Bank of England

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.

Who Are The Winners And Losers Of Brexit?

Luke Springthorpe | Posted 14.09.2016 | UK Politics
Luke Springthorpe

On the other hand, there are companies with something to gain from a potential decline in sterling and new opportunities abroad. Clearly the eventual winners and losers will very much depend on the value of the pound, as well as the Brexit deals that emerge.

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 15.11.2016 | 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 06.10.2016 | 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 08.09.2016 | 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.