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Pound falls as Bank of England governor says it could become ‘more activist’ on rate cuts – business live

Claudio Ctin6 hours ago5 hours ago1 mins

Andrew Bailey tells the Guardian the Bank could become a “bit more aggressive” in cutting interest rates if news on inflation continued to be good Bank of England governor warns of Middle East oil shock risk Today’s fall means the pound has now lost all its gains against the dollar over the last two weeks,…

Rachel Reeves warned that cutting investment would damage ‘foundations of UK economy’ – business live

Claudio Ctin2 weeks ago2 weeks ago1 mins

Eight leading economists warn that further cuts to public investment must be avoided, while Rightmove reports jump in house asking prices The introduction of the new Labour government has yet to result in an immediate boost in manufacturing performance but businesses are expecting greater political stability will drive better performance across the coming year. Make…

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