Topic filter : Bank Of England

Most trending topics in Business & Finance ( last 24 hours ):
Barclays Euro Energy Sector Electricity Power Station Cyber-attack Uber Wall Street Donald Trump Stock Market Royal Bank Of Scotland Small Business Retailer Shopping Bank Of England Interest Rate Referendum Monetary Policy Labour Brexit EU Referendum Wedding Airport Flight Lender Takeover Takeover Bid Rupert Murdoch Sky Online Shop Online Shopping Citizens Advice Contract

Socially Most Trending News

. An economics professor from the London School of Economics who warned against Brexit has been appointed to the Bank of England’s interest rate-setting committee. ... [Read full article on Guardian ]
Monday 19th of June 2017 03:47:58 PM
Total Trend count
62
Most trending on :
60 2
.... Inflation was higher than commentators had been expecting. Writing in the Guardian, the former Bank of England policymaker Andrew Sentance said the squeeze on consumers was being reflected in weaker retail sales. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:36 AM
Total Trend count
58
Most trending on :
40 13 5
....3% rise in VAT receipts, although recent shopping trends appear to show this will weaken in the coming months. The Bank of England said in a separate report that higher food prices were leaving people with less money to spend on non-essentials such as furniture and eating out. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 10:49:47 AM
Total Trend count
36
Most trending on :
36
.... The main outcome of the crash is that the DNA of the system that nearly destroyed the world economy is still there. In 2015 Andrew Haldane, the Bank of England’s financial stability chief, suggested that not even the regulator can know what banks really own and owe because they are still allowed to hide so much off the balance sheet. ... [Read full article on Guardian ]
Friday 23rd of June 2017 06:39:41 PM
Total Trend count
23
Most trending on :
17 6
....If all that’s left is a sexist, devil-take-the-hindmost wasteland which treats people as disposable and interchangeable, perhaps the world doesn’t really need your great new idea. City traders are not the only people to follow the twists and turns of policymakers at the Bank of England. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:22 AM
Total Trend count
22
Most trending on :
20 2
. The lack of wage growth in Britain’s economy is the result of turning the clock back to the days before the Industrial Revolution when there were no trade unions and self-employment was rife, the chief economist of the Bank of England has suggested. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 04:09:13 PM
Total Trend count
21
Most trending on :
12 7 2
....It builds upon the report from the European commission earlier this month which fell short of forcing the relocation of euro clearing after Brexit but would allow tougher regulation of “systemically” important amounts of trade being conducted by clearing houses outside the remaining 27 members of the EU. In a speech this week, Mark Carney, governor of the Bank of England, outlined the scale of the clearing market. ... [Read full article on Guardian ]
Friday 23rd of June 2017 04:40:12 PM
Total Trend count
20
Most trending on :
17 3
.... In other words, low interest rates held productivity down by allowing heavily indebted zombie companies to survive for longer than they otherwise would have done. The Bank of England has acknowledged that trade-off, estimating that productivity would have been 1% to 3% higher in the UK had it raised interest rates to pre-crisis levels in the recovery phase. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 08:32:56 AM
Total Trend count
19
Most trending on :
18 1
....“The resurgence of inflation makes the low interest rate environment even more punitive for cash savers because their money is losing its buying power even faster,” Khalaf said. The Brexit vote appeared to scupper the idea that the Bank of England would soon increase borrowing costs, with market expectations of a rate rise by 2018 plunging from 86% on the day of the referendum to 20% now. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
Total Trend count
17
Most trending on :
10 6 1
. Signs of a deepening rift on the Bank of England’s monetary policy committee have emerged after Threadneedle Street’s chief economist revealed he seriously considered opposing the governor, Mark Carney, and voting for an interest rate rise earlier this month. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 11:09:59 AM
Total Trend count
11
Most trending on :
10 1
Wednesday 21st of June 2017 07:30:28 AM
Total Trend count
9
Most trending on :
8 1
