UK retirees with no other income will not pay tax on new £13,000 state pension, No 10 says

Average wages rose by 3.9% in three months to July, signalling pensioners will receive uplift of same percentage in 2027 under triple lock

The Guardian - UK · Sep 15

Bank of England urged to slow or halt bond-selling to slash UK borrowing costs

Economists urge John Healey to press Bank to change policy that is costing the exchequer billions of pounds

The Guardian - UK · Sep 15

Nasdaq Futures Plunge as Chipmakers Sink on AI Slowdown Concerns, Fed Meeting Awaited

September Nasdaq 100 E-Mini futures (NQU26) are down -1.77% this morning as chipmakers came under heavy selling pressure after leaders of major AI companies called for a slower pace of AI development.

Barchart · Sep 14

Bank set to hold interest rates but ‘needs to be ready’ to act on inflation

Most economists are expecting the Bank’s Monetary Policy Committee to hold rates at 3.75% at its next meeting on Thursday.

Evening Standard · Sep 13

Why are we giving a £24bn-a-year subsidy to profitable commercial banks?

Letter: Gerald Holtham suggests that it time to cut the 3.75% that the Bank of England pays out on the lenders’ reserves

The Guardian - UK · Sep 10

Gold subdued on inflation worries, rate hike expectations

Gold prices fell on Wednesday as conflicts in the Middle East intensified. The surge in crude oil prices typically fuels inflationary pressures. Key U.S. inflation data is anticipated later this week, leading traders to predict a forthcoming interest rate increase from the Federal Reserve. Meanwhile, the Bank of England is…

The Economic Times · Sep 9