BoE Braces for Rate Decision as Burnham's Spending Pledges Top £63bn

The Bank of England is expected to hold rates at 3.75% today, but City analysts warn the vote split could signal multiple hikes ahead as inflation refuses to ease. Energy prices from the Iran conflict are still feeding through, and think tank NIESR says inflation could stay above the 2% target until 2029 — even in a benign scenario. A 6-3 or 5-4 split on the MPC would spook markets, with gilt yields already pricing in...