....Angela Merkel, bruised from Trump’s decision to reject the Paris climate change deal, is understood to be keen to get the US to sign up to tough regulations on banks put forward by the Financial Stability Board (FSB), an arm of the G20. Mark Carney, the Bank of England governor and boss of the FSB, wrote to Berlin in March demanding greater efforts to tackle the riskier parts of the financial system. ... [Read full article on Guardian ]
Sunday 25th of June 2017 10:30:27 AM
Total Trend count
9
Most trending on :
7 2
.... Any other course would encourage the idea that banks and bankers can play by different rules from the rest of us. It’s one thing for colleagues to have a dig at Boris Johnson, but it seems the foreign secretary is now also fair game for the governor of the Bank of England. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 06:05:43 PM
Total Trend count
8
Most trending on :
5 3
....It may not currently be the most fashionable tactic for everyone – but this week we’re going to see what happens when our ruling classes talk to ordinary people. On Wednesday we get the latest instalment of the Bank of England’s agents’ summary of business conditions – effectively a report from Threadneedle Street’s eyes and ears on the ground around the country. ... [Read full article on Guardian ]
Monday 19th of June 2017 11:28:57 AM
Total Trend count
6
Most trending on :
3 3
....In April, the group wrote down the value of its stake to zero, taking a further £140m hit on its shareholding that had stood at 100% before the problems at the banking arm were uncovered in 2013. Four years ago, hedge funds which owned bonds issued by the Co-op bank helped contribute to its rescue and they are again regarded as the most likely source for the extra capital the bank needs to appease the Bank of England. ... [Read full article on Guardian ]
Monday 19th of June 2017 05:30:31 PM
Total Trend count
6
Most trending on :
5 1
. Fears that the start of Brexit negotiations will damage the economy mean that interest rates should remain at their record-low level, the governor of the Bank of England has said. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 07:33:47 AM
Total Trend count
5
Most trending on :
5
Monday 19th of June 2017 07:39:21 AM
Related Topics :
Total Trend count
4
Most trending on :
3 1
. Owners have seen the value of their properties doubling in some areas of the country while the average rise is £60,000 since the Bank of England dropped the base rate to its historic low of 0. ... [Read full article on Daily Express ]
Wednesday 21st of June 2017 12:01:00 AM
Total Trend count
4
Most trending on :
3 1
. We have heard plenty from the Bank of England’s monetary policy committee of late, with its members divided over how to set interest rates in a post-referendum Britain. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:22 AM
Total Trend count
4
Most trending on :
3 1
.... Proper boardroom accountability, even with startups and technology innovators, is a principle worth defending. It’s the big bust-up in Threadneedle Street: the governor of the Bank of England versus the chief economist. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 10:01:21 AM
Total Trend count
3
Most trending on :
2 1

Latest Finance News related to Bank Of England

Booming stock markets distract from threat of excessive lending image
Source : Guardian [Read Article] Sunday 25th of June 2017 10:30:27 AM
....Angela Merkel, bruised from Trump’s decision to reject the Paris climate change deal, is understood to be keen to get the US to sign up to tough regulations on banks put forward by the Financial Stability Board (FSB), an arm of the G20. Mark Carney, the Bank of England governor and boss of the FSB, wrote to Berlin in March demanding greater efforts to tackle the riskier parts of the financial system. ...
Maxed-out consumers of concern to Bank of England image
Source : Guardian [Read Article] Sunday 25th of June 2017 06:00:22 AM
. We have heard plenty from the Bank of England’s monetary policy committee of late, with its members divided over how to set interest rates in a post-referendum Britain. ...
Uber and the ‘brogrammers’ feel the consequences of changing the world image
....If all that’s left is a sexist, devil-take-the-hindmost wasteland which treats people as disposable and interchangeable, perhaps the world doesn’t really need your great new idea. City traders are not the only people to follow the twists and turns of policymakers at the Bank of England. ...
Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
.... The main outcome of the crash is that the DNA of the system that nearly destroyed the world economy is still there. In 2015 Andrew Haldane, the Bank of England’s financial stability chief, suggested that not even the regulator can know what banks really own and owe because they are still allowed to hide so much off the balance sheet. ...
