April 20, 2025

Bank of England

UK economy stagnant in third quarter in fresh setback

UK economy stagnant in third quarter in fresh setback

David Bale07 mins

Britain’s economy was stagnant in the third quarter, according to revised official data released Monday, dealing a fresh blow to the Labour government. ET Year-end Special Reads Gross domestic product showed zero growth in the July-September period, revised down from an initial estimate of 0.1 percent growth, the Office for National Statistics (ONS) said in…

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Bank of England interest rate decision confirmed & what it means for your money

Bank of England interest rate decision confirmed & what it means for your money

David Bale012 mins

THE BANK of England has opted to hold interest rates at their current level to the disappointment of homeowners. During today’s meeting of the Monetary Policy Committee (MPC), the BoE’s rate-setters kept the base rate at 4.75%. 1 The Bank of England has opted to hold interest rates at 4.75%Credit: Alamy Most economists had predicted the central bank to keep interest…

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