The Monetary Policy Committee of the Bank of England has voted to cut interest rates by 25 basis points to 4.25%. After holding at 4.5% last month…
“The MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 4.25%. Two members preferred to reduce Bank Rate by 0.5 percentage points, to 4%. Two members preferred to maintain Bank Rate at 4.5%.” Interesting split…
The BoE notes: “underlying UK GDP growth is judged to have slowed since the middle of 2024, and the labour market has continued to loosen.” Tariff uncertainty weighing heavy on the analysis…
Speaking to Sky News off the back of Rachel Reeves’ Air Passenger Duty hike, Ryanair chief executive Michael O’Leary said:
“Labour is dependent on those Red Wall seats, and yet every move she makes poisons economic growth and damages the UK’s recovery… it’s the Chancellor who stumbles from policy misstep to policy misstep… I think her policy decisions are incredibly stupid.”