BOE’s Close Call on Rates Can’t Eclipse Budget Drama
The UK is confronting a multi-billion-pound hole in the public finances
This article is for subscribers only.
I’m Irina Anghel , a UK economy reporter in London. Today we’re looking at the UK’s economic challenges. Send us feedback and tips to ecodaily@bloomberg.net . And if you aren’t yet signed up to receive this newsletter, you can do so here .
A close decision by the Bank of England on Thursday to hold off on an interest-rate cut was quickly overshadowed by the big economic event that will precede any such move — Chancellor Rachel Reeves’s Nov. 26 budget.