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Another reduction expected next year but monetary policy committee is deeply divided over inflation prospectsBusiness live – latest updatesRachel Reeves has reason to be cheerful. After last month’s budget, the Bank of England cutting interest rates will come as an early Christmas tonic for the chan…
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The Bank of England cut interest rates to the lowest in almost three years in a pre-Christmas boost for UK households, and suggested inflation is cooling enough for it to ease policy further in 2026. The Monetary Policy Committee voted 5-4 to lower the benchmark rate by a quarter point to 3.75%, min…
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Quarter-point cut widely forecast in City following steep fall in inflation and weak economic dataThe Bank of England has cut interest rates by a quarter point for the fourth time this year, delivering a pre-Christmas boost to the struggling UK economy.After leaving borrowing costs on hold in a spli…
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Germany will increase federal debt sales by a fifth next year to a record €512 billion ($601 billion) to fund a spending splurge aimed at fixing its crumbling infrastructure and modernizing its armed forces. Ven Ram from Bloomberg MLIV describes it as a "game changer".

Also discussed on the show: …
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Data: American Edge Project and Technology Councils of North America; Map: Axios VisualsNearly 3,000 new data centers are under construction or planned across the U.S., per a new analysis shared first with Axios β€” adding to the more than 4,000 already in operation.Why it matters: Big tech and many l…
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Social Mobility Commission report highlights β€˜extreme regional differences’ in terms of childhood, jobs, innovation and growthFormer industrial communities across Britain are facing β€œentrenched disadvantages” stretching back decades, the latest social mobility research has warned.It raises specific …