London could lose out as ECB seeks control of euro clearing after Brexit image
....It builds upon the report from the European commission earlier this month which fell short of forcing the relocation of euro clearing after Brexit but would allow tougher regulation of “systemically” important amounts of trade being conducted by clearing houses outside the remaining 27 members of the EU. In a speech this week, Mark Carney, governor of the Bank of England, outlined the scale of the clearing market. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....“The resurgence of inflation makes the low interest rate environment even more punitive for cash savers because their money is losing its buying power even faster,” Khalaf said. The Brexit vote appeared to scupper the idea that the Bank of England would soon increase borrowing costs, with market expectations of a rate rise by 2018 plunging from 86% on the day of the referendum to 20% now. ...
Inflation needs to be checked with rate increase, says MPC member image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:01:21 PM
. A Bank of England policymaker has heaped further pressure on Mark Carney, the governor, with a warning that the central bank’s policymakers have failed to spot an inflationary spiral that needs to be choked off with an immediate increase in interest rates. ...
Low wages are 'return to pre-industrial Britain', says Bank of England economist image
. The lack of wage growth in Britain’s economy is the result of turning the clock back to the days before the Industrial Revolution when there were no trade unions and self-employment was rife, the chief economist of the Bank of England has suggested. ...
Bank of England rift as chief economist ponders interest rate rise image
Source : Guardian [Read Article] Wednesday 21st of June 2017 11:09:59 AM
. Signs of a deepening rift on the Bank of England’s monetary policy committee have emerged after Threadneedle Street’s chief economist revealed he seriously considered opposing the governor, Mark Carney, and voting for an interest rate rise earlier this month. ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....3% rise in VAT receipts, although recent shopping trends appear to show this will weaken in the coming months. The Bank of England said in a separate report that higher food prices were leaving people with less money to spend on non-essentials such as furniture and eating out. ...
Uber CEO Travis Kalanick should have gone years ago | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:01:21 AM
.... Proper boardroom accountability, even with startups and technology innovators, is a principle worth defending. It’s the big bust-up in Threadneedle Street: the governor of the Bank of England versus the chief economist. ...
Why is productivity so low since the crisis – particularly in the UK? | Howard Davies image
.... In other words, low interest rates held productivity down by allowing heavily indebted zombie companies to survive for longer than they otherwise would have done. The Bank of England has acknowledged that trade-off, estimating that productivity would have been 1% to 3% higher in the UK had it raised interest rates to pre-crisis levels in the recovery phase. ...
Record low interest rates send house prices SOARING for homeowners image
Source : Daily Express [Read Article] Wednesday 21st of June 2017 12:01:00 AM
. Owners have seen the value of their properties doubling in some areas of the country while the average rise is £60,000 since the Bank of England dropped the base rate to its historic low of 0. ...
SFO has clear public interest in pursuing Barclays case | Nils Pratley image
.... Any other course would encourage the idea that banks and bankers can play by different rules from the rest of us. It’s one thing for colleagues to have a dig at Boris Johnson, but it seems the foreign secretary is now also fair game for the governor of the Bank of England. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
. Fears that the start of Brexit negotiations will damage the economy mean that interest rates should remain at their record-low level, the governor of the Bank of England has said. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
....The oddity here is worth noting. Ethical banking, Co-op Bank-style, would be at risk of death, or uncertain resolution at the hands of the Bank of England, if the hedge funds that own the bonds were not willing to find the extra £750m of funding. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
....In April, the group wrote down the value of its stake to zero, taking a further £140m hit on its shareholding that had stood at 100% before the problems at the banking arm were uncovered in 2013. Four years ago, hedge funds which owned bonds issued by the Co-op bank helped contribute to its rescue and they are again regarded as the most likely source for the extra capital the bank needs to appease the Bank of England. ...
Brexit critic joins Bank of England interest rate-setting committee image
Source : Guardian [Read Article] Monday 19th of June 2017 03:47:58 PM
. An economics professor from the London School of Economics who warned against Brexit has been appointed to the Bank of England’s interest rate-setting committee. ...
