All news on the topic: Bank of England

433
Andy Burnham faces shrinking budget cushion as he prepares to take power
Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’.
462
Coinbase ramped up lobbying at the heart of UK government ahead of crypto rules
Coinbase has been cosying up to the ministers and mandarins behind the UK’s upcoming crypto policy – and is already reaping the rewards
530
AI deepfake adverts on X drag Bank of England chief into scam row
The Bank of England has come out fighting after AI-generated videos of Andrew Bailey in conflict with Nigel Farage emerged as paid adverts on the social media platform X.
660
Rachel Reeves accused of blowing up Britain’s economy as debt crisis fears grow
Today, we learned that Britain’s national debt is growing at a faster pace than any country in the world, except Botswana. Yet instead of taking control, Reeves wants to borrow and spend even more.
510
Bank of England drops Churchill and Turing from banknotes in favour of wildlife
The Bank of England has defended its decision to replace historical figures with wildlife on the next series of banknotes.
457
"Desks, not sun loungers": Tories attack Bank of England over overseas working policy
The Bank of England has been advised that its staff should be "working from desks, not sun loungers" after it was revealed that employees can work from abroad for up to 40 days per year.
731
Inflation drops to 2.8% but Britain braces for fresh cost-of-living pain from Iran war shock
Inflation has slowed to 2.8% in April from 3.3% in March, according to official figures from the Office for National Statistics (ONS) - as economists warn of price rises this summer.
524
UK unemployment hits 5% as youth joblessness surges and pressure mounts on chancellor
The levels of UK unemployment rose to 5% in three months to February, the latest figures from the Office for National Statistics (ONS) reveal.
554
Bank of England policymaker Catherine Mann warns overseas investors could destabilise gilt market
Catherine Mann said overseas investors are playing a ‘particularly large role’ in buying gilts.
752
Panic in Labour as MPs warn ditching Rachel Reeves risks bond market shock
Frantic Labour MPs are attempting to save Rachel Reeves from being dismissed because they fear her departure from Number 11 could trigger bond market turmoil.
632
“Calamity coming”: Reeves trapped as borrowing surges and growth stalls
The Chancellor has left the nation completely unprepared for the unfolding disaster.
491
UK growth downgraded most in G7 as energy shock from Iran war fuels inflation and job losses
The economic fallout from the Iran war will hit the UK the hardest out of all the world’s advanced economies, the International Monetary Fund (IMF) has warned.
592
Bank of London fined £2mn for misleading regulators
Fintech, where Peter Mandelson and Harvey Schwartz were board members, is given £2mn penalty by Bank of England.
904
UK households cut savings to a one-year low as higher taxes bite and spending keeps rising
British households saved less during the July-to-September period of this year as they felt the impact of higher taxes but continued to increase their spending, according to official data that confirmed a slowdown in the broader economy.
847
Bank of England cuts interest rates to 3.75% and signals further falls
The base interest rate was cut from 4% to 3.75% on Thursday, as Economics Editor Joel Hills reports.
852
Rachel Reeves insists “no recession” ahead despite Bank of England warnings
Chancellor Rachel Reeves has insisted there is "no recession" on the horizon, despite dire economic warnings from the Bank of England and the IMF.
629
Buyers and sellers hit pause as Rachel Reeves weighs new property taxes
The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget.
712
IMF warns UK will face highest inflation in G7 as Rachel Reeves battles growing economic crisis
Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.
647
Liz Truss blames Bank of England for market chaos: ’I wasn’t captain of the ship’
Liz Truss has asserted that the Bank of England was in control during her tenure as prime minister.
765
UK inflation climbs to 3.8% in July, raising fears over delayed rate cuts
Inflation increased once more last month, reaching a higher than anticipated 3.8%, due to rising food and fuel prices, heightening concerns that the Bank of England will postpone further interest rate cuts.
764
Bank of England cuts interest rate to 4% in response to sluggish growth
The Bank of England has cut the interest rate to its lowest level in over two years.
676
UK manufacturing nears end of downturn as output and optimism rise, PMI shows
Britain’s manufacturers, affected in recent months by trade wars and higher taxes, edged closer to a return to growth in July, and executives were the most optimistic they have been in five months, according to a survey published on Friday.
1001
Bank of England holds base rate at 4.5% amid economic uncertainty
The Bank of England has maintained the UK’s base rate at 4.5%, aligning with the expectations of many economists.
850
Inflation rises due to increases in food prices, airfares, and school fees
UK inflation jumped sharply in the year to January, driven by rising food prices, air fares and an increase in private school fees.
692
"Out of her depth" Rachel Reeves criticized over her handling of the economy as inflation rises to 3%
Chancellor Rachel Reeves has been criticized by the Tories as "out of her depth" after inflation figures rose to 3%, nearly the highest level in almost 10 months.