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.
About Author
More Stories
Boeing production in 2024 expected to be less than half of rival Airbus
Apple asks investors to block proposal to scrap diversity programmes
Axos Financial: how the US bank became one of Trump’s biggest backers