Did you hear the one about the inequality and the thinktank? image
Source : Guardian [Read Article] Monday 19th of June 2017 11:28:57 AM
....It may not currently be the most fashionable tactic for everyone – but this week we’re going to see what happens when our ruling classes talk to ordinary people. On Wednesday we get the latest instalment of the Bank of England’s agents’ summary of business conditions – effectively a report from Threadneedle Street’s eyes and ears on the ground around the country. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
....Osborne’s plan to reduce the deficit indicated Britain’s weakness because it could only succeed once consumers accepted the need to borrow and spend again like they did before the financial crash. And they could only perform this task with the help of zero interest rates, kindly supplied by the Bank of England. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
....Unsecured consumer credit – including credit cards, car loans and payday loans – is this year expected to hit levels not seen since the 2008 financial crash. There has been concern in the Bank of England that consumer spending is being underpinned by debt, amid comparisons to the run-up to the financial crash. ...
Almost 1m UK bank customers will be forced to use new sort codes image
Source : Guardian [Read Article] Friday 16th of June 2017 06:15:07 PM
. Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes as the high street lenders implement rules intended to make the financial system safer, a Bank of England official has said. ...
City's Mansion House dinner cancelled after Grenfell Tower fire image
Source : Guardian [Read Article] Thursday 15th of June 2017 01:46:46 PM
. The annual Mansion House dinner for City grandees planned for Thursday night, due to include high-profile speeches by the chancellor and governor of the Bank of England, has been cancelled following the devastating fire at Grenfell Tower in west London. ...
Bank of England doves right to thwart hawks seeking interest rate rise image
Source : Guardian [Read Article] Thursday 15th of June 2017 01:18:37 PM
.... A week after the general election Britain lacks an effective government. Is this the right time for the Bank of England to be thinking about raising interest rates?. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
. The Bank of England has edged closer to raising interest rates as a deeper split emerged among its committee of policymakers, with three out of eight voting for an immediate rise to keep inflation in check. ...
The Guardian view on austerity economics: it failed | Editorial image
Source : Guardian [Read Article] Wednesday 14th of June 2017 07:07:26 PM
.... Should that hope proved unfounded, the pound will drop sharply, adding to the squeeze on living standards. The Bank of England is no position to provide much support for an ailing economy. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
....Andrew Tyrie will be a hard act to follow as chairman of the Treasury select committee, as said here when the Conservative MP for Chichester announced his retirement from parliament before the election. The Treasury committee is the most important of them all, and Tyrie – as well as getting under the skin of errant bankers, financial regulators and Bank of England officials – was on top of the detail. ...
UK pay squeeze breaks all sorts of records for all the wrong reasons | Larry Elliott image
....The continued depressed state of wages takes a bit more explaining. For years, the Bank of England has been predicting that the fall in unemployment will make it harder for employers to attract and retain workers, forcing them to offer more generous pay deals. ...
Pay squeeze intensifies as wage growth falls further behind inflation image
Source : Guardian [Read Article] Wednesday 14th of June 2017 08:35:03 AM
....“The UK economy faces a dangerous cocktail of political uncertainty, slowing growth and shrinking real wages,” said Ben Brettell, senior economist, Hargreaves Lansdown. The weak outlook for consumers and pay is expected to convince policymakers at the Bank of England to look beyond rising inflation – already well above the Bank’s 2% target – and leave interest rates on hold at an all-time low of 0. ...
Shop around to tackle inflation as rate at four-time high image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:20:00 AM
....Experts are urging savers to move on as the latest figures show consumer price inflation at a four-year high of 2. 9 per cent in the year to May, ahead of the Bank of England's 2 per cent target for the fourth month in a row. ...
Britons feel the squeeze as inflation rises to four-year high of 2.9% image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:37:27 AM
.... Wage figures due on Wednesday were expected to show the gap between underlying pay growth and the inflation increase widened further in April. The higher-than-expected inflation figure will intensify the debate over how long the Bank of England may leave interest rates at the record low of 0. ...
