UK Week in Review - 7 November 2025

Martin Beck, Chief Economist | Economic Consulting and Analysis

This week’s developments point to a major fiscal-monetary crossover. Rachel Reeves’ pre-Budget speech set expectations for broad-based tax rises to rebuild fiscal headroom, while a narrow Bank of England vote signalled growing support for rate cuts. With disinflation gaining pace and modest growth continuing, a December rate reduction now looks all but certain.