Topic
EconomicGrowth
2 stories, newest first.
WorldBank of England set to hold interest rates at 3.75% on 30 July
The Bank of England is expected to keep the base interest rate at 3.75% at its 30 July meeting, despite rising oil prices and renewed Middle East conflict. Inflation fell to 2.6% in June, but economists warn of potential future increases due to energy costs and geopolitical risks.
5 min readTrust 40 · Craft 55 · Hype 35
WorldThink Tank Warns on Funding for Cost-of-Living Support
The National Institute of Economic and Social Research (Niesr) has cautioned the new government against increasing borrowing to fund cost-of-living measures. They suggest tax hikes or spending reductions as necessary alternatives, forecasting persistent inflation and stable interest rates.
3 min readTrust 42 · Craft 55 · Hype 30