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Live Crypto News - Nov 28th
The U.K. is gearing up for one of its biggest crypto tax updates yet. HMRC wants to stop treating simple DeFi deposits as taxable events and move to a fairer “no gain, no loss” model. That means less stress, fewer calculations, and clearer rules for millions of users. Big step for DeFi in Britain.
#CryptoTax #DeFi #UKEconomy #HMRC #CryptoNews #Web3
The U.K. is gearing up for one of its biggest crypto tax updates yet. HMRC wants to stop treating simple DeFi deposits as taxable events and move to a fairer “no gain, no loss” model. That means less stress, fewer calculations, and clearer rules for millions of users. Big step for DeFi in Britain.
#CryptoTax #DeFi #UKEconomy #HMRC #CryptoNews #Web3
🚨 UK Sends £2.26 BILLION to Ukraine While Brits Face Soaring Taxes & Costs! 🇬🇧💰
The UK just approved a massive £2.26 BILLION loan to Ukraine, using profits from frozen Russian assets. Meanwhile, back home, tax hikes & rising costs are about to hit hard starting April 2025! 😱📈
🔥 What’s Changing?
🚗 Road Tax is Climbing!
🔹 EV Owners, Brace Yourselves! Electric vehicles will be taxed for the first time ever! 🚘⚡
🔹 Petrol & Diesel Cars – Huge first-year tax spike! High-emission cars now face £2,605!
🔹 Luxury Car Owners? If your car costs over £40,000, expect an extra £425 yearly charge! 💰
🛒 Living Costs Keep Rising!
🔹 Energy bills, food prices, and daily essentials continue to skyrocket! 📊⛽
🔹 Everyday Brits are feeling the squeeze while billions go overseas!
🤔 What This Means for YOU:
❗ Higher costs for driving & living 💸
❗ Increased tax burden on both petrol & electric cars 🚗⚡
❗ Government prioritizing foreign aid—at what cost for Brits? 🤯
💬 What’s your take? Should the UK be focusing on domestic struggles or global support? Let's debate below! ⬇️🔥
#UKEconomy #TaxHike #CostOfLiving #UkraineFunding #UKPolitics
The UK just approved a massive £2.26 BILLION loan to Ukraine, using profits from frozen Russian assets. Meanwhile, back home, tax hikes & rising costs are about to hit hard starting April 2025! 😱📈
🔥 What’s Changing?
🚗 Road Tax is Climbing!
🔹 EV Owners, Brace Yourselves! Electric vehicles will be taxed for the first time ever! 🚘⚡
🔹 Petrol & Diesel Cars – Huge first-year tax spike! High-emission cars now face £2,605!
🔹 Luxury Car Owners? If your car costs over £40,000, expect an extra £425 yearly charge! 💰
🛒 Living Costs Keep Rising!
🔹 Energy bills, food prices, and daily essentials continue to skyrocket! 📊⛽
🔹 Everyday Brits are feeling the squeeze while billions go overseas!
🤔 What This Means for YOU:
❗ Higher costs for driving & living 💸
❗ Increased tax burden on both petrol & electric cars 🚗⚡
❗ Government prioritizing foreign aid—at what cost for Brits? 🤯
💬 What’s your take? Should the UK be focusing on domestic struggles or global support? Let's debate below! ⬇️🔥
#UKEconomy #TaxHike #CostOfLiving #UkraineFunding #UKPolitics
BoE Rate Cut: Implications for Crypto Market
The Bank of England (BoE) has cut its policy interest rate by 25 basis points, bringing it down from 4.25% to 4.0%, as expected. This move comes amid rising inflation and contracting GDP, signaling that the central bank is prioritizing economic growth over inflation control for now.
This decision carries mixed implications for the crypto market:
🔻 Weaker Pound Could Push Investors Toward Crypto
With the British Pound under pressure due to the rate cut and weak economic outlook, investors may seek alternative stores of value. Cryptocurrencies, especially Bitcoin and Ethereum, often benefit during periods of currency debasement or monetary easing.
📉 Lower Interest Rates = Easier Money Flow
Lower rates typically reduce the opportunity cost of holding non-yielding assets like Bitcoin. As UK monetary policy loosens, liquidity in markets may increase — potentially giving crypto a boost as speculative appetite grows.
⚠️ Risk Sentiment Still Fragile
However, the overall UK economic backdrop—shrinking GDP, high inflation, and weakening labor market—reflects global macro uncertainties. Risk appetite may remain cautious, limiting aggressive moves into volatile assets like crypto in the short term.
