Markets price in even chance of further Bank of England interest rate increase

In fact, the U.K. could actually expect to see lesser levies, or indeed immunity, from the plans, according to Capital Economics’ chief U.K. economist, Paul Dales. “I suspect there is some ground for...

Paul Dales, chief U.K. economist at Capital Economics, said the plans were likely to be measured over the coming months and years in terms of how successfully economic growth holds up against the OBR...

Paul Dales, at the consultancy Capital Economics, said the steadying of pay growth in private sector pay suggested that the BoE would continue to lower borrowing costs gradually.