In opposition, Rachel Reeves seemed to have all the answers to Britain’s economic woes. To many, she also exuded calm, credibility and competence. How appallingly wrong such judgments look now. With ...

The Times also says the Bank's alert is a setback for Reeves as it says there was a warning of a new squeeze on living ...

Labour, which campaigned on a pledge to promote growth, has created a new era of 'stagflation' - a devastating combination of ...

THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...

The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.

Abby Thomas has stepped down as head of the Financial Ombudsman Service The head of a leading consumer watchdog has been ...

The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...

Work and Pensions Secretary Liz Kendall told ITV News' Anushka Asthana the number of people saying they can't work when they ...

Bank of England cuts interest rates to 4.5% but UK growth downgraded - Bank MPC votes to cut borrowing costs but also slashes short-term growth forecasts for economy in blow to Rachel Reeves ...

Abby Thomas, the chief executive and chief ombudsman of Britain's Financial Ombudsman Service, is stepping down after more than two years. The announcement comes amid increased pressure from finance ...

The value of the pound dropped sharply after the Bank of England announced a cut to interest rates in a new blow for ...

Abby Thomas has stepped down following criticism over the ombudsman service’s role in the motor finance commission scandal.