🇬🇧 UK-Based Crypto Activity May Pick Up
For UK retail investors, lower interest rates make traditional savings less attractive. This may drive more retail flow into crypto platforms, especially if regulatory conditions remain favorable or stable.
Conclusion
The BoE’s dovish pivot might act as a mild tailwind for crypto markets in the medium term, particularly if global liquidity improves. However, until stronger macro or technical confirmation appears, crypto remains sensitive to broader risk trends and USD movements. Keep an eye on GBP/USD performance — a sharp decline there could indirectly benefit major crypto pairs.#BankOfEngland ndPolicy#UKEconomy #GBPUSDT
The Bank of England (BoE) has cut its policy interest rate by 25 basis points, bringing it down from 4.25% to 4.0%, as expected. This move comes amid rising inflation and contracting GDP, signaling that the central bank is prioritizing economic growth over inflation control for now.
This decision carries mixed implications for the crypto market:
🔻 Weaker Pound Could Push Investors Toward Crypto
With the British Pound under pressure due to the rate cut and weak economic outlook, investors may seek alternative stores of value. Cryptocurrencies, especially Bitcoin and Ethereum, often benefit during periods of currency debasement or monetary easing.
📉 Lower Interest Rates = Easier Money Flow
Lower rates typically reduce the opportunity cost of holding non-yielding assets like Bitcoin. As UK monetary policy loosens, liquidity in markets may increase — potentially giving crypto a boost as speculative appetite grows.
⚠️ Risk Sentiment Still Fragile
However, the overall UK economic backdrop—shrinking GDP, high inflation, and weakening labor market—reflects global macro uncertainties. Risk appetite may remain cautious, limiting aggressive moves into volatile assets like crypto in the short term.
🇬🇧 UK-Based Crypto Activity May Pick Up
For UK retail investors, lower interest rates make traditional savings less attractive. This may drive more retail flow into crypto platforms, especially if regulatory conditions remain favorable or stable.
Conclusion
The BoE’s dovish pivot might act as a mild tailwind for crypto markets in the medium term, particularly if global liquidity improves. However, until stronger macro or technical confirmation appears, crypto remains sensitive to broader risk trends and USD movements. Keep an eye on GBP/USD performance — a sharp decline there could indirectly benefit major crypto pairs.#BankOfEngland ndPolicy#UKEconomy #GBPUSDT
💥 UK Inflation Drops! Is It Time to Buy Crypto? 🇬🇧📉 #CryptoUK
BREAKING: The UK’s inflation rate has just hit its lowest level in years! 📊🔥 With interest rate cuts on the horizon, is now the perfect time to go all-in on Bitcoin ($BTC) and Solana ($SOL)? 🚀
💰 Lower inflation = More spending power = Potential crypto boom?
🏦 Will the Bank of England finally slash interest rates and pump liquidity into the markets?
📉 Is the GBP losing strength while crypto becomes the ultimate hedge?
📢 What’s your next move? Buying, holding, or staying out? Drop your thoughts below! 👇🔥
#CryptoUK #bitcoin #solana #UKEconomy #Investing
💰 Lower inflation = More spending power = Potential crypto boom?
🏦 Will the Bank of England finally slash interest rates and pump liquidity into the markets?
📉 Is the GBP losing strength while crypto becomes the ultimate hedge?
📢 What’s your next move? Buying, holding, or staying out? Drop your thoughts below! 👇🔥
#CryptoUK #bitcoin #solana #UKEconomy #Investing
#UKEconomy
THINGS ARE GOING FROM BAD TO WORSE FOR THE UK ECONOMY
Things are going from bad to worse for the UK economy. Jobs are continuing to be lost at a rapid pace, unemployment is rising, vacancies are falling and jobless benefit claims are up as businesses shed staff in response to the government’s heavily criticised business tax raid. The only sliver of solace is that the May payroll number was revised upwards, but we are still looking at unprecedented levels of job losses in the first half of the year, outside of the pandemic period.
This week’s data puts the Bank of England in an extremely tough spot. The bank's sole mandate is to maintain price stability, so one could argue that the June inflation data makes additional cuts less likely. Yet, should policymakers believe that the dire labour market performance heralds weaker inflationary pressures ahead, then an August rate reduction remains on the cards. An easing in wage growth will, at least, be a welcome development for policymakers, as this should help the bank in its quest to return inflation back to the 2% target.