Bosses are right: political uncertainty will damage the economy | Nils Pratley image
.... They did not materialise, or at least not in the style imagined. The Brexit flunk was a brief affair and the Bank of England and almost every other forecaster was obliged to admit that Armageddon would not be arriving as previously advertised. ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
.... There are worries that the volume of lending will be vulnerable to an increase in interest rates or rise in unemployment. Bank of England economists writing in a blogpost entitled “Car finance – is the industry speeding?” argue that “the industry’s growing reliance on PCP has made it more vulnerable to macroeconomic downturns”. ...
Take a bow Mario Draghi – has the ECB chief saved the eurozone? image
Source : Guardian [Read Article] Thursday 8th of June 2017 02:21:01 PM
.... It didn’t in the US and it didn’t in the UK, two countries that pursued exactly the same macro-economic strategy as the ECB, only earlier. Like the US Federal Reserve and the Bank of England, the ECB has cut interest rates to the bone and cranked up the electronic printing presses. ...
Cash savers losing interest over low returns image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 09:17:00 AM
. Somebody who had £1,000 in savings on March 2009, when the Bank of England slashed base rates to just 0. ...
Rise in housebuilding boosts construction sector in May image
Source : BBC [Read Article] Friday 2nd of June 2017 11:39:01 AM
.... . Meanwhile, the Bank of England said loan approvals fell to a seven-month low in April. ...
Shrinking tax base suggests personal allowance is generous enough image
Source : Guardian [Read Article] Thursday 1st of June 2017 07:03:03 PM
.... Maybe that’s part of the Conservatives’ plan. Members of the Unite union at the Bank of England will on Thursday start voting on whether to hold a strike this year in protest over a “derisory” 1% pay offer well below the current inflation rate of 2. ...
George Soros attacks Hungarian prime minister for building a 'mafia state' image
....Soros also predicted that Britain’s EU divorce could take five years and “will be an immensely damaging process, harmful to both sides”. But the man who once bet and won against the Bank of England, said a British vote to rejoin the EU could not be ruled out. ...
UK policymakers face a dilemma over public's slowing demand for credit image
Source : Guardian [Read Article] Wednesday 31st of May 2017 07:17:49 PM
....As we know from recent experience, when debt bubbles burst, they hit everyone and drag the economy down into recession. The Bank of England’s most recent data for April shows that the mania for borrowing last year and the year before has paused somewhat since January. ...
UK comes bottom of G7 growth league as Canada takes lead image
Source : Guardian [Read Article] Wednesday 31st of May 2017 04:28:02 PM
.... That higher inflation has hit household budgets and dented the main driver of UK growth, consumer spending. The Bank of England said earlier this month that it expected GDP growth would edge up marginally to 1. ...
Mortgage approvals at seven-month low image
Source : BBC [Read Article] Wednesday 31st of May 2017 10:05:22 AM
....Fixed mortgage rates have fallen to new lows, but home loan approvals have also fallen to their lowest level since September. There were 64,645 mortgage approvals for house purchases in April, the Bank of England said, a 2% fall on the previous month. ...
Strong sales growth at Aldi and Lidl takes their market share to 12% image
Source : Guardian [Read Article] Wednesday 31st of May 2017 08:55:13 AM
....”. Bank of England lending figures showed that consumers had also become more cautious before dipping their toes in the housing market. ...
BA’s failures fly in the face of ‘customer as king’. This is the new normal | Peter Fleming image
.... And BA stands to receive a £100m compensation bill in wake of the mess. This could be a good example of what Bank of England chief economist Andy Haldane meant when he said British corporations risked “eating themselves” due to their myopic focus on the next dividend payout. ...
Election rules hit Bank's recruitment as monetary policy committee shrinks image
. The Bank of England’s rate-setting team could be reduced to seven members for the first time in nearly 11 years as election “purdah” rules will delay appointments until at least next month. ...
