Interest Rates - Business Outrank

Former Bank of England Deputy Governor Charlie Bean recommends that UK interest rates should decrease to 4% in May to protect the economy from Donald Trump's extensive trade tariffs. The current global stock market downturn has caused business and consumer confidence to deteriorate thus prompting the recommendation for a half-point interest rate reduction. The “crazy situation” caused by Trump’s tariffs requires the central bank to take bold action according to Bean who previously supported higher interest rates. The prolonged uncertainty will cause businesses to delay investments while consumers reduce spending which might push the UK into economic recession. The Bank should take immediate action with an emergency rate reduction according to David Blanchflower before its 8 May meeting. The decline of consumer confidence requires immediate attention because it leads directly to a recession according to Blanchflower. The current market expectations indicate a 0.25% rate reduction but Bean advocates for a stronger action similar to the 1.5% emergency reduction implemented during the 2008 crisis. The Office for Budget Responsibility predicts that UK economic contraction will reach 1% if the trade conflict continues.

What's Hot

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

A Joyous Union Celebrated by the Upadhyay Family

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Interest Rates

UK Interest Rates Should Drop to 4% Amid Global Tariff Shock, Say Experts

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

A Joyous Union Celebrated by the Upadhyay Family

Burning Truths: Drax Under Fire for Using 250-Year-Old Trees in Biomass Operations

Our Picks

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

A Joyous Union Celebrated by the Upadhyay Family

Most Popular

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

Top 10 World Best Business Opportunities In The World

Shaping The Future: Unmasking the energetic universe of innovative Startups

Subscribe to Updates

What's Hot

Browsing: Interest Rates