United Kingdom - Blue Finessence

Bank of England should not be ‘overly cautious’ on interest rate cuts, says policymaker

Rate-setter Swati Dhingra denies high inflation is a ‘particularly British problem’ and says short-term factors are to blame The causes of the UK’s inflation spike will “fade” and policymakers should avoid being “overly cautious” about cutting interest rates, a Bank of England rate-setter has argued. Swati Dhingra, a

What is quantitative tightening and how has it affected UK finances?

The Bank of England’s disposal of the bonds it bought after the 2008 financial crisis is being slowed down The Bank of England has announced that it will scale back its multibillion-pound “quantitative tightening” programme. The process is significant for the UK economy and the public finances. But

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

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

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

Bank’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

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

Household 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

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

Bank 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

Category: United Kingdom