MPs urge clarity from Sajid Javid over appointment timetable for Bank of England governor September 18, 2019 An influential group of MPs has demanded a timetable from the chancellor for the appointment of the next Bank of England governor. Following reports that the successor to Mark Carney is not likely to be decided by the current autumn deadline, the Treasury committee has today written to Sajid Javid asking him to confirm whether [...]
Short-term let adverts banned from Tube following outcry September 18, 2019 Adverts that promoted short-term lettings in the capital have been banned from the Transport for London (TfL) network following criticism from campaigners. London mayor Sadiq Khan was urged to crack down on adverts across the Tube by firms that encouraged landlords to flout the 90-day annual limit for short-term lettings in London. Read more: Overcrowding [...]
Why the Bank of England will buck the trend and hold interest rates September 18, 2019 The US Federal Reserve and European Central Bank (ECB) both slashed interest rates at their last meetings, citing trade wars and stubborn inflation respectively. With the UK economy in contraction – it shrank 0.2 per cent in the second quarter – and inflation falling in August, there is a case for the Bank of England [...]
Sterling falls on lower inflation and Brexit concerns September 18, 2019 Sterling has fallen against the dollar this morning after UK inflation undershot expectations and traders’ nerves grew over Brexit. Read more: Falling computer game prices drag UK inflation to lowest rate in three years The pound was 0.4 per cent lower against the dollar by 10.45am UK time to buy $1.245. Yet the fall was [...]
Falling computer game prices drag UK inflation to lowest rate in three years September 18, 2019 UK inflation slipped to its lowest point in three years in August, official figures have shown, dragged down by falling computer game prices. Read more: Fall in UK unemployment pushes earnings growth to 11-year high Prices in British shops rose by an annualised rate of 1.7 per cent in August, the Office for National Statistics [...]
Engineer killed working on travelator at Waterloo station September 18, 2019 An engineer has been killed while working on a moving walkway at Waterloo station. A police investigation is currently underway into the incident, which occurred in the early hours of this morning. Read more: Parcel bombs found at Waterloo linked to devices sent to British Army A one-way system has been put in place, with [...]
Bank of England governor appointment set to be delayed September 18, 2019 The highly-anticipated appointment of a new Bank of England governor could be delayed until after a general election. The successor to Mark Carney is not likely to be decided by the current autumn deadline, according to reports in the FT. Carney, whose time on Threadneedle Street is set to come to an end on 31 [...]
Chelsea 0-1 Valencia: Barkley misses late penalty as Blues fall flat at Stamford Bridge September 17, 2019 There were bound to be stern words in the Stamford Bridge home dressing room tonight after Ross Barkley took it upon himself to take a late penalty, only to waste a gilt-edged chance to equalise in a disappointing defeat against Valencia. The England midfielder, fresh off the bench, waved away regular – and reliable – [...]
Bill Gates says ditching fossil fuel stocks has ‘zero’ impact on climate change September 17, 2019 Bill Gates has poured cold water on climate activists’ attempts to lobby investors to abandon fossil fuel stocks. The billionaire tech tycoon-turned-philanthropist said it would be more worthwhile to urge investors to back emerging technology that helps cut carbon emissions. Read more: Does fast fashion stand up to ethical scrutiny? Speaking to the Financial Times, [...]
City of London police chief urges banks to report cyber attacks after Wannacry ‘silence’ September 17, 2019 Major public companies decided not to report cyber attacks to the authorities during the worldwide Wannacry breach over fears that their reputations would be tarnished, according to the City of London’s police commissioner. Ian Dyson, who heads up the Square Mile’s police team, has urged banks to come forward with cyber incidents, claiming that some [...]