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Raising borrowing costs too far risks laying waste to whatever growth there is in the economy A head of steam is building up behind the Bank of England raising interest rates again. With the latest forecasts by the central bank showing inflation rising to 5% next spring, another increase in the cost of borrowing seems inevitable, and may come as soon as next…
Read the original story ↗‘We have further to go,’ says Huw Pill after increase to 4% this month as Bank seeks to tackle rising inflation The Bank of England will probably need to raise interest rates next month and again in early 2027 to combat rising inflation, its chief economist has said. Signalling a sharp rise in mortgage payments for an estimated 2.3 million homeowners who wil…
Read the original story ↗Signing of agreement to smooth movement of food, plants and animals next week will not recoup huge sums firms were forced to spend The removal of border checks and paperwork on plant imports will “dissolve” £60m of annual costs for the horticulture industry when the UK and EU’s new post-Brexit deal comes in, the environment secretary has said. Before the UK-…
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