Bank of England

The Good News and the Bad News for the Post-Referendum Economy

Huw Macartney | Posted 24.06.2016 | UK
Huw Macartney

The good news then is that this is not likely to be a banking crisis like that which we witnessed in 2008. The bad news though is what comes after the initial 'shock' has passed. Because even if the Bank of England looks set to be able to weather the immediate storm inflicted by stock markets, the longer term implications look far less certain and far more challenging.

James O’Brien Scolds Brexiters Who Rubbished Experts But Now Listen To Them

The Huffington Post | Aubrey Allegretti | Posted 24.06.2016 | UK

James O'Brien has launched a storming attack on people who voted in favour of Brexit for asking the Bank of England to steer the country through econo...

Here's The New Plastic £5 Note That Could Actually Have You Paying Twice

The Huffington Post | Sarah Harris1 | Posted 02.06.2016 | UK

The Bank of England has finally unveiled its new £5 note, bearing the face of Sir Winston Churchill. The note is printed on polymer, a think plastic ...

John McDonnell Warns HSBC It Doesn't Have A 'Blank Cheque'

The Huffington Post UK | Ned Simons | Posted 15.02.2016 | UK Politics

John McDonnell has warned HSBC it can not have "blank cheque" when it comes to doing business in Britain, after the bank announced it would not be mov...

Bank Of England To Decide On Interest Rates This Week

PA | Posted 13.01.2016 | UK

Bank of England policymakers are expected to keep interest rates at record lows on Thursday, in the wake of the increasing likelihood that the UK econ...

Chancellor Warns Interest Rate Rises Are Coming THIS YEAR

PA | Posted 07.01.2016 | UK

Britain must prepare for rises in interest rates, George Osborne has said, as he warned that 2016 will be a "mission critical" year for the UK economy...

Osborne's Present to Senior Bankers

Richard Burgon | Posted 24.12.2015 | UK Politics
Richard Burgon

It would be dangerous to presume that everything is now just fine with our banking system. It is a huge risk to assume that it's safe to return to 'business as usual'. Politicians who believe that all we need to is to return to 'letting the bankers get on with it' may come to regret taking this view. But with memories of the 2008 banking crisis fading in some quarters, it seems that the Conservative Government thinks it can start to undo that good and necessary work.

Who Cares About an Image on a Bit of Paper?

Caroline Criado-Perez | Posted 15.11.2015 | UK
Caroline Criado-Perez

With 36,000 signatories and £13,000 raised in readiness for legal action, we achieved success. On 24 July 2013, Mark Carney, the new governor, announced that from 2017, Jane Austen would appear on the £10 note. He also promised an extensive review of the selection process.

A Green Economy Will Lift Us All - But Cheats Like Volkswagen Still Stand in the Way

Assaad W Razzouk | Posted 07.10.2015 | UK Tech
Assaad W Razzouk

Solar and wind power, however, are not only the best way of generating electricity, they are also the best way of generating jobs. There are 17.5million positions being created worldwide by the solar and wind industries alone - dwarfing the jobs disappearing in oil, gas and coal.

Carney Explains Why Industry Should Take Action On Climate Change

The Huffington Post UK | Paul Vale | Posted 30.09.2015 | UK

The governor of the Bank of England delivered a damning assessment of the threat climate change poses to the global financial system in a speech on Tu...

Are Peer-to-Peer Lenders in the UK Being Compensated for the Risk They Take?

Salman Shaheen | Posted 09.09.2015 | UK
Salman Shaheen

Peer-to-peer lending is a booming market in the UK. According to the Peer 2 Peer Finance Association, cumulative lending at the end of the second quar...

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

Michael Martins | Posted 11.08.2016 | 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 07.08.2016 | 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 30.07.2016 | 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 16.07.2016 | 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 11.06.2016 | 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 09.06.2016 | 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 22.05.2016 | 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...