Bank of England expected to lower growth forecasts
LONDON — The Bank of England is expected to lower its economic growth forecasts and raise its expectations for inflation next year when it publishes its quarterly report on the economy today.
The bank’s anticipated revisions follow the change in government in Britain — the Conservative-led coalition that took power in May is implementing a series of spending cuts to lower the country’s big deficit.
Its plans to raise consumer sales tax from the start of next year are expected to have a particular impact on the forecasts.
Just ahead of the central bank’s release, official data has shown that the number of unemployed Britons fell in the three months to June — but the rate of decline in the jobless rate is slowing.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- White House hotel making comeback in Biloxi
- McCarthy hired as CFO of Mississippi Development Authority
- State GOP chairman calls on McDaniel to hurry with challenge
- Fair cabins becoming more valuable, sources say
- Guns OK inside Mississippi polling places, attorney general says
- MARTIN WILLOUGHBY — Tyler Raborn finds success and fulfillment with Raborn Media
- Three indicted, alleged to have embezzled from agency
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Supreme Court deals blow to McDaniel's election challenge
- Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau