Were it not for the upcoming budget, interest rates could have been cut

Were it not for the upcoming budget, interest rates could have been cut

Food inflation, cyberattacks, and global trade factors are among the factors being considered by the rate-setters at the Bank of England.

Were it not for the upcoming budget, interest rates could have been cu

Perhaps it’s not surprising that, the day after Guy Fawkes night, the Bank of England held off from lighting any economic fireworks at Threadneedle Street on Thursday. No interest rate cut. No dramatic change to the economic forecast. Money blog: Good news for mortgage holders could be on way After all, the budget is coming up in only a few weeks and it threatens to be a very big one indeed, chock full of tax rises and spending cuts that could c…