ITV is conducting an investigation into claims of inappropriate and intimidating behaviour by TV chef Gino D’Acampo, following accusations regarding his conduct over a period spanning more than a decade.
The BOE’s gloomy growth forecast has undermined Reeves’s plans, overshadowing any potential boost from the interest rate cut.
Faced with a rate cut and warnings of stagflation undermining growth plans, Reeves’s proposals have encountered a damaging setback while the PM proclaims the economy can be bolstered within six months.
Following the Bank of England’s revised forecasts of higher inflation and slower growth, Reeves faces mounting calls to bolster the UK economy through potential tax amendments, while Starmer claims millions may benefit from reduced mortgage costs and the Bank’s governor partly attributes sluggish performance to budgetary factors.
Britain faces renewed fears of stagnation after the Bank lowered interest rates yet still projected weak growth and mounting prices, prompting criticism of Labour’s fiscal approach.
The Bank of England Governor has warned that an excessively large public sector is hindering economic growth, with forecasts now slashed in half and concerns mounting over the nation’s fiscal outlook.
The Bank’s decision to halve the UK’s growth forecast to 0.75% has been branded “putrid” by prominent voices, intensifying pressure on the Chancellor and raising speculation of political reshuffles.
The Bank of England has reduced interest rates to 4.5% but has also cut its economic growth forecast for the year to 0.75%, citing unexpected pressure from inflation and unemployment, putting additional scrutiny on Chancellor Rachel Reeves’ economic strategy.
Scientists suggest that adopting a relaxed approach to daily life, with plenty of rest and minimal overexertion, may increase overall longevity.
The Bank of England has halved its growth outlook, triggering a rate cut that boosts the FTSE 100 to record levels, while sterling slides and concerns of economic stagnation pose a setback for Reeves.