Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Bank of England's Governor hints at interest rate cuts if job market slows due to higher NICs.
The Bank of England's Governor, Andrew Bailey, suggested that the bank could cut interest rates if the UK jobs market continues to slow due to increased National Insurance Contributions (NICs) for employers.
He noted that businesses are adjusting employment and offering smaller pay rises, leading to potential "slack" in the economy that could reduce inflation.
The current base rate of 4.25% will be reviewed by the Monetary Policy Committee on August 7.
Bailey believes the path for rates is downward, as the economy grows below its potential.
70 Articles
El gobernador del Banco de Inglaterra insinúa recortes en las tasas de interés si el mercado laboral se desacelera debido al aumento de las NIC.