Andrew Bailey warns against watering down City regulations in pursuit of growth
Bank of England governor says there is ‘no trade-off’ between economic growth and financial stability The governor of the Bank of England has warned against watering down City regulations introduced after the 2008 banking crash, saying there was “no trade-off” between economic growth and financial stability. In a
Read More
Bank of England’s Mann backed rate cut as she sees inflation ‘hump’ easing
Downturn in jobs market will mean workers will be unlikely to be able to bid up their wages, says policymaker Business live – latest updates The Bank of England policymaker Catherine Mann has said she backed a half-point cut in UK interest rates last week because she believes
Read More
The Guardian view on interest rates: the Bank of England on its own won’t revive growth | Editorial
Base rate cuts may ease borrowing costs but without stronger public spending and targeted tax relief, economic stagnation will persist “It will be welcome news to many that we have been able to cut interest rates again,” said Andrew Bailey, the Bank of England governor, last week. Plenty
Read More
You may not like Trump, but his power grab for the economic levers is right. Liberals, take note! | Leah Downey
The US president has recognised something that is rarely acknowledged: monetary policy is political. The question is how to make it democratic If I asked you to list the things that make democratic politics meaningful, what would you include? Most likely elections and education. Perhaps the NHS, or
Read More
UK can’t say ‘job done’ on fighting inflation, says Bank of England’s Huw Pill
Chief economist warns that ‘cautious’ approach to further interest rate reductions is required The Bank of England is not in a position to declare “job done” in tackling inflation amid concerns over rising prices hitting households, Threadneedle Street’s chief economist, Huw Pill, has said. Speaking a day after
Read More
‘Stagflation’ fears as Bank of England cuts growth forecast and warns of price rises
UK economy expected to grow by just 0.75% this year, in fresh blow to Rachel Reeves’s attempts to raise confidence Rachel Reeves’s plans for growth suffered a double blow after the Bank of England halved its forecast for the year and warned households would face mounting pressure from
Read More
Martyn Beauchamp appointed as CEO of FSCS
The FCA and the Prudential Regulation Authority (PRA) have appointed Martyn Beauchamp as CEO of the Financial Services Compensation Scheme (FSCS). Martyn has been interim CEO of the FSCS since October 2023, and during this time he has successfully overseen the FSCS’s transition to a new operating model.
Read MoreGrim news for Rachel Reeves is good news for the FTSE 100 | Nils Pratley
The stock market is not the economy – as shown by the new closing high after the Bank of England’s rates cut Never confuse a stock market index with a symbol of national economic health. The truth of that old piece of wisdom was demonstrated on Thursday as
Read MoreBank of England cuts rates as governor warns of inflation bump – video
The Bank of England cut interest rates to 4.5% as its governor, Andrew Bailey, warned of more inflation to come, with a bleak forecast for growth in the UK. Bailey signalled Threadneedle Street stood ready to cut borrowing costs further this year despite the short-term rise in inflation.
Read MoreGrowth of private markets requires continued focus on valuations
The FCA's review of private market valuation processes has found good practice but some room for improvement. Private markets have grown significantly in recent years with the UK continuing to be the largest centre for private market asset management in Europe.Private market assets don’t have the frequent trading
Read More