[UK Government Budget May Be the Key Factor Before Bank of England Rate Cut] ICAEW Economic Director Suren Thiru stated that the UK government budget is the final hurdle before the Bank of England cuts interest rates. He pointed out that the budget's impact on inflation is complex; raising taxes may suppress demand and thereby reduce inflation, but rising business costs could push prices higher. Thiru believes that conditions for a rate cut in December are gradually forming, but Bank of England policymakers need to assess the impact of budget policies before deciding whether to ease further.