Bank of England

This Is What You Need To Know If You Still Have An Old £5 Note

The Huffington Post | Sarah Harris1 | Posted 22.03.2017 | UK

There was quite some commotion caused by the new £5 note when it was brought into circulation back in September last year. Between John Humphrys chew...

What Might The OBR Change Mean For The Forecast This Budget?

Catherine Colebrook | Posted 07.03.2017 | UK Politics
Catherine Colebrook

Even though the Autumn Statement was only a little over three months ago, we could see more change than usual to the OBR's economic and fiscal forecasts this week. As with all forecasts, the OBR makes several judgement calls in deciding what it thinks will happen to business investment, employment, wages and tax receipts in the coming years - a new boss means a greater than usual probability that those assumptions could change.

A Decision Has Finally Been Made On The New £5 Note Animal Fat Controversy

The Huffington Post | Kathryn Snowdon | Posted 15.02.2017 | UK

The new £5 note will not be taken out of circulation, the Bank of England said on Wednesday, despite concerns that it contains animal fat. The bank s...

Co-operative Bank For Sale As It Braces Itself For A 'Significant' Loss

The Huffington Post | Kathryn Snowdon | Posted 13.02.2017 | UK

The Co-operative Bank is being put up for sale as concerns mount over its capital position. The bank, which has four million customers, said that it...

I'm Forever Blowing Bubbles: Boom Time In Brexit Britain

Gavin Devine | Posted 07.02.2017 | UK Politics
Gavin Devine

So to the triumphant and triumphalist Brexiteers I would sound a small note of caution. I genuinely, genuinely, hope you're right. Sometimes I believe the Prime Minister, and sometimes I believe that with luck and a fair wind we will soon embark on a period in which, liberated from the shackles of Brussels, our entrepreneurial spirit returns, our productivity is transformed, our economy booms and everything goes swimmingly. Fingers crossed. But let's wait and see before we get complacent, eh?

NASA's New Spacesuit Is Essentially The Most Advanced 'Onesie' Ever Created

The Huffington Post | Oscar Williams | Posted 26.01.2017 | UK Tech

Either Boeing or Space X will make history next year as they vie to be the first firm to send astronauts to the International Space Station. But Boein...

Brexit Briefing: Michael Fish, Apologetic Experts and Jenga

The Huffington Post | Owen Bennett | Posted 30.01.2017 | UK Politics

All you need to know from the world of Brexit this week. You can sign up for this briefing by clicking here, and you’ll receive it straight to your ...

Here's The Full Story Behind Those 'Michael Fish Error' Brexit Headlines

The Huffington Post | Christopher York | Posted 06.01.2017 | UK

Newspapers have pounced on comments made by the Bank of England’s chief economist as evidence economists were wrong to predict financial gloom in th...

A Japanese Insurance Firm Is Actually Replacing Its Workers With Artificial Intelligence

The Huffington Post | Oscar Williams | Posted 05.01.2017 | UK Tech

A Japanese insurance firm is set to replace 34 workers with an artificial intelligence (AI) system, lending weight to fears that robots will decimate ...

UK Economy Brexit Fears Unfounded In 2016 But 2017 Could Be A Whole Different Story

The Huffington Post | Christopher York | Posted 01.01.2017 | UK

The UK economy defied expectations in 2016 as Britons decided to keep calm and carry on spending following the Brexit vote, but there are fears it cou...

Second £5 Note With Jane Austen Engraving Worth £50,000 Found In Christmas Card

The Huffington Post | Kathryn Snowdon | Posted 30.12.2016 | UK

A £5 note engraved with a tiny portrait of Jane Austen, thought to be worth up to £50,000, has been found in a Christmas card. The second of four Ba...

Brexit Is A ‘God-Given’ Opportunity To Steal Trade From UK Says Trump Aide

The Huffington Post | Sara C Nelson | Posted 26.12.2016 | UK

A billionaire businessman chosen by US President-Elect Donald Trump as his new trade chief has said that Brexit represents a “God-given opportunity...