THINGS ARE GOING FROM BAD TO WORSE FOR THE UK ECONOMY
Things are going from bad to worse for the UK economy. Jobs are continuing to be lost at a rapid pace, unemployment is rising, vacancies are falling and jobless benefit claims are up as businesses shed staff in response to the government’s heavily criticised business tax raid. The only sliver of solace is that the May payroll number was revised upwards, but we are still looking at unprecedented levels of job losses in the first half of the year, outside of the pandemic period.
This week’s data puts the Bank of England in an extremely tough spot. The bank's sole mandate is to maintain price stability, so one could argue that the June inflation data makes additional cuts less likely. Yet, should policymakers believe that the dire labour market performance heralds weaker inflationary pressures ahead, then an August rate reduction remains on the cards. An easing in wage growth will, at least, be a welcome development for policymakers, as this should help the bank in its quest to return inflation back to the 2% target.
💥 Starmer’s UK Economic Overhaul Plan Stuns City Insiders 🚨
🏦 London’s financial heart just skipped a beat. UK Prime Minister Keir Starmer’s new economic overhaul plan reportedly caught even City veterans off guard — promising deep fiscal reforms, tighter market rules, and a massive push for green investment.
⚡ Why it matters: Insiders say this could reshape how money moves through the UK — from crypto regulations to capital gains taxes. Traders and bankers are scrambling to decode what this means for London’s position as a global financial hub.
💰 Crypto angle: If regulation tightens but innovation gets a green light, the UK could quietly become one of Europe’s safest (yet most competitive) spots for blockchain startups. Investors are already eyeing new opportunities.
💭 Could Starmer’s shake-up make London the next crypto-finance capital — or push big money elsewhere?
Don’t forget to follow, like with love ❤️, to encourage us to keep you updated and share to help us grow together!
#UKEconomy #CryptoRegulation #FinanceNews #Write2Earn #BinanceSquare
🏦 London’s financial heart just skipped a beat. UK Prime Minister Keir Starmer’s new economic overhaul plan reportedly caught even City veterans off guard — promising deep fiscal reforms, tighter market rules, and a massive push for green investment.
⚡ Why it matters: Insiders say this could reshape how money moves through the UK — from crypto regulations to capital gains taxes. Traders and bankers are scrambling to decode what this means for London’s position as a global financial hub.
💰 Crypto angle: If regulation tightens but innovation gets a green light, the UK could quietly become one of Europe’s safest (yet most competitive) spots for blockchain startups. Investors are already eyeing new opportunities.
💭 Could Starmer’s shake-up make London the next crypto-finance capital — or push big money elsewhere?
Don’t forget to follow, like with love ❤️, to encourage us to keep you updated and share to help us grow together!
#UKEconomy #CryptoRegulation #FinanceNews #Write2Earn #BinanceSquare
💷 🔥 UK Minimum Wage Hike Nears Graduate Salaries — What’s Going On? 💥
💼 The UK’s upcoming minimum wage increase is sparking fresh debate, as new rates inch dangerously close to what financial and legal graduates earn. For some, it’s a victory for workers. For others, it signals deep cracks in the job market.
📉 Employers warn that the wage gap between entry-level and graduate positions is shrinking—raising fears of hiring freezes or inflationary pressure. Some companies may rethink salary structures altogether, impacting the wider economy.
💹 For investors, it’s a wake-up call. Wage shifts can influence inflation, interest rates, and even currency movements—factors that ripple into crypto and global markets alike.
❓ Could fair wages be creating unfair pressure elsewhere in the economy?
Don’t forget to follow, like with love ❤️, to encourage us to keep you updated and share to help us grow together!
#UKEconomy #InflationWatch #CryptoMarkets #Write2Earn #BinanceSquare
💼 The UK’s upcoming minimum wage increase is sparking fresh debate, as new rates inch dangerously close to what financial and legal graduates earn. For some, it’s a victory for workers. For others, it signals deep cracks in the job market.
📉 Employers warn that the wage gap between entry-level and graduate positions is shrinking—raising fears of hiring freezes or inflationary pressure. Some companies may rethink salary structures altogether, impacting the wider economy.
💹 For investors, it’s a wake-up call. Wage shifts can influence inflation, interest rates, and even currency movements—factors that ripple into crypto and global markets alike.
