Economy
The latest news, updates and opinions on Economy from the expert team here at MoneyWeek
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UK inflation slowed again in March – but a rate cut could be some months away
The latest Consumer Price Index (CPI) data came in at 3.2% for March. This was slightly higher than some economists expected, but takes us closer to the Bank of England’s 2% inflation target.
By Katie Williams Published
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ONS wage growth data puts Bank of England UK interest rate cuts into doubt, analysts warn
News ONS wage growth data has shown earnings are continuing to rise at an inflation-busting rate. It means cuts to the base rate may come later in the summer
By Henry Sandercock Published
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What does conflict in the middle east mean for oil prices and the economy?
Tensions in the middle east escalated over the weekend with Iran’s drone and missile strike on Israel – but oil prices fell lower on Monday morning. What’s next for inflation and the economy?
By Katie Williams Published
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UK GDP growth 'could keep interest rates high', analysts warn
News UK GDP growth was registered as being 0.1% in February. But, there are concerns it could delay Bank of England interest rate cuts.
By Henry Sandercock Published
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When will interest rates fall? Latest Bank of England predictions
Briefings The Bank of England has held interest rates at 5.25% for six months. But when could the base rate go down?
By Ruth Emery Last updated
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Could a rise in US interest rates hike the Bank of England base rate?
JPMorgan Chase CEO Jamie Dimon has warned US interest rates could rise due to inflation. But what impact could this have on the Bank of England’s decision-making?
By Henry Sandercock Published
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Non-essential consumer spending falls to lowest levels since September 2022
Consumer spending hit an 18-month low in March amid spike in housing costs and damp weather, Barclays reveals
By Oojal Dhanjal Published
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Shop price inflation falls to lowest level ‘since cost of living crisis began’
The British Retail Consortium (BRC) measure of shop price inflation shows consumer prices fell last month compared to February.
By Henry Sandercock Published
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What is Elon Musk's net worth?
Analysis Elon Musk is the enigmatic billionaire behind Tesla, Space X and most recently, Twitter. But how did he make his fortune?
By Jacob Wolinsky Last updated
Analysis