Closing post
Time to wrap up…. here are today’s main stories, first on the budget:
And in other news….
Bank of England deputy governor Dave Ramsden has said today that inflation pressures remained too high – a hint that he is not close to voting to cut interest rates.
Ramsden told a Q&A session, after delivering a speech to the Association for Financial Markets in Europe, that he wants to see more evidence that inflationary pressures are easing.
That’s been a familiar refrain from BoE policymakers recently, after they left rates on hold at 5.25% earlier this month.