❓ Could fair wages be creating unfair pressure elsewhere in the economy?
Don’t forget to follow, like with love ❤️, to encourage us to keep you updated and share to help us grow together!
#UKEconomy #InflationWatch #CryptoMarkets #Write2Earn #BinanceSquare
😳💥The UK is set to witness a record exodus of millionaires, with 16,500 expected to relocate abroad in 2025.
#WealthFlight #UKEconomy #MillionaireExodus #GlobalMigration #OneBigBeautifulBill
#WealthFlight #UKEconomy #MillionaireExodus #GlobalMigration #OneBigBeautifulBill
UK Allegedly Plans to Sell $5 Billion Worth of Bitcoin – Is This the Reason for the Decline?
According to the Telegraph, British Chancellor of the Exchequer Rachel Reeves plans to sell £5 billion worth of seized Bitcoin$BTC assets to close a massive gap in public finances.
The Ministry of Internal Affairs, together with the police forces, has begun work to establish an official system to sell this large cryptocurrency stock.
The total value of the cryptocurrencies seized by police is unknown, but in 2018 alone, 61,000 Bitcoins belonging to a China-based pyramid scheme were seized. At the time, the assets were worth around £270 million, but with Bitcoin reaching $123,000 (about £92,000) last week, they are now worth more than £5.4 billion.
#UKEconomy #ukbtc #UKGovernment
The Ministry of Internal Affairs, together with the police forces, has begun work to establish an official system to sell this large cryptocurrency stock.
The total value of the cryptocurrencies seized by police is unknown, but in 2018 alone, 61,000 Bitcoins belonging to a China-based pyramid scheme were seized. At the time, the assets were worth around £270 million, but with Bitcoin reaching $123,000 (about £92,000) last week, they are now worth more than £5.4 billion.
#UKEconomy #ukbtc #UKGovernment
US firms pledge £150bn investment in UK, as Starmer hosts Trump
The UK government says it has secured £150bn worth of US investment which it hopes will create 7,600 jobs.
The announcement, which coincides with President Donald Trump's state visit, follows a series of big tech firms, including Microsoft and Google, pledging to spend billions of pounds in the UK.
It is part of a wider plan by the UK to deepen economic ties with the US. However, some industries, such as steel, have been dealt a blow in recent days with a proposed deal to cut tariffs shelved.
Several major pharmaceutical companies, such as Covid-vaccine maker Astrazenca, have also halted investment plans, claiming the UK was an "increasingly challenging" country to do its business in.
On Thursday, UK and US investors will meet Sir Keir Starmer and Trump at the prime minister's country house Chequers to discuss economic deals.
The vast majority of the £150bn investment - £90bn - will come from Blackstone over the next decade, although how most of this money will be spent has yet to be decided. The US private equity firm announced in June it would spend £370bn across Europe over 10 years.
Microsoft has pledged to spend £22bn in the UK over the next four years, while Google is to invest £5bn over the next two years to expand an existing data centre in Hertfordshire.
Starmer said the investments were "a testament to Britain's economic strength and a bold signal that our country is open, ambitious, and ready to lead".
While it is hoped the investments will generate thousands of jobs in the years ahead, it comes at a time when domestic businesses appear to be slowing investment due to higher running costs.
The government says 7,600 jobs will be created by the investments, but over the year to August the number of people on UK payrolls has fallen by an estimated 127,000, according to the Office for National Statistics. Vacancies were down by 119,000 (14%) in June to August 2025 from the level of a year ago.
Many firms have blamed increasing costs, such as having to pay more in National Insurance and the minimum wage, as reasons for slowing investment.
In recent days, pharmaceutical companies have highlighted other challenges to investing in the UK. US giant Merck rowed back on a plan to invest £1bn after blaming successive governments for undervaluing innovative medicines. Instead, it will move research to the US.
AstraZeneca then paused plans to invest £200m at a Cambridge research site, a project expected to create 1,000 jobs. It has also switched investment to the US.
Where is the UK investment going?
Blackstone's large investment is in addition to the £10bn it previously announced for data centre development in the UK
Real estate investment trust Prologis is set to invest £3.9bn into the UK's life sciences and advanced manufacturing in Cambridge and Daventry
Palantir is invest up to £1.5bn in UK defence innovation and plans to create up to 350 new jobs.
