There are various signals coming from the Bank of England’s Monetary Policy Committee (MPC), which has fired up talk that a rise in UK base interest rates could come as early as next month. The MPC is due to announce its next decision on rates on November 4th.
The Bank of England’s new chief economist, Huw Pill, has warned that UK inflation is likely to hit or surpass 5% by early next year, with rises in transport costs being a key upward driver. Insolvency numbers continue to rise and the number of businesses choosing to go into liquidation has now reached the highest level since the onset of the Covid crisis.
Nick and Jo pick apart these heavy topics and help you make sense of the numbers.