Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Mark Carney’s marathon metaphor moment: Sports back but it’s just not cricket July 23, 2014 We’ve learnt over the past year, in a similar vein to his predecessor, Mark Carney doesn’t need a sporting event to make a sporting reference in his official orations. But yesterday the Bank of England governor had more reason than any other time – as he spoke in Glasgow at the start of the Commonwealth [...]
Mark Carney: My Mansion House speech was designed to shake up markets July 15, 2014 Remember that Mansion House speech when Bank of England governor Mark Carney shocked markets by saying that interest rates could come sooner than expected? Well that was exactly the point. Replying to a question from MPs on the Treasury Select Committee about whether the surprise statement made in the Mansion House speech was to "shake [...]
Mark Carney cancels cricket but Bank of England isn’t short on cake July 7, 2014 Mark Carney may have caused a stir by banishing the traditional Bank of England summer cricket match this year, but by all accounts staff had a great day out, replete with face-painting, wheel-barrow races, the Wimbledon final on a big screen and a bake-off. The governor, described by one tweeter as a “very [...]
Mark Carney makes first key cut as Bank of England governor July 6, 2014 Mark Carney has made his first cut since he walked through the door at Threadneedle Street in July. Not to interest rates – although they remain at their historic lows of 0.5 per cent – but to one of a large selection of cakes at this year's Bank of England summer party. The Bank governor [...]
Mark Carney’s Bank of England snubs staffer: Cancels cricket fun at staff party July 4, 2014 Just weeks after one colleague celebrated his love of cricket in a public speech, Mark Carney's Bank of England has confirmed that it has axed all cricket-related hijinks at its staff summer party. There will no cricket match at the central bank's summer, as first reported by Bloomberg. The move is a stark tone change [...]
Mark Carney’s first year: Bank governor enjoys roaring recovery – but he can’t take credit July 1, 2014 Mark Carney has had a spectacularly good first 365 days at Threadneedle Street. Since he's arrived at the Bank of England the UK economy has busted analyst growth expectations. Unemployment has fallen faster than almost anyone had predicted, and inflation is now back below the Bank's two per cent target. Judged by cold hard results, [...]
Bank of England’s new interest rate norm not the same as the old – Mark Carney June 27, 2014 Mark Carney, the governor of the Bank of England, today suggested that interest rates may be heading for a "new normal" of 2.5 per cent, rather than the historical five per cent. Carney was decidedly vague regarding when this norm might be reached, suggesting 2017 as a possible date. He stressed that a mid-term norm [...]
MP Pat McFadden tells Mark Carney: You’re like an unreliable boyfriend June 24, 2014 The Bank of England was slammed by MPs yesterday, taking fire for erratic communication on when interest rates would likely begin to rise. Governor Mark Carney and other senior policymakers sent sterling down during their quizzing by politicians yesterday. Some analysts suggested that the policymakers were backing away from their new hawkish stance, with more [...]
Mark Carney to decide on property market limits June 23, 2014 The Bank of England’s latest report on the country’s financial stability is released this week, with the potential for fresh action to cool London’s frothy housing market. The Bank’s financial policy committee (FPC), which is chaired by governor Mark Carney, releases its twice-yearly outlook in systemic stability on Thursday. The governor and other policymakers have [...]
How Mark Carney’s move from Canada cost the Bank of England over £100k June 17, 2014 The Bank of England paid £102,816 to assist governor Mark Carney and his family in their move from Ottawa, Canada, to London, according to the Bank of England's latest annual report. The ex-Goldman Sachs staffer moved over to the UK with his wife Diana and four daughters last year. He even brought with him his [...]