Related topic: uk economy

Holding policy steady is preferable until the impact becomes clearer, Taylor says.

Markets are now pricing in the possibility of multiple interest rate increases this year.

7% of Baby Boomers have shifted assets into lower risk accounts amid economic and market pressures.

This comes amid continued disruption in the Strait of Hormuz and significant damage to energy infrastructure across the Gulf.

GDP is expected to grow more slowly this year but faster in 2027 and 2028, the latest OBR forecasts show.

57% of advisers feel ‘very confident’ on business outlook, but confidence in the wider mortgage market dips.

Lower inflation and interest rate cuts will help unlock money so it can be spent in the economy, Martins said.

Inflation has fallen from 3.4% in December to 3% in January.

Economists are now predicting further Bank Rate reductions 'sooner rather than later'.

Industry experts now say a February Bank Rate cut is now almost entirely off the table.