UK economy in ‘horrible bind’ as recession looms with no room for tax cuts, say experts Britain in for ‘protracted period of high taxes and tight spending’, says Institute for Fiscal Studies The Independent UK · Oct 17, 2023
Bank of England has more ‘work to do’ to control inflation, says chief economist Huw Pill raises possibility of interest rate rise, saying war between Israel and Hamas may affect oil priceBusiness live – latest updates The Guardian - UK · Oct 16, 2023
Yet another Bank of England rate rise looks likely – but this may be the last Rising unemployment and sluggish economic growth are unlikely to derail Threadneedle Street’s drive to curb inflation The Guardian - UK · Sep 17, 2023
High interest rates ‘will lead to thousands of UK firms failing in 2024’ Thinktank Cebr expects Bank rate to rise twice more and predicts 28,000 insolvencies over next year The Guardian - UK · Sep 3, 2023
UK on recession alert after big falls in factory output and house prices Signs of distress from very different parts of economy will add to Bank of England’s dilemma over interest rates The Guardian - UK · Sep 1, 2023
Mountain view: Bank top economist offers two routes to beating inflation Huw Pill says he prefers longer, more steady use of interest rates of Table Mountain model over sharp rise and fall of Matterhorn approach The Guardian - UK · Aug 31, 2023
Cost-of-living crisis: is the UK over the worst of it? The rate of price rises has fallen sharply, according to official figures, leading some experts to suggest that the UK may be getting past the worst of the cost-of-living crisis. The Week · Aug 16, 2023
Another interest rate rise? News on prices and wages may decide The MPC will look at this week’s earnings and inflation figures, but energy volatility could also come into play The Guardian - UK · Aug 12, 2023
UK house prices drop for fourth month running, as Halifax predicts ‘gradual decline’ – as it happened Average house price fell by -0.3% in July, and is 2.4% lower than a year ago, but Halifax doesn’t expect ‘precipitous decline’ in coming months The Guardian - UK · Aug 7, 2023
Bank of England admits its own forecasts ‘unworkable’ in inflation crisis Central bank’s model ‘based on last quarter century’, concedes chief economist Huw Pill The Independent UK · Jun 28, 2023
UK business minister says Thames Water must survive; Bank of England governor understands criticism over rate hike – as it happened Rolling coverage of the latest economic and financial news, as government begins drawing up contingency plans for the collapse of Thames Water The Guardian - UK · Jun 28, 2023
Watch: Top Bank of England economists face questions on interest rate increases The Bank of England’s top economists faced questions on interest rates on Tuesday, 23 May. The Independent UK · May 23, 2023
The U.K. economist who told Brits to 'accept' being poorer apologizes—kind of A top U.K. economist ruffled feathers with tactless remarks last month about inflation's primary cause. Fortune · May 16, 2023
Millions face mortgage pain as Bank of England raises interest rate to tackle ‘stubbornly high’ inflation UK to avoid recession, forecast finds – as economists warn Bank may have gone too far in raising rate The Independent UK · May 11, 2023
The Guardian - UK · May 11, 2023 Bank of England lifts inflation and growth forecasts as it raises interest rates to 4.5% – business live BoE governor Andrew Bailey predicts inflation will have halved by the end of this year, thanks to falling energy bills
The Guardian - UK · May 11, 2023 1.5m UK homeowners on variable rate mortgages face new borrowing rise Poll of City analysts shows unanimous expectation of Bank of England raising interest rates to 4.5%
The Guardian - UK · Apr 30, 2023 The Bank of England was right, inflation has made us poorer. But whose fault is it? Central banks are keen to blame the surge in inflation on anyone but central banks
Daily Mirror · Apr 29, 2023 'We are not ALL worse off, as fat cat bank chief Huw Pill (on £190k) reckons' Bankers seem to be doing OK. The guy who runs British Gas got a £3.7million bonus last month. On top of his £790k salary
Daily Mirror · Apr 29, 2023 Bank of England boss at centre of row over 'poor' comments lives in flat owned by parents Huw Pill, 54, who earns £190,000 a year, sparked outrage when he said workers should stop asking for pay rises during the cost of living crisis
Daily Mirror · Apr 28, 2023 'Rich just get richer while poor have to accept being poorer' Brian Reade on this week's slap in the face from the Bank of England's Huw Pill, hard to stomach when you consider the pay of FTSE 100 bosses surged 23% last year as ordinary folk flatlined
The Guardian - UK · Apr 27, 2023 Huw Pill’s claim that we are all worse off is false. The rich have got richer Letters: Public sector workers and food bank users don’t need the Bank’s chief economist to tell them who is worse off and who not, says Janet Dubé. Plus letters from David Redshaw, Mike Alcock, Austen Lynch and Andy Stelman
The Week · Apr 27, 2023 Is it time for Britons to accept they are poorer? The Bank of England’s chief economist has come under fire for urging British people to accept they are poorer.
The Guardian - UK · Apr 26, 2023 The Guardian view on Britons getting poorer: don’t accept it Editorial: ‘We’re all worse off,’ says the Bank of England. Pull the other one
The Guardian - UK · Apr 26, 2023 ‘People can’t just get used to it’: Wolverhampton reacts to Bank of England comments Local authority with highest fuel poverty rate in England is angry at economist’s comment Britons ‘need to accept’ being worse off
Fortune · Apr 26, 2023 'Keep Calm and Carry On' has turned into accept 'we're all worse off' for Brits—and they're furious The nation known for its stiff upper lip is refusing to accept it's getting poorer, the chief economist at its central bank said.