Government policy, not the Bank of England will determine future interest rate hikes September 16, 2026 Today’s inflation data does not address two troubling risk on the horizons: a renewed surge in global energy prices and the upcoming Budget, says William Nixon This morning’s inflation data came in close to market expectations, with headline inflation rising to 3.1 per cent in August from 2.9 per cent in July. Compositionally, the increase [...]
Did call centres cause Brexit? September 16, 2026 Over a generation, millions of ordinary interactions with government, utility providers, financial institutions and corporate giants became remote, standardised and procedural. Each individual change was introduced in the name of operational efficiency. But accumulated across a lifetime, they altered something more fundamental: our sense that an individual can make things happen, says Lucy Harris Did [...]
How do central bankers decide interest rates when inflation is so unpredictable? September 16, 2026 The Federal Reserve, Bank of England and Bank of Japan all confront the same question this week: how do you set interest rates when inflation is being buffeted by forces well beyond your control? Writes Helen Thomas Three of the world’s most important central banks meet this week, with the Federal Reserve, Bank of England [...]
Haldane warns Burnham on ‘tax-and-spend socialists with better TikTok videos’ September 16, 2026 Former Bank of England chief economist Andy Haldane has warned Prime Minister Andy Burnham that markets believe he is presiding over a “traditional tax and spend socialist government with better Tiktok videos”. Haldane, who advised Burnham before he returned to Westminster earlier this year, said the government’s “Achilles’ heel” was its inability to cut public [...]
Inflation inches higher ahead of interest rates decision September 16, 2026 Inflation inched higher in the year to August, official data has shown, adding to pressures faced by the Bank of England ahead of its interest rate decision on Thursday. The Office for National Statistics (ONS) said consumer price index (CPI) inflation in the 12 months to August was 3.1 per cent, higher than last month’s [...]
Bank of England under pressure to raise interest rates or risk ‘losing credibility’ September 16, 2026 The Bank of England is facing mounting pressure to raise interest rates on Thursday amid a global bond market rout fuelled by concerns over runaway government borrowing and sticky inflation. Investors told Threadneedle Street it was “essential” to rein in prices before the energy shock triggered by the Iran war spreads through the economy and [...]
Hold interest rates despite inflation risk, Shadow MPC tells Bank of England September 15, 2026 The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said. The Bank should leave interest rates unchanged at 3.75 per cent, according to most top economists in [...]
Andrew Bailey: Latest AI advances are an ‘OMG moment’ for cyber crime September 15, 2026 The latest advances in frontier AI are an “OMG moment” and countries need to “arm themselves”, Andrew Bailey has said, as he highlighted the new threat of financial crime posed by the technology. Speaking at the annual City of London Police Authority Board dinner at the Merchant Taylor’s Hall on Monday, the Bank of England [...]
Top UK banks to raise £50m to build payments network September 15, 2026 Britain’s biggest banks are set to kick off a fundraising campaign that will pave the way for a domestic payments alternative to Mastercard and Visa. The UK Payments Delivery Company (PDC) is launching an equity capital raise as part of a new model from the Bank of England, aligning with the Treasury’s National Payments Vision, [...]
Private sector wage growth at lowest level in nearly six years September 15, 2026 Private sector wage growth remains at lows not seen in nearly six years in a sign that Britain’s labour market is weakening further ahead of a crunch interest rate decision for the Bank of England on Thursday. New data has shown that the wider UK jobs market cooled further over the summer, adding to a [...]