Three more interest rate rises loom after Bank’s rate shock
Interest rates are expected to quadruple within months after the Bank of England put up borrowing costs for the first time since Covid hit in a scramble to stave off runaway inflation.
ECONOMY
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ECONOMY
December 17, 2021 -
ECONOMY 
December 16, 2021 Bank of England preview: Nightmare on Threadneedle Street as MPC poised for big decision on rates
Its Monetary Policy Committee will decide at noon tomorrow, but the best guess is that it will hold them at 0.1%. The pressure on it is rising, especially after today’s surging inflation figures. Inflation is running at 5.1%. That is more than twice 2% the Bank’s target rate. Many in the City think it has got this all wrong.
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ECONOMY
December 15, 2021 How BoE’s Bailey upset traders and set UK bond markets adrift
LONDON (Reuters) – As the Bank of England’s policy decision was announced on Nov. 4, gasps were heard on some London trading floors.
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ECONOMY
December 13, 2021 State pension UK: Payments cannot be boosted if you claim certain benefits – full list
State pension payments will be increasing by 3.1 percent from April, with the full amount rising to £185.15 per week. However, where people defer their claims, they may be able to increase the payments beyond even this “full” amount.
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ECONOMY
December 12, 2021 Banks plan 50-YEAR home loans: Bank of England to relax mortgage rules to help first-time buyers in move that could send house prices soaring
Mortgage lenders are preparing to launch a raft of new products with lower hurdles for borrowers and fixed-rate terms of up to 50 years, The Mail on Sunday has learned.
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ECONOMY
December 11, 2021 Every home to get 100 euro subsidy on electricity bills in New Year
Households will see 100 euro knocked off their first electricity bills of the year under proposals being brought to Cabinet next week.
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ECONOMY
December 10, 2021 UK trade has shrunk since Brexit while EU thrives – data
Since Brexit manifested early this year, the Government has attempted to reforge the many trade deals it held as an EU member. Liz Truss has helped establish several since January 1, setting off ambitious targets to cover 80 percent of UK trade with free trade agreements by 2022. But data from the Bank of England shows that, despite her efforts, the […]
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ECONOMY
December 9, 2021 Rolls-Royce upbeat on cash outflow on market rebound, cost cuts
(Reuters) -Rolls-Royce expects its free cash outflow in fiscal year 2021 to be better than the previous guidance of 2 billion pounds ($2.64 billion) due to cost cuts and a recovery in the broader market, the British engineering group said on Thursday.
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ECONOMY
December 8, 2021 TfL funding crisis: 500 London Tube station jobs to be cut
A huge cull of Tube station staff was announced on Tuesday as Transport for London was forced into unprecedented cuts in a bid to save cash.
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ECONOMY
December 6, 2021 Donald Trump says new social media company has raised $1bn
Donald Trump’s social media company says it has agreements in place to raise $1bn from investors ahead of a US stock market listing.
