Below you'll find a list of all posts that have been tagged as “Bank of England”
Jeremy Hunt is aiming to invigorate UK public markets with an additional £5,000 ISA allowance. Jeremy Hunt has introduced a new British ISA in his Spring Budget, which will allow an additional £5,000 ISA allowance for investment in ‘promising UK businesses’. The new ISA allowance will sit alongside the £20,000 that can be invested across other ISA wrappers currently available. …
The latest reduction follows a cut from 12% to 10% announced at the Autumn Statement last year. Chancellor Jeremy Hunt has announced a 2 percentage point cut to the the main rate for employee National Insurance from 10% to 8%. The move to take another 2p off the Class 1 rate, expected to cost the government around £10 billion, doubles …
UK headline CPI inflation came in lower than expected for January at an annual 4.0% – against the consensus forecast for 4.2%. That means inflation remained level at 4.0% from December, with prices falling by -0.6% in monthly terms. Core CPI inflation (excluding energy, food, alcohol and tobacco) also held steady month-on-month at 5.1% while CPIH inflation, which includes owner …
The Bank’s Monetary Policy Committee has held rates for a third consecutive time. The Bank of England’s Monetary Policy Committee has voted 6-3 to maintain Bank Rate at 5.25%. Two members voted to increase Bank Rate by 0.25 percentage points, while one member preferred to reduce Bank Rate by 0.25 percentage points, to 5%. Interest rates have now been at …
‘The Bank of England now certainly faces a less daunting task’ The UK Consumer Prices Index (CPI) has dropped to 3.9% in the year to November 2023, according to data from the Office for National Statistics released today (20 December). The fall defied expectations, as economists had forecast inflation to decrease to 4.4% for the month from 4.6% in October …
Chancellor pledges to give workers the legal right over where employers pay contributions Chancellor Jeremy Hunt has announced he will consult on “pot for life” pensions reforms. In the Autumn Statement today (22 November) Hunt said the government would consult on giving pension savers a “legal right to require a new employer to pay pension contributions into their existing pension”. …
