Bank of England

Will the New Bank of England MPC Be More Hawkish?

Nick Beecroft | Posted 07.04.2014 | UK
Nick Beecroft

On March 18th Governor Carney unveiled a major reorg. at the Old Lady, naming two new Deputy Governors , with Ben Broadbent becoming Deputy Governor responsible for monetary policy, taking over for Charlie Bean, who retires at the end of June. This creates a vacancy on the MPC, as Broadbent is already on the committee.

Bank Of England Will Not Raise Interest Rates 'Until 2015'

PA/Huffington Post UK | Posted 06.04.2014 | UK

Bank of England rate-setters are expected to leave the cost of borrowing on hold this week amid signs that the pace of the recovery may be slowing dow...

The UK Is Still a Bloated Credit Junkie

Mike Beeson | Posted 03.04.2014 | UK Politics
Mike Beeson

To mere mortals, 'debt' is a four-letter word - something to be eschewed on pain of the workhouse or some equally grizzly fate. There's a whole industry in the UK that focuses on debt collection - lawyers, bailiffs and professional debt collectors who go by a number of rather fanciful 'noms de guerre'.

Get More Women Into Cabinet, Cable Tells Cameron

The Huffington Post UK | Asa Bennett | Posted 27.03.2014 | UK Politics

Vince Cable has openly called on David Cameron to improve the diversity of his cabinet by appointing more women. The Lib Dem business secretary's i...

Osborne Is 'Taking Us Back To A Debt-Fuelled Economy'

The Huffington Post UK | Asa Bennett | Posted 19.03.2014 | UK Politics

George Osborne told MPs in his Budget that the country "borrows too much and saves too little" as he announced a new individual savings account that w...

Economy At Risk If Interest Rates Stay Low, Warns Carney

The Huffington Post/PA | Posted 19.03.2014 | UK Politics

Bank of England governor Mark Carney warned the economy faced renewed dangers from excessive borrowing as encouraged by low interest rates. Carney ...

We Can't Afford Corporate Welfare

Prem Sikka | Posted 18.03.2014 | UK Politics
Prem Sikka

This week, in his budget speech, the UK Chancellor will refer to the usual need to reduce expenditure on social welfare and the deficit on public finances. One thing he won't talk about is the amounts spent on corporate welfare and how that is contributing to austerity, income and wealth inequalities, and deteriorating public finances.

Osborne Solves His 'Women Problem' At The Bank Of England

The Huffington Post UK | Asa Bennett | Posted 18.03.2014 | UK Politics

George Osborne has appointed Dr Nemat Shafik as the Bank of England's new deputy governor for markets and banking after widespread criticism for his f...

Tory Minister Suggests Women Don't Deserve To Be On Bank Of England's MPC

The Huffington Post UK | Asa Bennett | Posted 11.03.2014 | UK Politics

Tory minister Sajid Javid has sparked controversy for suggesting that women did not "merit" serving on the Bank of England's Monetary Policy Committee...

How Does Carney Think Keeping The Pound Is Like Being Pregnant?

The Huffington Post UK | Asa Bennett | Posted 11.03.2014 | UK Politics

An independent Scotland would need to ensure a formal currency union arrangement to keep the pound was completely viable, like being pregnant, Bank of...

Why Are MPs Preparing To Give BoE Governor Carney An Epic Grilling?

The Huffington Post/PA | Posted 10.03.2014 | UK Politics

Bank of England governor Mark Carney will face a marathon grilling by MPs over Scottish independence, the future path of interest rates and allegation...

Carney Urges Osborne To Put Women On BoE's Top Committee

The Huffington Post UK | Asa Bennett | Posted 07.03.2014 | UK Politics

George Osborne has been urged to consider appointing female economists to the Bank of England's entirely male monetary policy committee by bank govern...

The Politics of a Rate Rise

Gavin Devine | Posted 06.03.2014 | UK Politics
Gavin Devine

The decision in the past few weeks of Governor of the Bank of England Mark Carney to revise his 'forward guidance' on interest rates has been portrayed as an embarrassing about-turn by some. Others, including Mr Carney himself, have quite plausibly argued that his approach has managed expectations effectively. Thus far the markets, the media and politicians seem inclined to believe him.

'You're A Mug To Save'

The Huffington Post/PA | Posted 05.03.2014 | UK

The Bank of England's five-year policy of rock bottom interest rates has sent out the message that "you're a mug to save", experts have said. But w...

Branson's Bankers Set For Bumper Bonuses

The Huffington Post UK | Asa Bennett | Posted 03.03.2014 | UK

Virgin Money, Sir Richard Branson's banking division, will become the latest financial institution to say it is going to pay its bankers double their ...

'Carney's Delay Could See Brits Suffer Shock Interest Rate Rise'

The Huffington Post UK | Asa Bennett | Posted 26.02.2014 | UK Politics

Mark Carney's decision to keep interest rates at their historic 0.5% low could see families and business forced to suffer an interest "shock", a forme...

Rogue Foreign Banks Could Be Kicked Out Of The City

The Huffington Post UK | Asa Bennett | Posted 26.02.2014 | UK Politics

The Bank of England could ban foreign banks branches in Britain from the City of London if they fail to adhere to British standards of regulation. ...

Is Osborne Taking This Guy's Credit For The UK's Recovery?

The Huffington Post UK | Asa Bennett | Posted 26.02.2014 | UK Politics

Mario Draghi, the head of the European Central Bank, may have had "more to do" with the improving state of the UK's economy than George Osborne's poli...

Brace Yourself! BoE Official Says Interest Rates Could Rise Next Year

The Huffington Post UK | Asa Bennett | Posted 20.02.2014 | UK Politics

Interest rates are "most likely" to rise as soon as spring next year, in a move that would potentially hit families and small businesses as the cost o...

Good News For Mortgage Holders As Inflation Falls Below 2% Target

The Huffington Post/PA | Posted 18.02.2014 | UK Politics

Inflation has slipped below the Bank of England's 2% target for the first time in over four years, official figures from the Office for National Stati...

Carney: I Can't Stop Soaring House Prices

The Huffington Post UK | Asa Bennett | Posted 17.02.2014 | UK Politics

Mark Carney has warned that he cannot stop house prices soaring out of control as new figures show the average asking price has risen above £250,000....

10 Cheesy Business Chat Up Lines You HAVE To Try

The Huffington Post UK | Asa Bennett | Posted 14.02.2014 | UK

Business is clearly full of beautiful people, as shown by Yahoo boss Marissa Mayer and Mark Carney, the 'George Clooney'-esque governor of the Bank of...

UK's Rapid Recovery Causes Carney to Change Tack

Jeremy Cook | Posted 14.04.2014 | UK
Jeremy Cook

The latest Quarterly Inflation Report from the Bank of England has seen Governor Mark Carney and the remainder of Monetary Policy Committee continue to emphasise that interest rates in the UK will remain low 'for some time'.

Floods Will Hit Economic Recovery, Warns Carney

The Huffington Post UK | Asa Bennett | Posted 13.02.2014 | UK Politics

Britain's economic recovery will suffer "disruption" due to the destruction caused by the floods, Bank of England governor Mark Carney has warned. ...

BoE: 'The Recovery Is Neither Balanced Nor Sustainable'

The Huffington Post UK | Asa Bennett | Posted 12.02.2014 | UK Politics

Mark Carney has warned that Britain's economic recovery has not yet gained enough momentum, in a sobering assessment after several quarters of growth....