The Bank of England is anticipated to maintain the main interest rate at 4.50% in response to rising inflation, which currently exceeds the target at 3%. British Prime Minister Keir Starmer is pursuing a modest trade deal with the U.S. to mitigate substantial tariffs on U.K. imports amid the ongoing economic downturn. Critics contend that Treasury Chief Rachel Reeves has worsened the economic outlook since Labour assumed power by raising taxes and adopting an excessively pessimistic stance.