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Governor calls for steeper rate cuts if jobs market slows down
Paisley Daily Express
|July 15, 2025
THE Governor of the Bank of England has called for more dramatic cuts to interest rates if the jobs market sees a substantial slowdown.
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In an interview with The Times, Andrew Bailey insisted: “I really do believe the path is downward” for rates.
He said that businesses are “adjusting employment” following Rachel Reeves’ tax hikes for businesses, particularly in the increases to employers’ national insurance contributions (NICs).
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FLERE HISTORIER FRA Paisley Daily Express
Paisley Daily Express
Optimism in UK rising, despite 'disruptive' budget – bank chief
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Paisley Daily Express
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Paisley Daily Express
Dom gets hair dryer treatment
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Cancer deaths
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Paisley Daily Express
Business rates relief deal for pubs
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2 mins
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Paisley Daily Express
Clan end their winless streak
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