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
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
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
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 Guardian - UK · Oct 5
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 Independent UK · Oct 1
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… The Economic Times · Sep 30
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. Evening Standard · 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 Guardian - UK · Sep 29
Bank of England chief pinpoints one factor that will cause interest rates to rise IN FULL The Independent UK · 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. Evening Standard · 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 Economic Times · Sep 25
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
The Independent UK · Sep 24 Will UK interest rates rise? Bank of England deputy issues new warning IN FULL
The Economic Times · Sep 24 Global Market: BoE's Lombardelli says rates may need to rise if energy prices stay high Bank of England Deputy Governor Clare Lombardelli said UK interest rates may need to rise if elevated energy prices persist and fuel broader inflation through wages, expectations and corporate pricing, unless economic activity shows clear signs of weakening.
The Independent UK · Sep 24 Bank deputy warns rate rise ‘increasingly likely’ if energy prices remain high The Bank has predicted that inflation will increase to around 3.7 per cent in the fourth quarter of this year
Evening Standard · Sep 24 Bank deputy says rate rise ‘increasingly likely’ if energy prices stay high It comes after inflation lifted to a five-month high of 3.1% last month, moving further away from the Bank’s 2% target rate.
Euronews · Sep 24 Britain's largest banks make first interbank transactions using tokenised deposits Britain's largest banks have completed what the industry describes as the first transactions anywhere using tokenised deposits to move money between one another, a milestone for a blockchain-based form of bank money that the Bank of England favours over privately issued stablecoins.
The Economic Times · Sep 23 Global Market: UK business growth cools as inflation pressures build in September British business activity weakened in September, with the services PMI falling to a three-month low while inflationary pressures intensified. Manufacturing improved modestly, but overall growth remained subdued. Weak hiring and business confidence, alongside higher borrowing costs, complicate the government’s outlook ahead of the October budget and increase pressure on the…
International Business Times UK · Sep 21 Britain Has 5% Savings Rates Yet Millions of UK Savers Are Still Leaving Their Cash To Earn Just 1.65% UK savers can find rates above 5%, but existing sight deposits averaged 1.65% in July. See how inflation could affect cash savings
The Independent UK · Sep 21 Bank of England to open new Leeds office in 2028 The central bank already employs just under 300 workers in its Yorkshire House office in Leeds and is set to relocate to the new site in late 2028.
The Guardian - UK · Sep 21 Fears over interest rate rise and jobs send UK consumer confidence to three-year low Blow to John Healey before budget as UK households face ‘notable strain’ on their finances
Evening Standard · Sep 21 Britons’ sense of job security slumps for all but tech workers Workers in all industries except for IT and telecoms were feeling less secure about their jobs last month, the S&P Global UK consumer index found.