UK construction activity declines at fastest pace for over five years

U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month ...

ECB's VP de Guindos: Marginally More Optimistic On Growth - Inflation News Is Positive - Much More Optimistic With Regard To Services Inflation - Evolution Of Wages Fully Aligned With Projections ECB's VP de Guindos: Growth Risks Are Now Much More Balanced - Level Of Uncertainty Huge - Comfortable With Current Level Of Interest Rates - We Believe That Undershooting Will Be Temporary - Convergence To 2% Is Now The Baseline ECB'S DE GUINDOS: NO DISCUSSION ON MODIFYING QT

At its meeting ending on 5 November 2025, the Monetary Policy Committee voted by a majority of 5–4 to maintain Bank Rate at 4%. Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%. CPI inflation is judged to have peaked. Progress on underlying disinflation continues, supported by the still restrictive stance of monetary policy. This is reflected in an easing of pay growth and services price inflation. Underlying disinflation is being underpinned by subdued economic growth and building slack in the labour market. Monetary policy is being set to balance the risks around meeting the 2% inflation target sustainably. The risk from greater inflation persistence has become less pronounc *BANK OF ENGLAND HOLDS KEY INTEREST RATE AT 4% IN 5-4 VOTE BOE MPC: MORE EVIDENCE IS NEEDED TO BE SURE THAT CPI IS ON TRACK TO RETURN TO 2%. BOE: PROGRESS ON DISINFLATION INDICATES BANK RATE LIKELY TO CONTINUE GRADUAL DOWNWARD PATH: "GRADUAL AND CAREFUL APPROACH" TO FURTHER WITHDRAWAL OF MONETARY POLICY RESTRAINT... Bank of England keeps key interest rate unchanged at 4% as inflation remains markedly above target The Bank of England has kept its main interest rate unchanged at 4% as inflation in the U.K. remains markedly above target and policymakers await this month’s budget from the U.K. government, which could be one of the most consequential in years. Thursday’s decision by the nine-member rate-setting body was widely anticipated, though some economists thought there was a chance that borrowing rates would be reduced by a further quarter of a percentage point. The vote was tight though, with five voting for unchanged rates and four backing a cut. “We still think rates are on a gradual path downwards, but we need to be sure that inflation is on track to return to our 2% target before we cut them