Bank of England

This Is What Your Tax Really Pays For

Lee Carnihan | Posted 14.08.2017 | UK Politics
Lee Carnihan

Like me, you probably thought the government collects tax to pay for all manner of public services: police, soldiers, power stations, roads, doctors, nurses, teachers, street lights etc. You name it, your tax pays for it!

UK Should Be Better Prepared For No Deal On Brexit, Says Ex-Bank Governor

The Huffington Post | Steven Hopkins | Posted 05.08.2017 | UK

The UK needs to be better prepared for a “no deal” Brexit to show Brussels there is a “credible” alternative should the negotiations fail, a f...

Why 'Project Fear's' Brexit Predictions Could Be Coming True After All

The Huffington Post | George Bowden | Posted 05.08.2017 | UK

“Let’s just remember what a shock really means,” David Cameron told factory workers last March. “It means jobs being lost. It means mortgage r...

Is The Bank Of England's 'Super Thursday' Decision To Keep Interest Rates Unchanged Justified?

Vikram Kumar Khosla | Posted 04.08.2017 | UK
Vikram Kumar Khosla

However, higher interest rates would help to decrease inflation with consumers tending to save more and for demand to fall. An interest rate increase is essential, but the current rate of 0.25% is necessary for economic growth to occur due to Brexit uncertainties, so the Monetary Policy Committee's decision is justified- for now.

Jane Austen Banknote Was Meant To Address Controversy But Actually Sparks More Of It

The Huffington Post | Jack Sommers | Posted 18.07.2017 | UK

A new Jane Austen bank note that was meant to address controversy has actually sparked more of it with its choice of Austen quotation. After intense c...

Household Debt Set To Reach Record High In First Year After General Election

The Huffington Post | Kate Forrester | Posted 24.05.2017 | UK Politics

Household debt is set to reach record highs during the first year of the new government, analysis shows. The Trade Union Congress (TUC) says unsecure...

If You Try To Spend A Paper £5 Note Today, You Might Get A Nasty Shock

The Huffington Post | Sarah Harris1 | Posted 05.05.2017 | UK

We’ve had since September 2016 to get used to the new polymer £5 notes - and now the day is finally here when it’s time to say goodbye to the old...

People Are Taking The P*ss Out Of This Latest £5 Note Controversy

The Huffington Post | Sarah Harris1 | Posted 28.04.2017 | UK

An unlikely punctuation row has erupted over the new £5 note following claims there is a “grammar error” printed on the currency. The Telegraph r...

The Five Most Exploitative Things About Student Loans

Liam Evans | Posted 18.04.2017 | UK Universities & Education
Liam Evans

Student loans have quickly become the most exploitative, unethical and deceitful loan systems on the market. Uncapped to reasonable inflation they bleed those questing for higher education dry and profiteer off of hapless children committing to 30 year promises while still in school.

New ‘Indestructible’ £5 Notes Leave Bank Of England Red-Faced After Police Mistake Them For Fakes

The Huffington Post | Sara C Nelson | Posted 18.04.2017 | UK

The Bank of England has been forced to admit its so-called indestructible £5 notes are not quite as hardy as it had first boasted. The U-turn comes...

This Is What You Need To Know If You Still Have An Old £5 Note

The Huffington Post | Sarah Harris1 | Posted 22.03.2017 | UK

There was quite some commotion caused by the new £5 note when it was brought into circulation back in September last year. Between John Humphrys chew...

What Might The OBR Change Mean For The Forecast This Budget?

Catherine Colebrook | Posted 07.03.2017 | UK Politics
Catherine Colebrook

Even though the Autumn Statement was only a little over three months ago, we could see more change than usual to the OBR's economic and fiscal forecasts this week. As with all forecasts, the OBR makes several judgement calls in deciding what it thinks will happen to business investment, employment, wages and tax receipts in the coming years - a new boss means a greater than usual probability that those assumptions could change.

