Recession warning puts another Sunak pledge at risk The Prime Minister looks in danger of only meeting one of his five pledges for 2023. The Independent UK · Dec 22, 2023
Bank of England governor Andrew Bailey's early Christmas present to the City Picture the scene: Threadneedle Street, in the heart of the Square Mile, a bowler hat’s throw away from several of City Spy’s best-capitalised pubs and bars. Evening Standard · Dec 21, 2023
UK house prices to ‘fall up to 4%’ in 2024; business activity picks up in December – as it happened Halifax says no signs of spike in ‘forced sales’; eurozone heading for recession while UK avoids recession, surveys suggest The Guardian - UK · Dec 15, 2023
Bank of England keeps interest rates at 15-year-high The Bank of England has held interest rates at 5.25 per cent for the third time in a row and indicated that cuts are unlikely in the coming… The National (Scotland) · Dec 14, 2023
Bank of England holds interest rates at 15-year-high as economy flirts with recession The Bank of England has held interest rates at 5.25 per cent for the third consecutive time The Independent UK · Dec 14, 2023
Andrew Bailey is wrong. The Bank of England must cut interest rates now City Voices: If the Bank wants to avoid a long and damaging recession then it needs to act fast Evening Standard · Dec 12, 2023
UK employers limit hiring permanent staff amid economic stresses Vacancies declining as growth falters, recruiters’ body tells Bank of England The Guardian - UK · Dec 8, 2023
Bank of England's Financial Stability Report Highlights Resilience Amid Rising Interest Rates The Bank of England recently released its Financial Stability Report, spotlighting the resilience of UK households and businesses in the face of escalating interest rates. International Business Times UK · Dec 7, 2023
Bank of England To Assess Risks AI Poses To UK Financial Stability AI and machine learning have been used across the financial sector for at least a decade, such as to help detect fraud and money laundering. International Business Times UK · Dec 6, 2023
Bank Of England To Review Systemic Risks Posed By AI As the use of artificial intelligence (AI) becomes more widespread, the Bank of England's financial policy committee has grown increasingly concerned about the systemic threats posed by the broader adoption of AI. International Business Times · Dec 6, 2023
Bank of England will review the risks that AI poses to UK financial stability The Bank of England says it will make an assessment next year about the risks posed by artificial intelligence and machine learning The Independent UK · Dec 6, 2023
Blow for Rishi Sunak as UK to have second-slowest growth in G7 The OECD slashes its economic growth forecast for UK, while increasing expected inflation rate The Independent UK · Nov 29, 2023
OPINION - There's an uncomfortable truth about immigration, but neither Keir Starmer nor Rishi Sunak dare say it Cheerful news: Andrew Bailey, the Bank of England governor, thinks the economic outlook for the year ahead is “worst I have ever seen” — a challenge of such severity that it should be the main preoccupation of both the Government and its possible Labour heirs. Instead, fizzing anxiety at Westminster… Evening Standard · Nov 28, 2023
Andrew Bailey says Britain’s growth prospects are among the worst he has ever seen The governor of the Bank of England offered a scathing assessment of Britain’s future, saying interest rates will remain at 15-year highs and the rate at which inflation is falling will slow markedly this month The Independent UK · Nov 27, 2023
Evening Standard · Nov 27, 2023 OPINION - From interest rates to inflation and growth, Andrew Bailey is fresh out of good news Might interest rates begin to fall soon? With inflation dropping below five per cent and the UK economy flirting with recession, it's the question everyone from the prime minister to first-time buyers is asking. But this morning, the Governor of the Bank of England poured cold sick all over the…
The Guardian - UK · Nov 27, 2023 UK interest rates will stay high for some time, stresses Bank of England governor Andrew Bailey again dismisses speculation about rate cuts, saying fight to bring inflation down to 2% is ‘hard work’
The Independent UK · Nov 21, 2023 What borrowing figures mean for Rishi Sunak’s five priorities The Prime Minister has achieved one of his five priorities for the year, but the others remain in doubt.
The Guardian - UK · Nov 21, 2023 Bank of England warns markets are underestimating inflation risks – as it happened Andrew Bailey fears markets are downplaying risks of persistent inflation, as new figures show UK borrowing so far this year is £16.9bn less than expected
The Guardian - UK · Nov 20, 2023 ‘Far too early’ to propose UK interest rate cuts, says Bank of England governor Andrew Bailey warns more work to be done to bring inflation back to 2% target and further rate rises may still be necessary
The Independent UK · Nov 20, 2023 Elon Musk and Trump aide want journalists jailed over X Hitler exposé Media Matters reported that adverts from big brands including IBM, Apple, Oracle and Bravo were running next to pro-Hitler and antisemitic content on X
The Independent UK · Nov 17, 2023 Missouri's voter ID law is back in court. Here's a look at what it does A lawsuit has challenged the constitutionality of Missouri’s new law requiring voters to show photo identification to cast a regular ballot
The Guardian - UK · Nov 8, 2023 Brexit has hit UK’s economic openness, says Bank of England governor Andrew Bailey says free trade demands greater international cooperation on financial rule-making
Evening Standard · Nov 8, 2023 Brexit has damaged Britain’s 'openness,' says Bank of England governor Andrew Bailey Other economists say quitting the European Union has dealt a multi-billion pound blow to the UK
The Independent UK · Nov 8, 2023 Brexit has weakened UK trade opportunities, Bank of England governor warns Andrew Bailey lamented ‘the openness of the UK economy’ since Britain left the EU
The Independent UK · Nov 2, 2023 Bank of England holds interest rates at 5.25 per cent as zero growth forecast until 2025 Governor Andrew Bailey said it was “much too early” to think about cuts to interest rates