Category: Economy
Bank of England Chief Economist Warns Against Fast-Track UK Interest Rate Cuts
The Bank of England’s chief economist has voiced concern over cutting UK interest rates too aggressively. This comes as the bank recently lowered rates and faces pressure to boost the economy. He warns that moving too quickly could backfire for inflation and growth.
MoreTrump's Tariffs: A Looming Economic Shock for the UK Amid Limited Escape Routes
Trump's sweeping tariffs trigger a global economic shockwave, hitting the UK hard due to its limited fiscal tools amidst high borrowing and taxes. The government's pivot towards deregulation, including delaying green targets, aims to mitigate impacts but risks undermining environmental goals.
MoreEuropean Markets Plummet Amid Trump's Bold Tariff Imposition
Markets across Europe and Asia are reeling from President Trump's hefty tariffs, which he insists are vital for the U.S. economy, despite investor unrest. The financial shockwaves are causing widespread unpredictability, with notable figures like Israeli Prime Minister Netanyahu working to secure tariff exemptions. Meanwhile, China has promised vehement resistance, adding fuel to the escalating trade conflict.
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