Signs of returning UK inflation give Bank of England interest rate dilemma
by Richard Partington Economics correspondent from on (#6TSWG)
Survey signals private sector firms charging higher prices and cutting jobs at fastest rate since 2009 bar pandemic
The Bank of England is facing a dilemma amid signs of returning inflationary pressures even as businesses cut jobs at the fastest rate in four years in the wake of Rachel Reeves's autumn budget.
Before a crunch interest rate decision on 6 February, an influential business survey showed economic growth picked up slightly at the start of 2025 led by Britain's dominant service sector.
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