UK consumer confidence tumbles in anticipation of ‘painful’ Budget

Analysts said the figures supported the case for the Bank of England to continue cutting interest rates in November, following its decision in August to reduce the benchmark rate to 5 per cent. Ashley...

Ashley Webb, economist at consultancy Capital Economics, said the expansion in August, after the economy failed to grow in three of the four previous months, “lends some support to our view that a...

Ashley Webb, a UK economist at Capital Economics, is more bullish given his belief that interest rates will come down quicker than expected next year. “Our view that the Bank of England will cut...