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DARK SECRETS: 48 | Rare Historical Photos

UK economy shows signs of steadying amid pause in interest rate rises

Modest fall in mortgage costs and rising manufacturer confidence fuel hopes that pressure is easing on consumers and companies

The Guardian - UK

UK house prices rise for third straight month as mortgage rates fall

Nationwide says average property price was £258,557 in November, £5,231 down on same month last year

The Guardian - UK

How underrated chancellor Alistair Darling helped weather financial crisis

Labour politician, who has died aged 70, faced toughest challenge of his career when economy crashed in 2008

The Guardian - UK

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Bank of England Warns of Potential Market Correction Amidst Economic Uncertainties

The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.

International Business Times UK

Central Banks Risk Tipping UK and Other Developed Countries Into Recession

The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.

International Business Times UK

Inflation has affected the UK, US and Europe differently – here's what this means for interest rates

The Bank of England’s governor has repeatedly warned that it will not cut UK interest rates any time soon, even with a recent sharp fall in consumer price inflation.

The Conversation

UK forecast for second-worst economic growth in the G7

The UK economy is set for the second-slowest growth of the world’s G7 advanced economies, according to new forecasts.

The National (Scotland)

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Why the Fed should treat climate change's $150B economic toll like other national crises it's helped fight

Climate disasters are now costing the United States US$150 billion per year, and the economic harm is rising.

The Conversation

UK mortgage approvals increase after interest rates held at 5.25%

Bank of England figures showed that 47,400 mortgages were approved for house purchases in October.

The Independent UK

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

Bank of England interest rate-setter: 'Nobody could have forseen' double-digit inflation spike in 2021

“Crucially, nobody could have reasonably foreseen this historically unprecedented pattern of shocks,” Jonathan Haskel said

Evening Standard

The rule of ‘72’ and how the Bank of England's inflation target destroys your savings

City Voices: How inflation destroys your spending power

Evening Standard

Tories Slammed For Brexit After Bank of England Says It Has 'Chilled' UK Economy

The financial impacts of Brexit have left UK business investment levels "chilled", according to the Deputy Governor of the Bank of England.

International Business Times UK

Meet Andrew Hauser, the outsider from the UK who'll be deputy governor of the RBA

In a significant step towards reforming Australia’s Reserve Bank, Treasurer Jim Chalmers has stepped outside the bank and outside of Australia to select Andrew Hauser, a British economist, as its new deputy governor.

The Conversation

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The Independent UK

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

Evening Standard

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 - AU

Jim Chalmers appoints outsider and former Bank of England executive director as deputy RBA governor

Rare appointment of outsider Andrew Hauser to senior position comes after review found bank should encourage ‘diverse viewpoints’

The Guardian - UK

Powerful Lords committee damns Bank of England over inflation forecasts

Report says lack of ‘intellectual diversity’ at senior level and too wide a range of priorities led to errors and fall in public confidence

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The Independent UK

Bank of England has relied on ‘inadequate’ forecasts, Lords report says

The report recommended that ‘the Bank’s remit should be pruned by HM Treasury’.

The Independent UK

Hunt’s tax cuts mean interest rates won’t drop until summer 2024, economists warn

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

Evening Standard

OPINION - The Standard View: Jeremy Hunt is walking a tightrope on tax cuts

Having met his pledge to halve inflation by the end of the year — albeit thanks to the Bank of England — Rishi Sunak has confirmed that tax cuts will be in tomorrow’s Autumn Statement. Much of the focus is likely to fall on business taxation in the face of…

The Guardian - UK

UK millionaires group projects ‘tax our wealth’ on to Treasury and Bank of England

Jeremy Hunt should increase taxes on rich to help fund public services for all, says Patriotic Millionaires UK

Evening Standard

Benefits claimants told 'it's your duty to work if you can' as Jeremy Hunt prepares to unveil Autumn Statement

Welfare reforms will include more support to help people find work and a tougher sanctions regime for the work-shy

Evening Standard

UK's banks among worst in world for saving deals

Research shows: 10 country study has UK banks among the worst

The Guardian - UK

Hollywood ending unlikely for Jeremy Hunt, with progress on economy slow

Chancellor is upbeat but there is little chance of autumn statement changing voter perceptions of Tory plan

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