The European Union to investigate if TikTok breached online content rules aimed at protecting children, as Andy Haldane urges central bank to consider interest-rate cuts
Failure to fix council funding crisis threatens Tory election pledge, adviser warns
Analysts at Goldman Sachs predict the Bank of England will cut interest rates in May.
They point out that last week’s flurry of economic data showed the UK unemployment rate fell to 3.%, while retail sales rebounded by 3.4% – and inflation was lower than expected at 4%.
In sum, the tighter labour market and increased sales activity would skew risks towards a first cut in June.
Even so, the January inflation print surprised to the downside and supports our economists’ expectation of a first cut in May.
Car and home insurance premiums have increased significantly because of the rising cost of claims.
More Stories
Porsche reports steep fall in orders from Europe and China
Will Trump’s tariff chaos be China’s gain in global trade wars?
Couple who ran Swedish eco-resort say 158 barrels of human waste left behind was ‘very normal’