Early UK interest rate rise seen more likely; Nobel prize in economics awarded – as it happened
by Graeme Wearden from Economics | The Guardian on (#5QJYP)
Rolling coverage of the latest economic and financial news
- Closing summary
- Latest: BofA sees UK rate hike in December
- Markets price in early interest rate rise
- UK consumer confidence hammered by inflation and shortages
- Deal agreed to maintain CO2 supplies
- Economics Nobel awarded for work on natural experiments
Heathrow is still a lot quieter than before the pandemic, but is hoping that the easing of travel restrictions will provide a boost.
The UK's largest airport reported this morning that September passenger levels were below 40% of pre-pandemic levels.
The UK is still taking a cautious approach, still requiring testing for anyone coming into the country, but this is a good step ahead and people can start to plan their business trips, their holidays, visiting the families they haven't seen for a long time, with confidence, including going to wonderful places like South Africa."
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