
BOE's Greene Sees Disinflation Continuing Despite Near-Term Hump
Bank of England rate-setter Megan Greene said disinflation in the UK is set to continue despite an acceleration in consumer-price growth in the near term.
'The disinflationary process is still ongoing and I say that even though inflation has actually ticked up over the past months and we expect it to continue to tick up through the third quarter of this year,' the UK central banker said on Saturday.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
Britain to allocate $116 billion to R&D in spending plan
LONDON (Reuters) -British finance minister Rachel Reeves will allocate 86 billion pounds ($116 billion) in this week's spending review to fund research and development, the Department for Science, Innovation and Technology (DSIT) said on Sunday. It said the package, funding everything from new drug treatments and longer-lasting batteries to artificial intelligence breakthroughs, would be worth over 22.5 billion pounds a year by 2029/30, driving new jobs and economic growth. Reeves will divide more than 2 trillion pounds ($2.7 trillion) of public money between her ministerial colleagues on Wednesday, making choices that will define what the year-old Labour government can achieve in the next four years. The DSIT said the announcement on R&D follows Reeves' commitment last week to 15.6 billion pounds of government investment in local transport in city regions in the Northern England, Midlands and the South West. ($1 = 0.7398 pounds)
Yahoo
42 minutes ago
- Yahoo
Rachel Reeves to announce £86bn for science and technology in spending review
Research into drug treatments and longer-lasting batteries will receive new funding as part of an £86 billion package for science and technology set to be announced in next week's spending review. Regions will be handed up to £500 million with local leaders given powers to decide how investment is targeted in their communities, the Department for Science, Innovation and Technology (DSIT) said. The overall package, which will be announced as Chancellor Rachel Reeves sets out departmental spending plans on June 11, is expected to be worth more than £22.5 billion-a-year by the end of the decade. DSIT said 'every corner of the country' would benefit as local leaders are given a say on how the money is spent on leveraging expertise specific to their communities. In Liverpool, which has a long history in biotech, funding will be used to speed up drug discovery and in South Wales, which has Britain's largest semiconductor cluster, on designing the microchips used to power mobile phones and electric cars. The Chancellor said: 'Britain is the home of science and technology. Through the Plan for Change, we are investing in Britain's renewal to create jobs, protect our security against foreign threats and make working families better off.' Science and Technology Secretary Peter Kyle said: 'Incredible and ambitious research goes on in every corner of our country, from Liverpool to Inverness, Swansea to Belfast, which is why empowering regions to harness local expertise and skills for all of our benefit is at the heart of this new funding – helping to deliver the economic growth at the centre of our Plan for Change.' Local leaders including North East Mayor Kim McGuiness and West Midlands Mayor Richard Parker welcomed the package, but research backers warned more is needed to secure Britain's reputation for Rottingen, chief executive of Wellcome, Britain's biggest non-governmental research funder, said: 'The Government rightly acknowledges that investing in science and technology is a key way to boost the economy. 'But while it's positive under the financial circumstances, a flat real-terms science budget, along with continuing barriers such as high visa costs for talented scientists and the university funding crisis, won't be enough for the UK to make the advances it needs to secure its reputation for science in an increasingly competitive world. 'The UK should be aiming to lead the G7 in research intensity, to bring about economic growth and the advances in health, science and technology that benefit us all. We look forward to seeing the full details at the spending review.' Meanwhile, the Institute of Physics called for a longer-term strategy for science, including a plan for teachers and other members of the skilled workforce needed to deliver advances. Tony McBride, director of policy and public affairs at the institute, said: 'It's good to see the Government recognise the power of science and innovation to transform lives and grow prosperity in every part of the UK. 'But to fully harness the transformational potential of research and innovation – wherever it takes place – we need a decade-long strategic plan for science. This must include a plan for the skilled workforce we need to deliver this vision, starting with teachers and addressing every educational stage, to underpin the industrial strategy. 'We hope that the Chancellor's statement on Wednesday will set out such a vision.' Universities UK said the Government had made a 'smart investment' and academia would put its 'shoulder to the wheel' behind the plans. Vivienne Stern, chief executive of the group representing 142 higher education providers in Britain, said: 'The UK has a real opportunity to sow the seeds of long-term growth, benefiting all parts of the UK – with universities spread right across the country working with industry and public sector bodies to turn discoveries into economic success. 'They stand ready to double down with government, building stronger links with sectors of the economy where we have real room to grow. 'This creates good jobs and attracts investment everywhere from Swansea to Aberdeen, from Barrow to Plymouth.'
Yahoo
an hour ago
- Yahoo
Barcelona star set for €12 million exit
An altogether noteworthy update on the incoming departure of Barcelona starlet Ansu Fati has this weekend surfaced online. This comes amid claims that, contrary to previous speculation, the 22-year-old's summer exit will come with the certainty of bringing a permanent close to his Blaugrana stint. Advertisement Ansu's name has of course proven a prominent one in the headlines across Europe for several weeks now. This comes after AS Monaco opened talks with their Barcelona counterparts, over bringing the winger to Ligue 1 for next season. After Ansu struggled for game-time under the watch of new boss Hansi Flick in Catalunya's capital this past season, Deco and co. quickly opened to the prospect of a sale. Initially, the understanding was that as much would come by way of a loan, featuring an option to buy. As alluded to above, though, if the latest word stemming from the media on Saturday is anything to go by, Monaco's clause at the end of the 2025/26 campaign will in fact come in the form of a permanent one. Advertisement As per a report from Diario AS: 'In principle, Ansu's departure will be via loan with a mandatory purchase option of 12 million euros. There are still some minor details to be resolved because Barcelona want to include a percentage of a future sale or a possible buy-back option.' Conor Laird – GSFN