Rolling coverage of the latest economic and financial news, as the OECD cuts UK growth forecasts to back of G7 pack for 2025 ...

Global forecast contrasts with downbeat assessment for a British economy constrained by high interest rates, price rises and ...

It also predicts the Bank of England's Monetary Policy Committee (MPC) will start cutting interest rates – which currently ...

The Organisation for Economic Co-operation and Development (OECD), downgraded its forecast for UK growth from 0.7 per cent to ...

A Santander online outage is affecting thousands of UK customers. Over 2,000 reports have been made on Downdetector - ...

The OECD anticipates inflation will be "elevated" at 3.3% in 2024 and 2.5% in 2025 - above the Bank of England's 2% target.

Some banks are unable to quantify their exposure to private equity, the Bank of England has found, in the latest warning that ...

The Met Office has also said Thursday could be the warmest day of the year so far after warnings for heavy rain and thunder ...

The Bank of England should be wary of cutting rates too soon after years of above-target inflation, a senior policymaker has ...

The Organisation for Economic Co-operation and Development (OECD) has downgraded its UK growth projections for 2024 and 2025, ...

Britain's economy will grow slower this year and next than thought only a few months ago and it will suffer higher inflation ...

The Met Office has also said Thursday could be the warmest day of the year so far after warnings for heavy rain and thunder ...