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Bank of England Interest Rate Outlook: What UK Households Need to Know

  • Written by James Skinner

Bank of England rate hike expectations

The Bank of England (BoE) Bank Rate remains at a historic low but the outlook for it has changed and there is now every chance it could begin to rise toward more typical levels in the near future, although the reasons for why and likely timing of any such change are widely misunderstood as well as sometimes misreported.

Read more: Bank of England Interest Rate Outlook: What UK Households Need to Know

UK GDP Jump Likely to Prove Short-lived: Economists

  • Written by Gary Howes

UK economy

UK GDP grew 0.4% month-on-month in August 2021 as the economy began to expand again following a 0.1% decline in July, however some economists warn growth has almost certainly flatlined since then.

Read more: UK GDP Jump Likely to Prove Short-lived: Economists

"Fuel or Food" Crisis Looms: Food Foundation

  • Written by Gary Howes

Food crisis

Increases in fuel and food prices mean people will have to choose between eating and heating in the coming months and this will likely be worse for households with children, says the Food Foundation.

Read more: "Fuel or Food" Crisis Looms: Food Foundation

Strong Jobs Report Keep Alive Rate Hike Expectations

  • Written by Gary Howes

UK wages and jobs

The latest UK labour market data suggest the UK is all but likely to avoid a major increase in unemployment following the ending of the government's furlough scheme in September, paving the way for a Bank of England interest rate hike.

Read more: Strong Jobs Report Keep Alive Rate Hike Expectations