Whether the Bank of England delivers a 75-basis-point increase in interest rates on November 3 or goes for an bigger lift to tamp down inflation is a close call among economists polled by Reuters . Rising borrowing costs are part of a cost of living crisis hammering consumer spending as Sunak becomes Britain’s third PM in less than two months in one of the most turbulent periods in British political history. A new budget is due to be published on October 31. Some contributors declined to participate in the poll, taken largely before Sunak’s appointment, following the political and economic turmoil as they are waiting for details.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)