Significant churn in the UK workforce is likely to drive wage inflation, as one new survey suggests more than three quarters of respondents intend to look for a new job in 2022.
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Orders placed with UK factories have risen to their highest level on record, while price expectations have also soared and point to ongoing inflationary pressures.
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A fervently anticipated Bank of England decision to begin lifting interest rates would be symbolic of success at steering the economy through the recent crisis, one of the BoE’s nine rate setters s…
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The latest set of government spending and borrowing data from the ONS was not as cheery as some economists had expected, largely because the cost of servicing debt is rising rapidly in line with su…
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UK small and medium-sized businesses have reported rising confidence levels, with new payment data showing transactions are above where they were ahead of the pandemic.
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Governor of the Bank of England Andrew Bailey said it remains vital that the Bank emphasises the significance of inflation in its policy decisions and all meetings are in-play for a rate hike.
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Despite coming in for some criticism, Bank of England Governor Andrew Bailey might be pleased with his recent work: he has pushed back expectations for a rate hike to February.
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