United Kingdom's Five Economic Events Of 2016

Vikram Kumar Khosla | Posted 23.12.2016 | UK
Vikram Kumar Khosla

It's been a big year. Whether that be politically in elections and referendums or economically with big decisions being made. I look back over five aspects of 2016, where the United Kingdom's economy was impacted.

Don't Imagine 2016 Was An Outlier

Angus Campbell | Posted 16.12.2016 | UK
Angus Campbell

If anyone says they saw all that happened in 2016 coming they are lying. There's the wonderful stat that one of the big bookmakers released after Dona...

Is Your Job Among The 15m That Could Be Replaced By The 'Merciless' March Of Robots?

The Huffington Post | George Bowden | Posted 06.12.2016 | UK

Mark Carney has warned up to 15 million British jobs could be replaced by robots amid a “merciless” technological revolution - and economists are ...

Inventor Behind New Fivers Says Being Upset Over Non-Vegan Notes Is 'Absolutely Stupid'

The Huffington Post | Sarah Harris1 | Posted 02.12.2016 | UK

The Australian inventor of the polymer used on the new fiver has said the row over traces of animal fat in the note is “absolutely stupid”. It cam...

Bank Of England's Note Supplier Working On 'Potential Solutions' To Animal Fat Fivers

The Huffington Post | Sarah Harris1 | Posted 01.12.2016 | UK

The Bank of England has said its supplier is working on “potential solutions” after more than 100,000 people signed a petition calling on them to ...

Animal Fat In £5 Note 'Utterly Unacceptable', Says Hindu Forum Of Britain

The Huffington Post | Sarah Harris1 | Posted 30.11.2016 | UK

The use of a derivate of animal fat in the new £5 note is “totally and utterly unacceptable”, the Hindu Forum of Britain has said, following reve...

Turns Out The New £5 Note Isn't Acceptable To Vegans Or Vegetarians

The Huffington Post | Sarah Harris1 | Posted 01.12.2016 | UK

Vegetarians and vegans have been left horrified after it was revealed that the new £5 note contains a derivative of animal fat. This was revealed whe...

The Bank Of England Spent £100k On A Party And People Aren't *Particularly* Happy

The Huffington Post | Sarah Harris1 | Posted 27.11.2016 | UK

The Bank of England spent almost £100,000 of taxpayers’ money on its annual summer party, just weeks after the Brexit vote and as the country grapp...

Ed Balls Warns Brexiteers: Stop Undermining Bank Of England

The Huffington Post | Paul Waugh | Posted 16.11.2016 | UK Politics

Central bankers like Mark Carney should give up some of their “political independence” in a bid to reassure the public they are on their side and ...

UK Economy Fights Back Despite Brexit Fears

Vikram Kumar Khosla | Posted 01.11.2016 | UK Politics
Vikram Kumar Khosla

However, the next few years are going to be important because the negotiations with the EU will be key in ensuring the economy carries on growing and the actual impact once we officially leave the European Union will determine if there will be a recession or not and if we would have been better off in or out of the European Union.

A Tory MP Thinks 'Biased' Mark Carney Should Have Gone As Bank Of England Governor Stays To 2019

The Huffington Post | Graeme Demianyk | Posted 31.10.2016 | UK

Mark Carney has earned praised after announcing he will remain as Governor of the Bank of England for another year in the face of “toxic” briefing...

PM Defies Brexiteers To Back Bank Governor Mark Carney

The Huffington Post | Paul Waugh | Posted 31.10.2016 | UK Politics

Theresa May has given Bank of England Governor Mark Carney her full backing after attacks from Tory Eurosceptics who called him a ‘rockstar banker...

Flash Crash Of Pound: Challenges For Central Bank

Tehreem Husain | Posted 19.10.2016 | UK Politics
Tehreem Husain

Uncertainty can prove to be detrimental if not effectively managed at the right time and can give rise to tough challenges for economic managers and central bankers alike.