The four factors set to raise inflation this year March 7, 2025 Inflation will briefly hit 3.6 per cent this year and “remain well above” the Bank of England’s target until late 2026, according to Oxford Economics. In a report led by UK economist Edward Allenby outlined the four key drivers of inflation in the upcoming year. Changes in the Budget Allenby highlighted the VAT slapped onto [...]
Yorkshire Building Society profit tumbles as margins fall February 27, 2025 Profit took a tumble at Yorkshire Building Society, as declining interest rates tightened the firm’s interest margins. The building society booked a £385.2m profit in 2024, compared to the £453.7m pocketed in 2023. The decline was largely due to net interest income falling £49.5m year-on-year, as increased pressure on mortgage and saving books boosted reductions. [...]
Could the Bank of England push the UK into recession? January 23, 2025 As the Bank of England scrambles to unwind the disastrous effects of quantitative easing, the hidden costs of this policy are becoming clear, says Damian Pudner Quantitative easing (QE) has long been the Bank of England’s monetary policy nuclear option. Launched in 2009 to save a collapsing financial system, it was supercharged during the pandemic, [...]
Give parliament a vote on quantitative easing January 9, 2025 QE should not be the preserve of bean-counting central bankers – money printing is not an abstract issue, it has real consequences for people’s ordinary lives, says Sam Bidwell If one thing characterises British politics in the post-Thatcher era, it is a serial addiction to avoiding questions about the structure of our economy. On the [...]
Forget Reeves’ CV – there’s a bigger transparency problem in monetary policy November 28, 2024 The real discussion shouldn’t be about whether Reeves deserves to call herself an “economist”. It should focus on the unchecked power of current central bank leaders, the far-reaching consequences of their decisions, and how we hold them to account, says Tim Focas The recent controversy over Rachel Reeves’ tenure as an economist at the Bank [...]
Liz Truss on Reform, Trump and why she would have outdone Rishi Sunak September 30, 2024 Former Prime Minister Liz Truss made just one appearance at the Conservative Party conference this year. But the queue to hear her chat to the Telegraph’s Tim Stanley stretched for some distance. Members told CityAM they were eager to hear her views. And if you missed it, we’ve rounded up the most eye-catching things she [...]
US Fed’s preferred inflation metric set to validate jumbo rate cut September 22, 2024 Crucial US inflation data is poised to back up the Federal Reserve's jumbo interest rate cut as investors question where other central banks will follow in its footsteps.
Two-year mortgage rates fall as markets brace for future interest rate cuts September 20, 2024 Two-year mortgage deals are becoming increasingly competitive as rates continue to fall faster than longer-term deals.
UK’s banking regulator ‘extremely mindful’ of US on capital rules overhaul September 3, 2024 The UK’s banking regulator is “extremely mindful” of pushing ahead with a sweeping set of capital rule changes while the US’s reform package remains up in the air, its chief executive has said. Sam Woods, the deputy governor of the Bank of England and boss of the Prudential Regulation Authority, told the Following the Rules [...]
Leeds-upon-Thames? How the West Yorkshire heartland is luring British institutions away from London August 14, 2024 Over the past few years Leeds has emerged as a go-to destination for British institutions looking to venture beyond the M25. Since 2018 Channel 4, the Bank of England, the Financial Conduct Authority and the UK Infrastructure Bank have all opened hubs or expanded their presence in the city, adding hundreds of new jobs and [...]