When words matter more than numbers at the Bank of England May 5, 2025 City analysts have pencilled in their predictions for Thursday. Here’s how almost all of them likely read. Interest rates will be cut to 4.25 per cent, the Bank of England’s inflation forecast for this year will exceed its two per cent target and President Trump’s tariffs will be highlighted as a detriment to UK growth. [...]
Mortgage borrowing surges ahead of stamp duty changes May 1, 2025 Net borrowing or mortgages spiked by £9.7bn in March as house buyers looked to clinch deals before higher stamp duty taxes came into effect. Net borrowing levels exceeded £13bn, according to the Bank of England, as the rise compared to February beat market forecasts of £3.2bn. EY ITEM Club’s Matt Swannell said the surge in [...]
High-street banks are shortchanging cash savers April 30, 2025 Many savers are choosing cash during a time of uncertainty, but many savings accounts still yield under two per cent. There is a better way, says Nigel Terrington In periods of relentless noise, steep market sell-offs and economic uncertainty, the most sensible decision can be to do nothing. To accomplish this, you need to hold [...]
Rate setter calls for market digitalisation and touts Bank of England’s flexibility April 29, 2025 Bank of England rate setter Dave Ramsden has called for bold action on digitalisation in a rebuke of concerns that the Bank’s prescriptive rules were stifling innovation. Speaking at the Innovate Finance Global Summit on Tuesday, the central bank Deputy Governor said widespread innovation in wholesale financial markets from authorities and industry would boost the [...]
Bank of England ‘analysing’ end of dollar’s prestige April 29, 2025 The Bank of England’s stability watchdog is assessing the potential impacts of the dollar’s recent slump after President Trump’s tariffs spooked investors. Sam Woods, head of the Prudential Regulation Authority (PRA) and Bank deputy governor, suggested that the first month of Trump’s global trade war had diminished the dollar’s status as a safe haven currency. [...]
Bank of England ‘killing’ UK stablecoin ambitions, body warns April 29, 2025 The Bank of England risks “killing” London’s potential to become a global hub for stablecoins with its “prescriptive” rules, an industry body has warned, as it called for the rapid creation of a regulatory regime to support use of the digital assets. London’s dominance of the foreign exchange market, in which it accounts for as [...]
Leicester City stars face up to 50 per cent wage cuts after relegation April 23, 2025 Leicester City’s players are facing wage cuts of up to 50 per cent next season following their relegation from the Premier League. Leicester have acted to protect themselves when offering contracts to new players in recent years having also been relegated two seasons ago, with recent arrivals agreeing to pay cuts of between 35 and [...]
England Cricket drives on sponsor roster with Toyota deal April 17, 2025 England Cricket have strengthened their sponsorship roster with agreement with car giant Toyota. The multi-year deal will see the Japanese motor manufacturer become a principal partner of the England and Wales Cricket Board, supporting the grassroots game nationwide. It comes as banking giant Barclays became the main sponsor of Lord’s and the MCC. Toyota joins [...]
Allianz Stadium: What could Twickenham rugby arena look like after facelift? April 17, 2025 We’ve all been there, kettled into Twickenham station after a day out at Allianz Stadium watching England Rugby take on top international opposition. The 82,000-seat national stadium is the biggest purpose-built rugby arena in the world and sits behind only Wembley Stadium’s 90,000 in terms of UK capacity. But Allianz Stadium and its surrounding area [...]
Women’s Boat Race beats Lionesses in TV figures April 15, 2025 Sunday’s women’s Boat Race became the country’s most watched female sporting event this year, TV broadcasting data has revealed. The peak figure of over 2.1m tops the previous 2025 record, when 1.2m watched England’s Lionesses play in the Uefa Women’s Nations League match against Belgium on ITV1, which took place earlier this month at Bristol [...]