In defence of landlords, by the Bank of England jack barnett Few people in Britain draw as much scorn than landlords. It’s easy to understand why. Young people shackled to renting see landlords as a barrier to their homeownership dreams. Particularly in London, renters hate handing over a huge share of their monthly wage to property investors. Doing so stops them from using their cash [...]
Why rising wages will concern the Bank of England Inflation With inflation coming down to 6.8 per cent in July, this means that households are seeing a boost in real income for the first time in nearly a year. But the Bank of England will be nervous.
Bank of England: Have interest rates hit their peak? ECONOMICS Economists think rates are at their peak after the Bank of England decided to leave rates unchanged for the first time in nearly two years.
Labour market beginning to slow in boost for Bank of England September 11, 2023 The labour market is beginning to slow down as rising interest rates take their toll on hiring activity, new data out today shows.
The Fed holds rates: Now it’s the Bank of England’s time to decide September 21, 2023 The City is split on whether surprise inflation data gives Threadneedle Street cover to pause its rate hike cycle later today
New borrowing slows as Bank of England’s rate hikes take effect August 30, 2023 Consumer borrowing increased at a slower rate than expected last month as the Bank of England’s interest rate hikes hit demand for new loans. Bank of England figures out this morning showed that the monthly increase in consumer credit was £1.2bn, £400m less than the £1.6bn increase seen in June. Although borrowing on credit cards [...]
Bank of England finally administers bitter medicine to treat inflation August 4, 2023 The City has been ahead of the Bank of England’s thinking for some time. Economists have for months known interest rates are set to stay higher for longer. Most expect them to peak at 5.75 per cent and stay there for, probably, at least a year. Governor Andrew Bailey and co have woken up to [...]
Bank of England warns of stagnating UK economy and ‘crystallising’ inflation August 3, 2023 The UK economy is on course for a slow burning slump over the coming years and scorching inflation has started to “crystallise,” the Bank of England has warned as it lifted interest rates for the 14th time in a row. In fresh forecasts released today, the central bank said over the next three years, UK [...]
Bank of England set to delay bringing in Basel overhaul of banking rules September 25, 2023 The Bank of England is planning to push back implementation of the final round of Basel reforms by six months after receiving a deluge of industry feedback.
Bank of England turns to Nuggets to address CBDC privacy concerns July 7, 2023 London-based Nuggets is working with the Bank of England on an experiment to design a privacy layer for the UK’s CBDC.