American tech company Amentum plans to create more than 3,000 jobs across Glasgow to Warrington and the Midlands
Boeing has said it will convert two 737 aircraft in Birmingham for the US Air Force, which would be the first USAF aircraft built in the UK for more than 50 years
Business and Trade Secretary Peter Kyle said the planned investment reflected growing confidence in the UK's industrial strategy.
"These record-breaking investments will create thousands of high-quality jobs across the UK," he said.
But former Deputy Prime Minister Sir Nick Clegg, who also used to be Facebook's president of global affairs, told the BBC's Today programme that the investment was "crumbs from the Silicon Valley table".
He called for "some perspective" to be applied to the "hype", and that the deal did not solve the UK's "perennial achilles heel", which was that British start-ups tended to end up in the US as they seek investment.
"Not only do we import all their technology, we export all our good people and good ideas as well," he said.
He said the UK had to learn to "stand more on our own two feet", rather than "cling on to Uncle Sam's coat tails"
#UKEconomy #UK #Trump's #Binance #BinanceSquareFamily
The announcement, which coincides with President Donald Trump's state visit, follows a series of big tech firms, including Microsoft and Google, pledging to spend billions of pounds in the UK.
It is part of a wider plan by the UK to deepen economic ties with the US. However, some industries, such as steel, have been dealt a blow in recent days with a proposed deal to cut tariffs shelved.
Several major pharmaceutical companies, such as Covid-vaccine maker Astrazenca, have also halted investment plans, claiming the UK was an "increasingly challenging" country to do its business in.
On Thursday, UK and US investors will meet Sir Keir Starmer and Trump at the prime minister's country house Chequers to discuss economic deals.
The vast majority of the £150bn investment - £90bn - will come from Blackstone over the next decade, although how most of this money will be spent has yet to be decided. The US private equity firm announced in June it would spend £370bn across Europe over 10 years.
Microsoft has pledged to spend £22bn in the UK over the next four years, while Google is to invest £5bn over the next two years to expand an existing data centre in Hertfordshire.
Starmer said the investments were "a testament to Britain's economic strength and a bold signal that our country is open, ambitious, and ready to lead".
While it is hoped the investments will generate thousands of jobs in the years ahead, it comes at a time when domestic businesses appear to be slowing investment due to higher running costs.
The government says 7,600 jobs will be created by the investments, but over the year to August the number of people on UK payrolls has fallen by an estimated 127,000, according to the Office for National Statistics. Vacancies were down by 119,000 (14%) in June to August 2025 from the level of a year ago.
Many firms have blamed increasing costs, such as having to pay more in National Insurance and the minimum wage, as reasons for slowing investment.
In recent days, pharmaceutical companies have highlighted other challenges to investing in the UK. US giant Merck rowed back on a plan to invest £1bn after blaming successive governments for undervaluing innovative medicines. Instead, it will move research to the US.
AstraZeneca then paused plans to invest £200m at a Cambridge research site, a project expected to create 1,000 jobs. It has also switched investment to the US.
Where is the UK investment going?
Blackstone's large investment is in addition to the £10bn it previously announced for data centre development in the UK
Real estate investment trust Prologis is set to invest £3.9bn into the UK's life sciences and advanced manufacturing in Cambridge and Daventry
Palantir is invest up to £1.5bn in UK defence innovation and plans to create up to 350 new jobs.
American tech company Amentum plans to create more than 3,000 jobs across Glasgow to Warrington and the Midlands
Boeing has said it will convert two 737 aircraft in Birmingham for the US Air Force, which would be the first USAF aircraft built in the UK for more than 50 years
Business and Trade Secretary Peter Kyle said the planned investment reflected growing confidence in the UK's industrial strategy.
"These record-breaking investments will create thousands of high-quality jobs across the UK," he said.
But former Deputy Prime Minister Sir Nick Clegg, who also used to be Facebook's president of global affairs, told the BBC's Today programme that the investment was "crumbs from the Silicon Valley table".
He called for "some perspective" to be applied to the "hype", and that the deal did not solve the UK's "perennial achilles heel", which was that British start-ups tended to end up in the US as they seek investment.
"Not only do we import all their technology, we export all our good people and good ideas as well," he said.
He said the UK had to learn to "stand more on our own two feet", rather than "cling on to Uncle Sam's coat tails"
#UKEconomy #UK #Trump's #Binance #BinanceSquareFamily
Bank of England Expected to Hold Rates Steady
According to a Bloomberg survey of analysts, the Bank of England (BoE) is widely expected to keep interest rates unchanged at its November 6 policy meeting.
