Firms cut jobs at fastest pace since 2021, Bank of England data shows
Thursday, 4 September 2025 () Businesses have cut jobs at the fastest pace in almost four years, according to a closely-watched Bank of England survey which also paints a worrying picture for employment and wage growth ahead.
Bank of England governor Andrew Bailey says cutting the interest rate from 4.25% to 4% was a "finely balanced decision". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England governor Andrew Bailey says there is "genuine uncertainty about the course of the direction" of interest rates, despite today's cut and his belief that the path will continue downwards. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England governor Andrew Bailey announces an interest rate cut from 4.25% to 4%, adding that inflation is expected to hit 4% in September. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
President Trump has fired Bureau of Labor Statistics Director Erika McEntarfer following a disappointing July jobs report that added only 73,000 jobs and included major downward revisions to May and..
Thursday, 4 September 2025 ()
Businesses have cut jobs at the fastest pace in almost four years, according to a closely-watched Bank of England survey which also paints a worrying picture for employment and wage growth ahead.
![Bailey: Interest rate cut was a finely balanced decision [Video]](https://video.newsserve.net/300/v/20250807/1418888786-Bailey-Interest-rate-cut-was-finely-balanced.jpg)
![Bailey: Uncertainty about path of future interest rates [Video]](https://video.newsserve.net/300/v/20250807/1418872204-Bailey-Uncertainty-about-path-of-future-interest-rates.jpg)
![Bank of England cuts interest rate to 4% [Video]](https://video.newsserve.net/300/v/20250807/1418868092-Bank-of-England-cuts-interest-rate-to.jpg)
![US BREAKING: Trump FIRES Top Labor Official After Jobs Report Shows Tariffs RAISED Unemployment [Video]](https://video.newsserve.net/300/v/20250802/1418414790-US-BREAKING-Trump-FIRES-Top-Labor-Official-After.jpg)
