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Did Britain's Economy Grow as Fast as the Bank of England Expected? Yes, by 0.7 Per Cent, Though the Bank's Own Survey Gauge Pointed to 0.2

The UK economy grew 0.7 per cent in the third quarter of 2026 and 1.9 per cent on a year earlier, the Office for National Statistics said on 12 November. Services rose 0.9 per cent and construction fell 0.7 per cent. It is a first estimate and will be revised.

By Daniel Okafor 7 minutes ago

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The Bank of England Raised Rates to 4 Per Cent, Its First Increase in 1,190 Days. Its Staff Expect Inflation Near 5 Per Cent by the Middle of Next Year.

The Bank of England raised Bank Rate by a quarter point to 4 per cent on Thursday, its first increase since August 2023. The vote was 8 to 1, with Catherine Mann wanting a half-point rise. UK inflation was 3.5 per cent in September and the Bank expects it to reach around 5 per cent by mid-2027.

By Daniel Okafor November 5, 2026

Bank Of England

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Did Britain's Economy Grow as Fast as the Bank of England Expected? Yes, by 0.7 Per Cent, Though the Bank's Own Survey Gauge Pointed to 0.2

The Bank of England Raised Rates to 4 Per Cent, Its First Increase in 1,190 Days. Its Staff Expect Inflation Near 5 Per Cent by the Middle of Next Year.