Adding to the outlook, Reuters reports that major brokerage firms no longer anticipate a rate cut from the central bank this year signaling that inflation concerns and cautious economic optimism remain in balance.
With growth still fragile and price pressures lingering, the BoE appears set to maintain a “wait-and-see” stance while monitoring broader global monetary shifts.
The message from Threadneedle Street: stability over stimulus for now.
#BankOfEngland #interestrates #UKEconomy #Finance #MonetaryPolicy
According to a Bloomberg survey of analysts, the Bank of England (BoE) is widely expected to keep interest rates unchanged at its November 6 policy meeting.
Adding to the outlook, Reuters reports that major brokerage firms no longer anticipate a rate cut from the central bank this year signaling that inflation concerns and cautious economic optimism remain in balance.
With growth still fragile and price pressures lingering, the BoE appears set to maintain a “wait-and-see” stance while monitoring broader global monetary shifts.
The message from Threadneedle Street: stability over stimulus for now.
#BankOfEngland #interestrates #UKEconomy #Finance #MonetaryPolicy
UK Manufacturing PMI Inches Higher to 49.7, Hinting at Early Signs of Stabilization.
The latest data shows Britain’s Manufacturing PMI for October edged up to 49.7 from 49.6 in the previous month a modest but notable improvement that signals a near-return to expansion territory.
While still below the 50.0 threshold that separates growth from contraction, the uptick suggests that the UK’s manufacturing sector may be stabilizing after months of subdued output and weak demand.
Economists view this as a sign of gradual recovery, supported by easing supply chain pressures and improving business sentiment.
If the trend continues, the coming months could mark the beginning of a renewed growth phase for Britain’s industrial base.
#UKEconomy #EconomicUpdate #Britain #industry #PMI
The latest data shows Britain’s Manufacturing PMI for October edged up to 49.7 from 49.6 in the previous month a modest but notable improvement that signals a near-return to expansion territory.
While still below the 50.0 threshold that separates growth from contraction, the uptick suggests that the UK’s manufacturing sector may be stabilizing after months of subdued output and weak demand.
Economists view this as a sign of gradual recovery, supported by easing supply chain pressures and improving business sentiment.
If the trend continues, the coming months could mark the beginning of a renewed growth phase for Britain’s industrial base.
#UKEconomy #EconomicUpdate #Britain #industry #PMI
Bank of England just kept interest rates unchanged in a super close vote 👀 — and it looks like a rate cut could be coming soon! 🏦💷 Governor Andrew Bailey seems ready to join the side pushing for lower rates, especially after the upcoming government budget later this month.
#BOE #InterestRates #UKEconomy
$BTC
$ETH
#BOE #InterestRates #UKEconomy
$BTC
$ETH
🚨 BREAKING NEWS: Bank of England Cuts Interest Rates to 4%! 🚨
The Bank of England just announced a 25 basis point (0.25%) interest rate cut, bringing the main rate down to 4%. This is the fifth rate cut since August last year, signaling efforts to boost the UK economy amidst slowing growth.
What does this mean?
* Cheaper Borrowing: Loans for mortgages, businesses, and consumers could become more affordable. This aims to encourage spending and investment.
* Impact on Savings: Savers might see lower returns on their deposits.
* Economic Boost: The goal is to stimulate economic activity, even with inflation still above the 2% target.
This decision was a close call, highlighting the ongoing balance between controlling inflation and supporting economic growth.
Stay tuned for more updates on how this impacts the global markets!
#BoE #InterestRates #UKEconomy #MacroEconomics #FinancialNews #CryptoNews $XRP $BNB
The Bank of England just announced a 25 basis point (0.25%) interest rate cut, bringing the main rate down to 4%. This is the fifth rate cut since August last year, signaling efforts to boost the UK economy amidst slowing growth.
What does this mean?
* Cheaper Borrowing: Loans for mortgages, businesses, and consumers could become more affordable. This aims to encourage spending and investment.
* Impact on Savings: Savers might see lower returns on their deposits.
* Economic Boost: The goal is to stimulate economic activity, even with inflation still above the 2% target.
This decision was a close call, highlighting the ongoing balance between controlling inflation and supporting economic growth.
Stay tuned for more updates on how this impacts the global markets!
#BoE #InterestRates #UKEconomy #MacroEconomics #FinancialNews #CryptoNews $XRP $BNB
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