Only half of 18 to 24-year-olds ‘can afford basic living costs each month’ Credit is often bridging the gap between income and essential outgoings for young adults, those behind the research said. Evening Standard · 9h ago
Shakespeare's Globe accused of 'discriminating' with higher school trip fees for private pupils Organisations across London have been accused of ‘penalising’ pupils at fee-paying establishments with ‘two-tier pricing’ for school trips Evening Standard · Oct 10
Churchill Replaced by a Hedgehog on UK £5 Note as Bank of England Faces 'Erasing History' Backlash The Bank of England has chosen a hedgehog, barn owl, buff-tailed bumblebee and Atlantic puffin for future banknotes, prompting criticism over the removal of historical figures. International Business Times UK · Oct 9
Global Market: BoE’s Pill says central banks must stay focused on fighting inflation Bank of England Chief Economist Huw Pill urges central banks to prioritise inflation control amid rising global bond yields. Divisions among UK policymakers over interest rates persist as they assess inflation risks linked to the Iran war. The Economic Times · Oct 9
BoE to put barn owls, bees on future notes The Bank of England is embracing a new approach by swapping out renowned Britons on banknotes for images of local wildlife like barn owls, bumblebees, and hedgehogs. This initiative follows a public consultation with around 500,000 participants voting on animal preferences. Despite a decline in cash transactions amid the COVID-19… The Economic Times · Oct 9
Bank of England's Bailey says government debt commitments needed more than ever Bank of England Governor Andrew Bailey highlighted the importance of credible fiscal policies for stabilizing public finances. Rising inflation and high levels of government borrowing put pressure on global bond markets. He emphasized that realistic debt commitments could mitigate demands for higher returns from bond investors. Bailey also noted the… The Economic Times · Oct 8
Lenders expect credit card defaults to increase in months ahead, survey finds The Bank of England’s Credit Conditions Survey found such defaults have already increased in recent months. Evening Standard · Oct 8
Global Market: European stocks slide as oil surge revives inflation concerns European shares fell as banks hit over three-month lows amid rising bond yields and oil prices. Investors worried persistent inflation could constrain central bank rate cuts and hurt growth, while markets awaited ECB, Federal Reserve and Bank of England signals. The Economic Times · Oct 8
Oil and gas prices jump on Middle East shipping attacks, sending bond yields higher and stocks lower – as it happened Brent crude tops $105 a barrel amid attacks on tankers and squeeze on US oil output in Gulf of Mexico as storm Isaias approaches The Guardian - UK · Oct 8
Bank of England reveals animals to feature on banknotes Nearly half a million people took part in a consultation to choose the next generation of Bank of England notes Evening Standard · Oct 7
Winston Churchill dropped for wildlife drawings on new bank notes Four animals will feature in the new series that will be launched over the next few years, the Bank of England said The Independent UK · Oct 7
Bank of England reveals animals to feature on next banknotes The first denomination from the new series will be launched over the next few years, the Bank of England said. Evening Standard · Oct 7
Global Market: Hedge fund group warns BoE repo reforms could worsen market stress Hedge fund group AIMA has warned the Bank of England that proposed gilt repo reforms, including wider central clearing, could reduce liquidity and increase vulnerability to funding disruptions during periods of market stress. The Economic Times · Oct 7
Wednesday briefing: Is it time to end the Bank of England’s independence? In today’s newsletter: As MPs launch a fresh inquiry into the Bank, leading economists make their case for rethinking one of Britain’s most powerful institutions The Guardian - UK · Oct 7
The Guardian - UK · Oct 5 Average five-year fixed mortgage rate hits 6% for first time in three years Banks and building societies raise prices as turmoil in bond markets increases expectations of base rate rise
The Independent UK · Oct 1 AI could be a ‘very powerful weapon’ in wrong hands, warns Bank of England chief IN FULL
The Independent UK · Oct 1 Bank of England boss issues stark warning on AI threat to UK economy Governor Andrew Bailey said the technology could be a ‘very powerful weapon’ in the wrong hands
The Economic Times · Sep 30 Global Market: BoE's Taylor says energy prices alone do not justify rate hike Bank of England policymaker Alan Taylor said further rate increases remain unlikely unless higher energy prices generate persistent, broad-based inflation. He noted limited second-round effects, moderate wage growth and subdued food-price pressures. With rates held at 3.75%, policymakers remain divided as they monitor wages, services inflation, energy costs and economic…
Evening Standard · Sep 29 Bank of England policymaker says raising interest rates ‘not compelling’ Alan Taylor, a member of the MPC, played down the need for pushing up borrowing costs.
Evening Standard · Sep 29 UK mortgage approvals fall to lowest since end of 2023 Some 54,900 mortgages were approved for a house purchase in August, decreasing from 55,900 in July, the Bank of England said.
The Guardian - UK · Sep 29 UK government pays highest interest rate on 10-year debt since 1999 at bond auction – as it happened Rolling coverage of the latest economic and financial news
The Independent UK · Sep 25 Bank of England chief pinpoints one factor that will cause interest rates to rise IN FULL
Evening Standard · Sep 25 High energy prices will make it ‘harder’ to avoid interest rate hike – Bailey It comes only a day after a deputy governor at the Bank said a rate hike is looking ‘increasingly likely’ if energy prices remain elevated.
The Economic Times · Sep 25 Global Market: BoE officials signal growing openness to rate hike as energy costs stay high Bank of England policymakers are signalling greater openness to a rate hike as elevated energy prices threaten to keep inflation above target, while markets increasingly price in a possible November increase.
The Guardian - UK · Sep 25 Andy Burnham talks about ‘public control’ of the utilities but it’s a minefield. We can lead him through it Nationalisation is not the ultimate answer for companies like Thames Water – but they could be run for the public benefit, say journalist and economist Will Hutton and former chief economist of the Bank of England Andy Haldane