Far from ‘strong and stable’, May’s economic plan is weak and unstable image
....Confronted with the strong evidence that economic policy since 2010 has been a failure, May’s response has been to offer more of the same. Deep welfare spending cuts are designed to balance the books, and would help do so if the Bank of England was in a position to respond with cheaper borrowing. ...
Labour’s hope doesn’t usually play well in an age of anxiety image
Source : Guardian [Read Article] Saturday 27th of May 2017 04:00:32 PM
....There will be other factors playing on people’s minds. The prospect of higher interest rates (which won’t happen, despite the Bank of England governor Mark Carney threatening them) will suggest a further squeeze on incomes, as will five more years of austerity under a Tory government. ...
SFO delays decision again on charging Barclays over 2008 fundraising image
.... A high court judge has adjourned the case – which was due to start last Monday and would require former RBS chief executive Fred Goodwin to give evidence - until 7 June to allow settlement attempts. Later in the year, Lloyds Banking Group faces accusations from shareholders that they were not told that HBOS was dependent on emergency funding from the Federal Reserve and the Bank of England at the time of its takeover by Lloyds in 2008. ...
'Workers are being punished by Brexit' – experts debate the data image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:14:25 AM
.... A rise in crude oil prices has also added to the upward pressure on inflation and last month it hit 2. 7%, higher than economists had been expecting and well above the Bank of England’s target for inflation at 2. ...
UK economy slows more than expected as inflation hits spending image
Source : Guardian [Read Article] Thursday 25th of May 2017 09:24:06 AM
TUC urges government to help boost pay as debt nears record levels image
Source : Guardian [Read Article] Thursday 25th of May 2017 05:01:19 AM
....The TUC said the financial pressures on households were evident from the near-300,000 county court debt judgments against consumers in the first three months of 2017 – a 35% increase over the same period in 2016 and the sharpest quarterly increase for a decade. The Bank of England has also expressed its concerns about the rise in unsecured debt, announcing a review of consumer credit in its latest inflation report. ...
Bank of England governor falls for email prank but maintains his composure image
. The Bank of England governor, Mark Carney, has fallen victim to an online prankster who got him to joke about one of his predecessor’s supposed drinking habits. ...
If London subsidises the rest of the UK, where does that leave Scotland? | Nils Pratley image
.... And it has experience of takeovers, having absorbed many laggards from within the building society sector over the years. Regulators at the Bank of England would probably be delighted by such a union. ...
Debt fears remain despite manifesto 'breathing space' plans image
Source : BBC [Read Article] Monday 22nd of May 2017 11:24:11 PM
....The City regulator - the Financial Conduct Authority (FCA) - has warned of an acceleration in consumer borrowing, such as loans, overdrafts, credit card debt and car finance. This echoes concerns raised by the Bank of England. ...
Reality Check: How does government borrowing compare? image
Source : BBC [Read Article] Monday 22nd of May 2017 01:48:26 PM
....Among the more eye-catching claims of the campaign so far has been Jeremy Corbyn's repeated assertion that the Conservative-led governments since 2010 have borrowed more money than all Labour governments in history. This can be checked using the Bank of England's handy three centuries of economic data spreadsheet. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
....The main consumer regulator for the financial services industry, the Financial Conduct Authority, is reviewing the market for car leasing, which now accounts for more than 90% of car sales, to check for mis-selling to poorer households who will be vulnerable to default. The Bank of England is also on the case. ...
Brexit clouds gather over Chelsea flower show as sponsorship wilts image
Source : Guardian [Read Article] Friday 19th of May 2017 05:57:59 PM
....Last year, the newly married Rupert Murdoch and Jerry Hall were snapped walking hand in hand among the blooms in a rare public outing. Perennial attendees include the former Marks & Spencer chief executive Sir Stuart Rose, as well as Lord Myners, WPP boss Sir Martin Sorrell, the governor of the Bank of England, Mark Carney, former Newsnight host Jeremy Paxman, Stephen Fry, Ringo Starr and Dame Judi Dench. ...
