Bank of England

Salmond Will Hate What This Guy Has To Say About Scottish Independence

The Huffington Post UK | Asa Bennett | Posted 22.08.2014 | UK Politics

Scottish independence could lead to "capital flight" as savers rush to move their money out of the country, the chairman of HSBC has warned. Dougla...

What Kind of Growth Do You Want?

Phil Shanks | Posted 21.08.2014 | UK Politics
Phil Shanks

All the indicators suggest to me that the growth that we have is almost entirely due to the velocity of cash within the economy. The more times a pound is spent and re spent the greater the flow and this has an upward effect on growth.

Rate Hike Votes Three Years in the Making

Jeremy Cook | Posted 21.08.2014 | UK
Jeremy Cook

Today, the UK economy is in a lot better shape. Growth of 3.2% in the year to July - the strongest in the G10 - and the fears that to hold off on rate rises would create potential for dangerous bubbles in credit markets have been enough to move the votes of Martin Weale and Ian McCafferty to vote for a 25bps increase.

Tory MP Warns Osborne Rising Interest Rates Could Be A 'Catastrophe'

The Huffington Post UK | Asa Bennett | Posted 20.08.2014 | UK Politics

Rising interest rates could be a "social catastrophe" that causes Britons to lose their jobs, with families plunged into financial "crisis" within day...

Should Interest Rates Rise Right Now? Some BoE Officials Think So

The Huffington Post UK | Asa Bennett | Posted 20.08.2014 | UK Politics

Two Bank of England rate-setters have backed increasing interest rates from their historic 0.5% low, arguing that it could be done without putting the...

Bank of England - Confusion Reigns

Nick Beecroft | Posted 18.08.2014 | UK
Nick Beecroft

As I write, the likelihood of imminent rate rises in the UK still hangs in the balance, following the release of another strong set of employment figures and, shortly afterwards, a still surprisingly dovish Bank of England Quarterly Inflation Report, (QIR).

Rents On The Rise As Housing Eats Up More Of Your Income

The Huffington Post/PA | Posted 15.08.2014 | UK

Millions of Britons are feeling the pinch as they see more than half of their disposable income gobbled up by rent or mortgage payments, according to ...

Cut the Snark Mark, Even If Your Masterplan Is a Muddle

Asa Bennett | Posted 14.08.2014 | UK Politics
Asa Bennett

"It seems a muddle", I wondered aloud after he presented the Bank's latest outlook for the economy. What was his response? He glowered, and shot back: "You're muddled, I'm afraid." Sitting at his side, deputy governor Ben Broadbent duly chuckled at Carney's catty response. I was almost surprised he didn't offer a saucer of milk.

'I'm Not Muddled, You're Muddled'

The Huffington Post UK | Asa Bennett | Posted 13.08.2014 | UK Politics

A defensive Mark Carney accused his critics of being "muddled" as he signalled that the Bank of England will finally hike interest rates when Britons'...

BoE May Wait Until Your Wages Rise Enough To Hike Interest Rates

The Huffington Post UK | Asa Bennett | Posted 12.08.2014 | UK Politics

Mark Carney is set to signal that Bank of England rate-setters will finally hike interest rates once the growth in Britons' wages takes hold. Brita...

How Can the UK Get Its Exchange Rate Down?

John Mills | Posted 11.08.2014 | UK Politics
John Mills

In the UK we have real difficulty in facing up to having, arguably, the most overvalued currency in the world. We need to get our exchange rate down or we'll never secure sustainable long-term growth. But how does a government make this happen?

It May Be Up To This Guy To Cool Britain's Property Market

The Huffington Post UK | Asa Bennett | Posted 11.08.2014 | UK Politics

Mark Carney may be forced to step in again to cool Britain's roaring property market as a recent mortgage clampdown has turned out to be more of a "ge...

Asa Bennett

5 Questions Darling Should Ask Salmond In Tonight's Debate

HuffingtonPost.com | Asa Bennett | Posted 05.08.2014 | UK Politics

Alistair Darling and will Alex Salmond duke it out tonight over Scottish independence for two hours in a live televised debate on the Scottish STV ch...

Boris' City Hall Staff Get Free Help To Stay Mindful

The Huffington Post UK | Asa Bennett | Posted 04.08.2014 | UK Politics

London mayor Boris Johnson may be known for bounding about the political stage in the style of a human dynamo, but his staff at City Hall are at least...

You'll Never Have Got Poorer So Fast By 2015 Since The Victorian Era

The Huffington Post UK | Asa Bennett | Posted 31.07.2014 | UK Politics

Britons' wages will by next May never have shrunk so far over the course of a single term of parliament in real terms since the Victorian era, damning...

Bankers Urged To Swear An Oath Not To Rip Off Their Customers

The Huffington Post UK | Asa Bennett | Posted 29.07.2014 | UK Politics

Bankers should swear an oath "never to harm" their customers in the same way as doctors do, a think-tank has said. The Respublica think-tank's sugg...

You Need To Know How This Bank Governor Could Ruin Your Day

The Huffington Post/PA | Posted 24.07.2014 | UK Politics

Britons need to wake up to how much more financial pressure they could be put under when the Bank of England raises interest rates from the UK's histo...

Carney Says UK Economy Must Perform Like A Marathon Runner

The Huffington Post UK | Asa Bennett | Posted 23.07.2014 | UK Politics

Mark Carney has declared that Britain needs the "hard work, dedication and perseverance" of an athlete to win the global "economic marathon". Speak...

Did Osborne Really Save The Economy? Bank Of England Doesn't Think So..

The Huffington Post UK | Asa Bennett | Posted 23.07.2014 | UK Politics

The Bank of England's prudent decisions after the financial crash helped ensure the UK's economic recovery took hold, a senior Bank economist has said...

UK House Prices Will Rise Even Faster Than You Thought

The Huffington Post/PA | Posted 21.07.2014 | UK

UK house prices could rise by as much as 9.1% this year as Britain's economic recovery takes hold, new research has indicated. Property website Rig...

Debts: What Options Do We Really Have?

Sarah Moyes | Posted 09.07.2014 | UK
Sarah Moyes

It's really hard to find anyone these days that doesn't have some sort of debt hanging over them. If you've graduated from university, certainly in the last 10 years, then chances are you will still be paying off your student loan today...

Confidence in the Banks Creep Back - But Much Left to Do

Peter Aykens | Posted 03.07.2014 | UK
Peter Aykens

The tide is finally beginning to turn when it comes to trust in the banking industry. After the collapse of public trust following the uncertainty of the financial crisis, confidence levels are slowly returning - if only among those with higher bank balances.

Carney Deputy Warns Housing Market Is 'Biggest Risk' To UK Economy

The Huffington Post UK | Asa Bennett | Posted 03.07.2014 | UK Politics

The housing market remains the "biggest risk' to Britain's economy, Bank of England deputy governor Sir Jon Cunliffe has warned. Cunliffe, who over...

London House Prices Soar At Fastest Rate In 27 Years

The Huffington Post/PA | Posted 02.07.2014 | UK

House prices in London have soared at their fastest rate in 27 years, smashing through the £400,000 average property mark for the first time, Nationw...

WATCH: Carney Thinks Cable's Mortgage Cap Would Ruin The Recovery

The Huffington Post UK | Asa Bennett | Posted 27.06.2014 | UK Politics

Bank of England governor Mark Carney has dismissed Vince Cable's call to cap mortgages at three-and-a-half times a house-buyer's salary, warning that ...