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.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- College Board names Glenn Boyce as higher education chief
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Deepwater Horizon Five Years Later — Restoring the Mississippi coast starts with a strong foundation
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Chancery Court’s interpretation of ‘public use’ will guide ruling on Westin money
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- THE SPIN CYCLE — Key results from Pew’s social media survey