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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Brandon man hauls in record 756-pound alligator
- Officials set hunting dates for birds; expands dove season by 20 days
- McDaniel delays decision on whether to appeal dismissal of lawsuit
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Is cotton looking too good? Farmers facing weaker prices
- More than a dozen school districts sue state over funding
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Bryant issues executive order to establish Delta water task force
- New York firm buying majority interest in Tupelo mall, shopping center