Experts aren’t the problem: The problem is conceited experts March 3, 2017 Famously, Michael Gove attacked experts in the EU referendum campaign. And, of course, the experts have fought back, leading Gove to add appropriate context to his remarks. Nobody wants brain surgery from a non-expert. At the same time, there is a paradox. On the one hand, we should use reason to try to improve the [...]
British private sector growth picks up as the UK consumer’s strong form continues March 3, 2017 Private sector growth picked up in February as services geared towards consumers continued to impress, according to a survey of British companies. The balance of firms from across the UK economy reporting growth increased from 10 per cent to 15 per cent positive in the three months to February, according to the Confederation of British [...]
Andrew Flintoff interview: England will rule the world under leadership of Joe Root March 2, 2017 Former captain Andrew Flintoff has backed England to conquer the world and initiate an era of dominance under the leadership of new Test skipper Joe Root. The 26-year-old was installed as the country’s 80th captain last month, taking the reins from Alastair Cook who called time on his four-and-a-half year tenure following a dismal winter [...]
Brexit schmexit: Aldermore reports profit boost despite EU vote uncertainty March 2, 2017 Challenger bank Aldermore has reported a 34 per cent jump in profits, thanks to higher mortgages and loan demand from homeowners and businesses. Phillip Monks, the bank's CEO, said Aldermore hasn't seen "any tail-off in demand post-Brexit". “To date it’s been business as usual: we have seen no direct impact on either the lending or deposit side [...]
Bank of England Brexit rate cut had little effect on UK’s surprise growth says former deputy governor March 1, 2017 The Bank of England’s (BoE) actions to cut interest rates after the referendum had little effect on the UK's powerful economic growth, according to its former deputy governor. Sir Charlie Bean said: “It may have some small effect at the margin but I really don’t take the view that the policy package that was announced [...]
UK housebuilders’ shares rise as mortgage approvals hit highest level since February last year March 1, 2017 Housebuilders' share prices rose today after figures from the Bank of England showed that in January mortgage approvals hit the highest level since February 2016. The Bank reported a 2.4 per cent month-on-month rise in January, bringing the number of mortgages to 69,928. Read more: UK house prices rose by just £600 last month This [...]
It’s pure rubbish to claim a low tax, low regulation Britain would be a disaster March 1, 2017 Dame Minouche Shafik, deputy governor of the Bank of England, is leaving to become director of the London School of Economics. Last weekend, she gave her final interview wearing her Bank hat. Shafik issued what was described in the media as a “thinly-veiled warning” to the chancellor Philip Hammond. She stated that it was an [...]
Deputy governor of the Bank of England Ben Broadbent appointed by Mark Carney as member of Prudential Regulation Committee board February 28, 2017 Ben Broadbent, the Bank of England deputy governor responsible for monetary policy, including monetary analysis and notes, has been appointed by governor Mark Carney, to take a seat on the influential Prudential Regulation Authority (PRA) board. The appointment is in conjunction with structural reform of the Bank’s governance, following the breakup of the former Financial [...]
Who exactly is Charlotte Hogg? February 28, 2017 Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]