News

Yesterday the Bank of England has maintained interest rates at 3.75%, while indicating that further increases may be required if the ongoing energy shock linked to the conflict in Iran continues to place upward pressure on global prices and, in turn, UK inflation. At its latest meeting, the Monetary Policy Committee (MPC) voted 8–1 to keep rates unchanged for a third consecutive time. The sole dissent came from Huw Pill, the Bank’s Chief Economist, who supported a 0.25 percen

Since I last wrote, economic news continues to be dominated by Middle Eastern tensions, much to the relief of our Prime Minister who would otherwise be front and centre of just about every newspaper, every day this week. He must have thought a few months ago that he was through the worst of his political nightmare. Apparently not. Since stories concerning a resolution to the Iranian conflict surfaced two weeks ago and markets surged, the last fortnight has reflected the deepe