A Decision Has Finally Been Made On The New £5 Note Animal Fat Controversy

The Huffington Post | Kathryn Snowdon | Posted 15.02.2017 | UK

The new £5 note will not be taken out of circulation, the Bank of England said on Wednesday, despite concerns that it contains animal fat. The bank s...

Co-operative Bank For Sale As It Braces Itself For A 'Significant' Loss

The Huffington Post | Kathryn Snowdon | Posted 13.02.2017 | UK

The Co-operative Bank is being put up for sale as concerns mount over its capital position. The bank, which has four million customers, said that it...

I'm Forever Blowing Bubbles: Boom Time In Brexit Britain

Gavin Devine | Posted 07.02.2017 | UK Politics
Gavin Devine

So to the triumphant and triumphalist Brexiteers I would sound a small note of caution. I genuinely, genuinely, hope you're right. Sometimes I believe the Prime Minister, and sometimes I believe that with luck and a fair wind we will soon embark on a period in which, liberated from the shackles of Brussels, our entrepreneurial spirit returns, our productivity is transformed, our economy booms and everything goes swimmingly. Fingers crossed. But let's wait and see before we get complacent, eh?

NASA's New Spacesuit Is Essentially The Most Advanced 'Onesie' Ever Created

The Huffington Post | Oscar Williams | Posted 26.01.2017 | UK Tech

Either Boeing or Space X will make history next year as they vie to be the first firm to send astronauts to the International Space Station. But Boein...

Brexit Briefing: Michael Fish, Apologetic Experts and Jenga

The Huffington Post | Owen Bennett | Posted 30.01.2017 | UK Politics

All you need to know from the world of Brexit this week. You can sign up for this briefing by clicking here, and you’ll receive it straight to your ...

Here's The Full Story Behind Those 'Michael Fish Error' Brexit Headlines

The Huffington Post | Christopher York | Posted 06.01.2017 | UK

Newspapers have pounced on comments made by the Bank of England’s chief economist as evidence economists were wrong to predict financial gloom in th...

A Japanese Insurance Firm Is Actually Replacing Its Workers With Artificial Intelligence

The Huffington Post | Oscar Williams | Posted 05.01.2017 | UK Tech

A Japanese insurance firm is set to replace 34 workers with an artificial intelligence (AI) system, lending weight to fears that robots will decimate ...

UK Economy Brexit Fears Unfounded In 2016 But 2017 Could Be A Whole Different Story

The Huffington Post | Christopher York | Posted 01.01.2017 | UK

The UK economy defied expectations in 2016 as Britons decided to keep calm and carry on spending following the Brexit vote, but there are fears it cou...

Second £5 Note With Jane Austen Engraving Worth £50,000 Found In Christmas Card

The Huffington Post | Kathryn Snowdon | Posted 30.12.2016 | UK

A £5 note engraved with a tiny portrait of Jane Austen, thought to be worth up to £50,000, has been found in a Christmas card. The second of four Ba...

Brexit Is A ‘God-Given’ Opportunity To Steal Trade From UK Says Trump Aide

The Huffington Post | Sara C Nelson | Posted 26.12.2016 | UK

A billionaire businessman chosen by US President-Elect Donald Trump as his new trade chief has said that Brexit represents a “God-given opportunity...

United Kingdom's Five Economic Events Of 2016

Vikram Kumar Khosla | Posted 23.12.2016 | UK
Vikram Kumar Khosla

It's been a big year. Whether that be politically in elections and referendums or economically with big decisions being made. I look back over five aspects of 2016, where the United Kingdom's economy was impacted.

Don't Imagine 2016 Was An Outlier

Angus Campbell | Posted 16.12.2016 | UK
Angus Campbell

If anyone says they saw all that happened in 2016 coming they are lying. There's the wonderful stat that one of the big bookmakers released after Dona...

Is Your Job Among The 15m That Could Be Replaced By The 'Merciless' March Of Robots?

The Huffington Post | George Bowden | Posted 06.12.2016 | UK

Mark Carney has warned up to 15 million British jobs could be replaced by robots amid a “merciless” technological revolution - and economists are ...