UK economy

Bank of England Deputy Governor Dave Ramsden said interest rates may need to increase further if inflationary pressures in the UK economy persist or build. The remarks signal that the central bank remains ready to tighten monetary policy despite signs of cooling price growth, and will keep a close watch on incoming economic data before deciding its next move.

Bank of England Deputy Governor Dave Ramsden said interest rates may need to rise again if inflationary pressures in the UK economy prove persistent. His comments signal that policymakers remain cautious about price growth even as other officials have suggested borrowing costs could stay on hold. Markets and economists watch such remarks closely for hints about the timing of the next move in British monetary policy.

Fresh developments in UK and European space policy and industrial strategy are drawing attention, as governments across the region work to strengthen their space sectors. The discussion centres on how regulation, funding and industrial planning are being reshaped to keep Britain and Europe competitive in the growing global space economy, though specific measures are not yet detailed.