Bank of England urged to slow bond-selling plan to help cut record UK borrowing costs
Ex-MPC members say ‘quantitative tightening’ should be scaled back or halted entirely, saving the Treasury up to £10bn a year Andrew Bailey has been urged by former Bank of England policymakers to ease pressure on the government’s borrowing costs by cutting back its bond-selling plans. In a crunch
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Bank of England show to remember lost splendours of Sir John Soane building
Exhibition explores Bank’s former grandeur and its rebuilding under Sir Herbert Baker that began 100 years ago A century ago the wrecking ball demolished the halls, courtyards, arches and domes of one of London’s best-loved buildings in what the architectural historian Nikolaus Pevsner would decry as “the greatest
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Bank’s interest rate vote and bond plans are little help to Reeves before budget
Holding borrowing rates and continuing bond sell-offs were widely expected but an alternative was available Business live – latest updates “Gradual” and “predictable” are the watchwords at the Bank of England. But for Rachel Reeves, preparing for a tough autumn budget, a more activist approach from Threadneedle Street
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British passports to feature His Majesty’s Coat of Arms
New British passports featuring His Majesty’s Coat of Arms to launch in December. HM GovernmentSource
Read MoreHousehold Cavalry horse Quaker retires after global spotlight
Beloved Household Cavalry horse, who made a remarkable recovery following high-profile bolting incident, retires from duty . HM GovernmentSource
Read MoreBank’s interest rate vote and bond plans are little help to Reeves ahead of budget
Holding borrowing rates and continuing bond sell-offs was widely expected but could be costly for chancellor Business live – latest updates “Gradual” and “predictable” are the watchwords at the Bank of England. But for Rachel Reeves, preparing for a tough autumn budget, a more activist approach from Threadneedle
Read MorePublic urged to get flood ready as Environment Agency launches Flood Action Week
Important steps, like preparing a flood kit, signing up for flood warnings and checking long-term flood risk can help protect the public from the damage it causes. HM GovernmentSource
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Bank of England holds interest rates at 4% and slows scheme to sell stock of UK bonds
Decision on government debt holdings could reduce market jitters and Treasury’s borrowing costs Business live – updates The Bank of England has left interest rates on hold at 4% and will slow the pace of its “quantitative tightening” programme in the year ahead to avoid distorting jittery bond
Read MoreThe UK stands in solidarity with the people of Venezuela and their right to democracy, freedom and human dignity: UK statement at the UN Security Council
Statement by Jennifer MacNaughtan, UK Minister Counsellor, at the Security Council meeting on Venezuela. HM GovernmentSource
Read MoreBank of England holds interest rates at 4% amid concerns over inflation
Policymakers vote as expected for pause, with rate of annual price rises running at nearly double 2% target Bank of England policymakers have left interest rates on hold at 4%, amid concerns about persistent above-target inflation. The Bank’s nine-member monetary policy committee (MPC) voted by a majority of
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