Sunak is gambling on a better economy in 2024
Though the economic numbers are improving, an autumn election may not be such a good idea.
ByInterest rates
Interest rates are the amount of interest, payment from a borrower to a lender of an amount more than the principal sum at a rate, due per period as a proportion to the principal sum. Find all our latest news, comment and analysis on interest rates here.
Inflation down, pay up? Don’t believe the hype
Today’s inflation figures show price increases were slightly outpaced by wage growth. But Britain is still in its long recovery…
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Is anybody running the Bank of England?
It’s the young and poor who pay for their relentless hike of interest rates.
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Is the Bank of England raising interest rates too far?
The base rate has risen to 5.25 per cent. Will it do more harm than good?
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The Bank of England has lots more pain to inflict
Inflation is rising less fast than expected – but that may not be much help.
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The election will be a fight between work and wealth
A significant chunk of the country is insulated from the pain of rate hikes: those who own property outright.
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Partner content
Why collaboration is the key to growth
A New Statesman event on the UK economy brought government and opposition politicians face to face with industry leaders.
The Bank of England is complicit in the Tories’ economic failures
Andrew Bailey incurs the public’s wrath for today’s economic pain, but his predecessors have questions to answer as well.
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Broke Britannia
Britain is trapped in a cycle of inflation and economic pain. What will it take to break it?
By The illusion of prosperity is over
Politicians can no longer count on low inflation to mask the structural flaws of the British economy.
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An “essentials guarantee” can end the need for food banks
Around 11.3 million people in the UK face hunger due to lack of money.
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The mortgage crisis is an existential threat to the Tories
If the Conservatives start to lose homeowners, their future is imperiled.
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The age of cheap money is over
As interest rates surge, Britain needs a new economic model not based on a toxic housing market.
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Why has the UK so far avoided recession?
Consumer spending, government support and lower energy prices have propped up growth.
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Higher UK bond yields do not prove that Liz Truss was right
Unlike his predecessor, Rishi Sunak has not lost the confidence of the markets.
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Chancellor’s adviser says Tories and Labour “lack boldness” on spending
Andy Haldane would “press pause” on interest rates and stop telling workers not to demand pay rises.
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Interest rates are fuelling a great banking rip-off
As the Bank of England tries to fight inflation, commercial banks are enjoying bumper profits.
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Are zero interest rates coming back?
Did the IMF really predict the return of zero rates, or has it been misread?
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Why Britcoin isn’t the answer to a banking crisis
We should be wary of suggestions that centralise the risk in depositing and lending money.
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Interest rates have not peaked
Persistent core inflation and a recovering economy mean further hikes are likely.
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