Bank of England

How the Chinese Devaluation Will Affect the UK's Current Account Deficit

Michael Martins | Posted 11.08.2015 | UK
Michael Martins

Today's decision by the People's Bank of China (PBOC) to devalue the yuan by 2% and change the way Chinese currency policy works will have economic ra...

BoE Bank Rate Rise: The Case for the Whimper, Not the Bang

Michael Martins | Posted 10.08.2015 | UK
Michael Martins

The Bank of England must balance competing and intertwined global and domestic priorities. The longer it maintains low interest rates and high levels ...

Prepare Yourself - Interest Rates Will Rise Soon

Angus Campbell | Posted 31.07.2015 | UK
Angus Campbell

So no matter how much businesses and consumers do not want to see the commencement of monetary tightening, we have to accept a normalisation is around the corner. At least with this much advanced warning, those that will be most affected need to prepare themselves now and will not be able to say they didn't see it coming.

Carney Reveals Likely Rise In Interest Rates

PA | Posted 16.07.2015 | UK

Bank of England governor Mark Carney has suggested that interest rates could begin to rise at the turn of this year. Carney said he expected the bank ...

When Is Being Anti-Business Not Being Anti-Business?

Stuart Thomson | Posted 12.06.2015 | UK
Stuart Thomson

The Government sells the story of its intervention in way that does not frighten businesses. Labour failed at this. Given public opinion and the Government's own actions, it is not the case that 'anti-business' measures are off the agenda but if you are going to do them then there is a need to get the message right.

Carney Warns Bankers 'The Age Of Irresponsibility' Is Over

The Huffington Post UK | Paul Vale | Posted 10.06.2015 | UK

Mark Carney demanded sterner custodial sentences for rogue bankers on Wednesday, the Bank of England chief declaring the "age of irresponsibility" ove...

Osborne's RBS Fire Sale Shows Reform of Britain's Banks Must Come From Within

Gail Cartmail | Posted 10.06.2015 | UK Politics
Gail Cartmail

Osborne is set to announce the fire sale of the public's share in the Royal Bank of Scotland. Since the taxpayers bailed out RBS to the tune of £45billion in 2008, the government have held an 80% share in the bank. This bailout saved the bank from the mismanagement of its own executives, including such luminaries as Fred 'The Shred' Goodwin. You'd be forgiven for believing that seven years on Osborne's sell-off must mean that Britain's banks have been purged of all that led to such bedlam in 2008; deregulation, bloated bonuses, toxic debts and a willingness to gamble money that makes Las Vegas seem puritan. In truth the Chancellor is selling our share in RBS at a massive loss.

QE for the People?

Christopher Bacon | Posted 27.05.2015 | UK Universities & Education
Christopher Bacon

The one downside would be that this would make the UK a fairer, stronger, and more attractive place to live, which might encourage more immigration. But this is something to be proud of.

Bank's 'Brexit' Project Was Revealed By Email Accidentally Sent To Guardian Journalist

PA | Posted 23.05.2015 | UK Politics

The Bank of England has launched a project to assess the economic risks to Britain if the country votes to leave the European Union in the referendum ...

Zero Inflation: UK Consumers' Love Of Instant Gratification Will Stop Us Turning Japanese

Nicola Horlick | Posted 05.06.2015 | UK
Nicola Horlick

My bet is that the UK consumer is not accustomed to waiting to spend. There is a culture of going for instant gratification, and consumer expenditure has been one of the major drivers of the economy over the last thirty-five years, leading to a large service element to the economy.

The Bank of England's Damascene Moment Shows Just How Important Web-watching is Becoming Within Finance - but Don't Think it's Easy

Emmett Kilduff | Posted 09.05.2015 | UK
Emmett Kilduff

Every minute of every day sees 100,000 new tweets, 2 million Google searches, and 347 new WordPress blogs, while consumers spend around $272,070 on online purchases.

What Has Become of the £375Billion Created by the Bank of England Under Quantitative Easing?

