Bank of England

We're On The Verge Of Becoming A 'Permanently Divided' Nation

The Huffington Post UK | Asa Bennett | Posted 20.10.2014 | UK Politics

Britain is on the verge of becoming a "permanently divided" nation with the poorest in society left behind, a major new report has warned. In a sta...

Top BoE Offical Goes All '50 Shades Of Grey' With Verdict On UK Economy

The Huffington Post UK | Asa Bennett | Posted 17.10.2014 | UK Politics

The Bank of England's chief economist has raised eyebrows by suggesting that interest rates could stay lower for longer as the economy is "writhing in...

Asa Bennett

RBS Boss Fears You're Not Prepared For Interest Rate Rises

HuffingtonPost.com | Asa Bennett | Posted 16.10.2014 | UK Politics

Mortgage holders may not be able to cope with the extra financial pressure when interest rates rise, Royal Bank of Scotland's chief executive has war...

Asa Bennett

Bank Of England Deputy Has A Rather Stark Warning About The Banks

HuffingtonPost.com | Asa Bennett | Posted 17.10.2014 | UK Politics

The world needs to better co-ordinate its financial regulations in order to avoid another banking crisis, Bank of England deputy governor Jon Cunliffe...

Bank Of England Actually Had Some Dramatic Plans If Scotland Voted Yes...

The Huffington Post UK | Asa Bennett | Posted 10.10.2014 | UK Politics

Mark Carney stood ready to flood the financial markets with millions of pounds in extra emergency funding if Scotland voted for independence, it has e...

Saving Up? Carney Is Still Not Going To Help You...

The Huffington Post/PA | Posted 09.10.2014 | UK Politics

The Bank of England left interest rates on hold at 0.5% today amid increasing concerns that the recovery is slowing. Bank governor Mark Carney has ...

Interest Rates To Remain At Historic Low

PA/Huffington Post UK | Posted 08.10.2014 | UK

Interest rates are expected to remain on hold tomorrow as signs of slowing economic growth and a cooling housing market ease pressure on the Bank of E...

Here's Why You May Not Need To Worry About A Housing Bubble

The Huffington Post/PA | Posted 08.10.2014 | UK

The housing market showed further signs of a cool-down in September and the trend towards softer property price growth is likely to continue into 2015...

A Tory Eurosceptic Has Threatened To 'Punish' Pro-EU Businesses

The Huffington Post UK | Jessica Elgot | Posted 29.09.2014 | UK Politics

One of the Tories' most outspoken Eurosceptic MPs has said pro-EU businesses should be "punished" if they are seen to be "meddling in politics". In...

Asa Bennett

Ex-Bank Of England Official Slams Labour's 'Very Disruptive' Mansion Tax

HuffingtonPost.com | Asa Bennett | Posted 25.09.2014 | UK Politics

Labour's plan to hit houses worth over £2 million with a so-called 'mansion tax' would be "very disruptive" and hurt house prices, one of Britain's t...

Why Interest Rates Could Rise 'More Quickly'

The Huffington Post UK | Asa Bennett | Posted 25.09.2014 | UK Politics

The Bank of England may "have to move more quickly" to raise interest rates if the economic recovery does not see productivity increase along with wag...

#IndyRef Has Just Ruined Osborne And Carney's Trip To Australia

The Huffington Post UK | Asa Bennett | Posted 12.09.2014 | UK Politics

Chancellor George Osborne and Bank of England governor Mark Carney are no longer going to G20 talks in Australia so they can be in the UK for the Scot...

'You Would Have To Pay £20,000 More In Tax In An Independent Scotland'

The Huffington Post UK | Asa Bennett | Posted 12.09.2014 | UK Politics

An independent Scotland could have to raise taxes by as much as £20,000 per person in order to ensure financial stability, Danny Alexander has sugges...

Want To Keep The Pound? Carney Has A Very Stark Message For Scotland

The Huffington Post UK | Asa Bennett | Posted 10.09.2014 | UK Politics

Mark Carney has suggested that an independent Scotland may need to raise at least £10 billion, requiring massive cuts or tax rises, if it wanted to k...

DIY Giant B&Q Could Charge Scots More If They Vote Yes Next Week

The Huffington Post UK | Asa Bennett | Posted 09.09.2014 | UK Politics

Scottish consumers could be forced to pay higher prices at household names like B&Q if Scotland gains independence in next week's referendum, the boss...

Got A Mortgage? Carney Won't Make Things Tougher For You, Yet.

The Huffington Post UK | Asa Bennett | Posted 04.09.2014 | UK Politics

Bank of England rate-setters have voted to keep interest rates at their historic 0.5% low, amid mounting pressure on them to raise rates as the econom...

Scotland Vote Moving Towards Heart Over Head

Angus Campbell | Posted 04.09.2014 | UK Politics
Angus Campbell

The Scotland referendum vote is going to be closer than we think come 18th September. The Yes Campaign has the wind in their sails but is it going to remain blowy enough to see them actually split from the UK and if they do, what will an independent Scotland mean for the UK and the new country?

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 20.10.2014 | 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 15.10.2014 | 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 13.10.2014 | 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.