Wage growth accelerates to 5.6% in new headache for the Bank of England - The surge will complicate the Bank of England’s decision on interest rates next month

The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.

The Bank of England's Monetary Policy Committee (MPC) uses interest rates to put a brake on the nation's spending.

Latest job market data from the ONS shows that wages grew faster than inflation from September to November, but also reveal a worrying rise in unemployment rates

Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month

The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

The surge in wages, coupled with companies reducing their workforce, “muddies the picture” for the Bank of England in terms of deciding whether to cut interest rates, according to the Resolution Foundation.

The fall in the headline rate of inflation from 2.6 percent to 2.5 percent was unexpected and positive news for the Chancellor Rachel Reeves.

Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut

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However, it means the Consumer Prices Index (CPI) - the main measure of inflation - remains stubbornly above the Bank of England’s target of 2%. The Office for National Statistics (ONS ...

Wisdom acquired around the kitchen table of a Yorkshire mining household helped to shape Professor Alan Taylor’s view of economics.