After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Mortgage lending rockets in March 2016 as stamp duty tax changes prompt a borrowing spree April 21, 2016 Mortgage lending ballooned in March as landlords and investors piled into the property market to beat a slew of tax changes which came into effect at the start of April. A total of £25.7bn was borrowed for home purchases in March, according to figures released by the Council of Mortgage Lenders (CML) this morning – 43 [...]
London house prices will continue to grow even if the UK leaves the EU, say homeowners April 21, 2016 Parts of London's property market might be stumbling, but that's not stopping the capital's homeowners being the most confident people in the country that Brexit would not affect their house prices. Foolhardy? Maybe. But according to a new survey, London's homeowners expect to see double-digit growth in their property prices over the next six months – [...]
Who’s going to be on the Bank of England’s new £20 note? Beatrix Potter, JMW Turner and Banksy are all in the running, but David Bowie is not April 20, 2016 So long, Adam Smith. We hardly knew ye. The father of modern economics may have given us the foundations of the free market, but he's being unceremoniously ditched by the Bank of England as the face of the £20 this week. Not that he's in bad company, mind – others who have been loved and lost [...]
Unemployment numbers up and wage growth down: Why the UK labour market has started to stutter April 20, 2016 Jobs and wages figures released today raised questions over whether the UK economy could be losing steam. Analysts were quick to point to a host of factors that could be at play, as well as what the numbers mean for everything from interest rates to Brexit. The figures The headline unemployment rate came in unchanged [...]
Wage growth falls and jobless numbers climb as Britain’s jobs recovery falters April 20, 2016 Wage growth stumbled and the number of people out of work jumped in the three months to February 2016, according to numbers released by the Office for National Statistics (ONS) this morning, in a sign that the UK labour market could be losing steam. Pay packets grew by 1.8 per cent compared to last year [...]
MPs to be given power on picking future chief executives of the Financial Conduct Authority (FCA) April 19, 2016 MPs will be given the power to say yea or nay to the top role at the City watchdog, thanks to a legal amendment agreed on today. The proposed clause for the Bank of England and Financial Services Bill means that government will have to seek approval from parliament, particularly the Treasury Select Committee, for any future [...]
Mark Carney dismisses helicopter money as a “compounding ponzi scheme” April 19, 2016 The governor of the Bank of England has written off the idea of the experimental monetary policy idea known as helicopter drops as a "compounding ponzi scheme". Mark Carney told the House of Lords Economic Affairs Committee this afternoon that he was "not a believer" in the concept of helicopter drops saying the policy would erode faith in [...]
Mark Carney comes out fighting over Bank of England’s role in the Brexit referendum April 19, 2016 Mark Carney has told Lords that the Bank of England will continue to talk about how the EU referendum affects the UK economy in the run-up to the vote, that he broadly agrees with the Treasury's analysis of the impact of Brexit and warned that London could lose its status as a "pre-eminent" financial centre. [...]
What to expect Mark Carney to be grilled about by the House of Lords today – from Brexit to current account, inflation and Panama Papers April 19, 2016 The most watched man in Threadneedle Street will trundle over to SW1 today to face his annual grilling from the House of Lords Economic Affairs Committee. That’s right, the governor of the Bank of England, Mark Carney, will be up against 13 of the Lords’ sharpest minds, all desperate to peer into the soul of [...]
Mervyn King abdicates from the board of recently relegated Aston Villa after just two months in the role April 18, 2016 When former Bank of England governor Sir Mervyn King announced that he would be joining the board at Aston Villa, his task at the football club was likened to battling the fallout from the financial crisis. But now, after just two months in the role, King has abdicated from the club alongside fellow director and ex Football Association chair David Bernstein, [...]