Rolling coverage of the latest economic and financial news
- Latest: Bailey insists he didn’t commit to rate rise today
- Vote was ‘very close call’ he insists
- Analysts criticise communications – Bank’s credibility could be tarnished
- UK interest rates left at record low of 0.1%
- MPC votes 7-2 to leave borrowing costs unchanged
- Bank sees inflation at 5% next April
UK car sales hit a 30-year low last month, as the global supply chain crisis continues to hit the auto sector.
Registrations of new vehicles fell by almost a quarter last month, compared to the previous October, as carmakers struggle to obtain the semiconductors needed to build cars.