What does increased consumer spending really mean for the UK? image
Source : Daily Express [Read Article] Thursday 18th of May 2017 03:47:00 PM
....The surge in price pressures is largely to do with the depreciation in pound exchange rates recorded in the months following the UK’s decision to Brexit from the European Union. Inflation is now running above the Bank of England’s (BoE) target of 2 per cent and is significantly outstripping the pace of wage growth. ...
Election 2017: State pension triple lock battle lines drawn image
Source : BBC [Read Article] Thursday 18th of May 2017 02:32:16 PM
....For example prices, as measured by inflation, are predicted to rise by about 2. 3% in the second quarter of 2020, according to the Bank of England - very close to the 2. ...
British shoppers go on spring spree – but the outlook may be chillier | Larry Elliott image
.... Competition in the mortgage industry means that people are coming off SVRs albeit at a slow rate. But lenders that are charging what are effectively rip-off mortgage rates have received more than £100bn in cut-price funding from the Bank of England in recent years. ...
Surprise surge in UK retail sales powers pound to eight-month high image
Source : Guardian [Read Article] Thursday 18th of May 2017 10:39:36 AM
....The stronger-than-expected figures pushed the pound as high as $1. 3045 at one point on Thursday – its highest against the dollar since 29 September last year – partly as traders brought forward their expectations for an interest rate rise from the Bank of England. ...
Government accused of ignoring workers' plight as UK faces pay squeeze image
Source : Guardian [Read Article] Wednesday 17th of May 2017 09:24:55 AM
....7% and is heading above 3%, according to many forecasters, adding to the pressure on politicians to act. The Bank of England is watching for signs of a pickup in wages that could add to inflation. ...
UK wage growth lags inflation for first time since mid-2014 image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:33:02 AM
.... . Ben Brettell, senior economist at Hargreaves Lansdown, said: "With inflation forecast to carry on rising - Bank of England policymakers predict inflation will peak at a little below 3% in the fourth quarter - household budgets look certain to be squeezed further in the coming months. ...
The safety-first for savers and pensioners trying to secure shares image
Source : Daily Express [Read Article] Wednesday 17th of May 2017 12:01:00 AM
....” . Ben Brettell, senior economist at Hargreaves Lansdown, warned that the Bank of England was unlikely to hike interest rates as the economy slows. ...
UK inflation: How could latest figures impact an international property purchase? image
....But how could the uptick in CPI impact anyone planning to make an international property purchase?. UK inflation has been climbing steadily over the last year, with the post-EU referendum depreciation in the pound causing consumer price pressures to exceed the Bank of England’s (BoE) 2 per cent target for the first time in years. ...
Global stock markets: what's driving the record rises – and will they continue? image
.... Even if it does begin to ease its stimulus measures in the late summer, investors are likely to welcome the fact that the eurozone economy would be strong enough to absorb such a move. In the UK, the Bank of England last week suggested rates may rise sooner than the market expected, but economists believe there will be no move until 2019. ...
FTSE 100's record-breaking streak continues image
Source : BBC [Read Article] Tuesday 16th of May 2017 09:33:01 AM
....3% in March. Connor Campbell of Spreadex said: "The Bank of England appears reluctant to combat rising prices with a rate hike; combine that with the alarming squeeze on real wages and the pound has little reason for cheer, something that only works in the FTSE's favour. ...
Energy price rises help drive UK inflation up to 2.7% image
Source : Guardian [Read Article] Tuesday 16th of May 2017 09:04:59 AM
....But the fall in the value of sterling following the Brexit vote has pushed up the prices of imports, especially of food and clothing. The Bank of England predicted last week that inflation would peak at 2. ...
Debt fears grow as county court judgments soar by 35% image
Source : Guardian [Read Article] Monday 15th of May 2017 05:07:52 PM
....Anti-poverty charities have warned that the growing number of people taken to court for failing to pay their debts could worsen this year as rising inflation and slowing wage growth eat into household finances. In recent months the Bank of England, MPs and charities have warned that consumer debt levels were dangerously high, citing increases in lending from banks, car leasing companies, credit card firms and shops offering interest free-credit. ...

Page rendered in 2.7069 seconds.