Key Takeaway
PM’s push to cut cost of living is threatened by rising inflation and higher government borrowing costsBank of England holds interest ratesBusiness live – latest updatesGood luck to Andy Burnham convincing voters he is giving them “breathing space,” if the Bank of England ratchets up interest rates in the coming months. That was the prospect opened up by Thursday’s minutes…
Published September 17, 2026 · Category: News
Overview
PM’s push to cut cost of living is threatened by rising inflation and higher government borrowing costs
Good luck to Andy Burnham convincing voters he is giving them “breathing space,” if the Bank of England ratchets up interest rates in the coming months.
Details
That was the prospect opened up by Thursday’s minutes of the Bank’s monetary policy committee (MPC) meeting, which left rates unchanged at 3.75% – for now – but suggested policymakers may be unlikely to hold out much longer.
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Source
Originally published at www.theguardian.com.
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PM’s push to cut cost of living is threatened by rising inflation and higher government borrowing costsBank of England holds interest ratesBusiness live – latest updatesGood luck to Andy Burnham convincing voters he is giving them “breathing space,” if the Bank of England ratchets up interest rates in the coming months.That was the prospect opened up by Thursday’s minutes of the Bank’s monetary policy committee (MPC) meeting, which left rates unchanged at 3.75% – for now – but suggested policyma
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This story was reported by The Guardian World.