The Bank of England is under increasing pressure to cut interest rates as new data reveals a worrying rise in unemployment and the looming threat of US tariffs under Donald Trump's administration.
Economic Uncertainty Looms
Recent figures indicate a sharp uptick in joblessness across the UK, prompting fears of an economic slowdown. Analysts suggest that the Bank of England may respond with a rate cut to stimulate growth.
Trump Tariffs Add to Pressure
The potential reimposition of tariffs by former US President Donald Trump could further destabilise the UK economy. Experts warn that these measures may exacerbate inflationary pressures, leaving the Bank with little choice but to act.
Expert Predictions
Economists are divided on the timing and scale of any rate reduction. Some anticipate a modest cut, while others predict more aggressive measures if conditions worsen.
The Bank's next move is being closely watched by markets, with investors bracing for potential volatility in the weeks ahead.