Adnan Al-Daini | Posted 18.04.2015 | UK Politics
Adnan Al-Daini

Politicians and opinion-formers, please stop listening to the "moneymen". Go back to first principles and start using some common sense.

Germany Won't Be Happy With What Mark Carney Just Said

The Huffington Post UK/PA | Jack Sommers | Posted 29.01.2015 | UK

Bank of England governor Mark Carney has attacked the Eurozone's efforts to restore its economy as "timid", urging it to make a "bold" move towards sh...

Cameron Gets Really Good Economy News... Just In Time For PMQs

The Huffington Post UK | Asa Bennett | Posted 21.01.2015 | UK Politics

David Cameron has received a well-timed political boost ahead of Prime Minister's Questions today after official figures revealed that unemployment ha...

Carney Prepares To Grovel To Osborne

The Huffington Post UK | Asa Bennett | Posted 13.01.2015 | UK Politics

Inflation has fallen below 1% in December, according to official figures, leaving Mark Carney with the embarrassing task of writing a letter to George...

The Bank Of England Had No Idea The Crash Was Coming

Press Association | Posted 07.01.2015 | UK Politics

The Bank of England congratulated itself on its handling of market turmoil during the early stages of the financial crisis, just a day before it was c...

Asa Bennett

Carney Could Hike Interest Rates Next Year, Should You Worry?

HuffingtonPost.com | Asa Bennett | Posted 24.12.2014 | UK Politics

In 2015, the Bank of England could do something that it has refused to do over 70 times in succession, in a decision that would impact on millions of ...

The Poll That Osborne Really Doesn't Want You To See

The Huffington Post UK | Asa Bennett | Posted 16.12.2014 | UK Politics

Labour have signed up to George Osborne's new charter for budget responsibility, despite dismissing it as “a silly political stunt”. Leaving as...

Who Should Be Afraid of 'Amelia'?

Oggy Boytchev | Posted 03.02.2015 | UK Tech
Oggy Boytchev

This entity speaks a robotic language, it is well versed in parliamentary procedure and his or her head is full of weird terminology, rules and regulations. Career politicians beware, Amelia is ready to take your job! She can give straight answers to straight questions. So, what is there for you to do?

Osborne Hopes You Don't Notice His Massive Political Humiliation

The Huffington Post UK | Asa Bennet | Posted 21.11.2014 | UK Politics

George Osborne has quietly dropped his legal fight against the EU's bank bonus cap while attention is diverted on the Rochester by-election. The Ch...

And You Thought The Pay Squeeze Was Finally Over...

The Huffington Post UK | Asa Bennett | Posted 18.11.2014 | UK Politics

Britons will have to wait a bit longer to feel the benefit of the pay squeeze ending, as official new figures indicate any wage gains have been comple...

You May Finally Earn A Bit More For The First Time In 5 Years

The Huffington Post UK | Asa Bennett | Posted 12.11.2014 | UK Politics

The pay squeeze may be nearing its end as new official figures indicate that the growth in wages is now outstripping prices for the first time in five...

Carney Doesn't Care If He Hurts Osborne's Election Chances

The Huffington Post UK | Asa Bennett | Posted 13.11.2014 | UK Politics

The governor of the Bank of England has rubbished suggestions that he is set to keep interest rates on hold until next autumn in order to help George ...

What Cap? Here's Why Bankers Will Get Away With Bumper Bonuses

The Huffington Post UK | Asa Bennett | Posted 23.10.2014 | UK Politics

Top bankers who get bonuses higher than allowed under EU law will get away with their awards, as it is "too far into this year", according to a senior...

Got A Mortgage? Carney Definitely Won't Ruin Your Christmas...

The Huffington Post UK | Asa Bennett | Posted 22.10.2014 | UK Politics

Bank of England officials have decided to keep interest rates low, fearing that rising them too quickly could "leave the economy vulnerable to shocks"...