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The Latest Breaking News from Suren Thiru

Surprise inflation dip provides ‘respite’ for Chancellor amid market turmoil

Chancellor of the Exchequer Rachel Reeves said she will ‘fight every day’ to improve people’s living standards.

Evening Standard

Bank of England cuts interest rates to 4.75% – but mortgages still set to rise

But experts forecast Rachel Reeves’s first Budget will drive up inflation over next two years

The Independent UK

Housing market ‘set for confidence boost following base rate cut’

Some experts said the Bank of England base rate cut from 5.25% to 5% will help to give confidence to home buyers and sellers.

The Independent UK

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read the most diverse news in one place.

Bank of England set to rain on hopes of interest rate cut after economic bounce

This week’s Bank meeting is unlikely to bring borrowers any joy amid a strong recovery from 2023’s mild recession

The Guardian - UK

Sticky UK inflation puts Rishi Sunak’s target in jeopardy

Ministers face anxious wait and consumers more pain on prices as September rate stays steady

The Guardian - UK

US inflation sticks at 3.7%; UK recession fears linger despite August growth; Ikea to cut prices – as it happened

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

The Guardian - UK

Cost of living rising at fastest rate in 40 years as inflation hits 9%

A big rise in inflation has come after energy bills soared in April but there is a warning that it may get worse

Chronicle Live

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High prices and low growth should nip UK and eurozone interest rate rises in the bud

Central banks talk tough about tackling inflation, but raising borrowing costs now risks plunging us into recession this year

The Guardian - UK

More UK firms expect to raise prices than at any time since 1980s

British Chambers of Commerce survey suggests inflation surge will escalate further in coming months

People

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