Tom Rees
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UK Economy Maintains Solid Recovery As Services Aid Growth
Gross domestic product rose 0.6% in the second quarter after an 0.7% gain in the first three months of the year, the Office for National Statistics said Thursday.
- Thursday August 15, 2024
- Author: Tom Rees, Andrew Atkinson
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UK Economy Maintains Solid Recovery As Services Aid Growth
Gross domestic product rose 0.6% in the second quarter after an 0.7% gain in the first three months of the year, the Office for National Statistics said Thursday.
- Thursday August 15, 2024
- Author: Tom Rees, Andrew Atkinson
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BOE’s Broadbent Says UK Interest Rates May Drop This Summer
Bank of England Deputy Governor Ben Broadbent said UK interest rates may be cut this summer so long as economic data continues to evolve as officials expect.
- Tuesday May 21, 2024
- Author: Philip Aldrick, Andrew Atkinson, Tom Rees
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Andrew Bailey Signals Bank of England May Cut Rates More Quickly Than Expected
The Bank of England sent its clearest signal yet that it was closing in on interest rate cuts, with Governor Andrew Bailey indicating markets were underpricing the pace of easing in the months ahead.
- Thursday May 9, 2024
- Author: Philip Aldrick, Greg Ritchie, Tom Rees
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Andrew Bailey Signals Bank of England May Cut Rates More Quickly Than Expected
The Bank of England sent its clearest signal yet that it was closing in on interest rate cuts, with Governor Andrew Bailey indicating markets were underpricing the pace of easing in the months ahead.
- Thursday May 9, 2024
- Author: Philip Aldrick, Greg Ritchie, Tom Rees
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Bailey’s Rate-Cut Plan Is Set To Differ From Powell’s
The UK central bank is widely expected by economists to keep rates at a 16-year high of 5.25%
- Sunday May 5, 2024
- Author: Tom Rees, Craig Stirling
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Bailey’s Rate-Cut Plan Is Set To Differ From Powell’s
The UK central bank is widely expected by economists to keep rates at a 16-year high of 5.25%
- Sunday May 5, 2024
- Author: Tom Rees, Craig Stirling
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BOE’s Haskel Warns of Slow Loosening in UK’s Labor Market
Bank of England rate-setter Jonathan Haskel warned that the “very tight” labor market is loosening only slowly and will be the key to bringing down inflation.
- Tuesday April 23, 2024
- Author: Tom Rees
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BOE’s Haskel Warns of Slow Loosening in UK’s Labor Market
Bank of England rate-setter Jonathan Haskel warned that the “very tight” labor market is loosening only slowly and will be the key to bringing down inflation.
- Tuesday April 23, 2024
- Author: Tom Rees
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BOE Chief Economist Says He’s Cautious On Interest Rate Cuts
Bank of England Chief Economist Huw Pill said he’s erring on the side of caution in deciding when to cut UK interest rates, saying officials need to remain on guard for risks that inflation persists.
- Tuesday April 23, 2024
- Author: Philip Aldrick, Tom Rees, Irina Anghel
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BOE Chief Economist Says He’s Cautious On Interest Rate Cuts
Bank of England Chief Economist Huw Pill said he’s erring on the side of caution in deciding when to cut UK interest rates, saying officials need to remain on guard for risks that inflation persists.
- Tuesday April 23, 2024
- Author: Philip Aldrick, Tom Rees, Irina Anghel
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UK Economy Is Growing Again In All Major Sectors, Survey Shows
A rapid recovery would give a boost to Prime Minister Rishi Sunak in the election likely to happen later this year.
- Friday April 5, 2024
- Author: Tom Rees
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UK Mortgage Approvals Hit 15-Month High As Borrowing Jumps
The number of mortgages given the green light by UK lenders rose to a 15-month high in January, adding to signs that the housing market is gathering momentum.
- Thursday February 29, 2024
- Author: Tom Rees
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BOE Policymaker Greene Signals She Is Not Ready To Back Rate Cuts Yet
Bank of England policymaker Megan Greene said she needs more evidence that UK inflation is becoming less entrenched before she can back interest-rate cuts.
- Thursday February 22, 2024
- Author: Tom Rees
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BOE Policymaker Greene Signals She Is Not Ready To Back Rate Cuts Yet
Bank of England policymaker Megan Greene said she needs more evidence that UK inflation is becoming less entrenched before she can back interest-rate cuts.
- Thursday February 22, 2024
- Author: Tom Rees