Bank of England chief Andrew Bailey tried to remove his name from a damning report into a £237m savings scandal – as MPs call for a full inquiry Andrew Bailey ran the Financial Conduct Authority until March He was named and shamed in probe into watchdog’s handling of London Capital & Finance disaster Scandal saw … Read more
Rishi Sunak’s bond to raise ‘green cash’: Investors will be able to buy Government gilts to help raise money for eco-projects Chancellor Rishi Sunak announced the ‘green bond’ available soon to investors Money raised from sale of bonds will fund environmentally friendly projects Bank of England Governor warned climate change poses bigger threat than virus By Lucy White … Read more
Britain’s economy will shrink by 11% and unemployment will rise to 2.6million amid Boris Johnson’s latest lockdown, bank of England warns Governor Andrew Bailey said the Bank expects the economy to shrink again He said economic output would be 11% lower at end of the year than at the start Added that unemployment would rise … Read more
Britain’s economy will shrink by 11% and unemployment will rise to 2.6million amid Boris Johnson’s latest lockdown, bank of England warns Governor Andrew Bailey said the Bank expects the economy to shrink again He said economic output would be 11% lower at end of the year than at the start Added that unemployment would rise … Read more
Duchess of Cornwall is elegant in a pale blue suit and face mask on a visit to the Bank of England HQ with Prince Charles to learn how it’s supporting the economy during Covid-19 The Duchess of Cornwall, 73, visited Headquarters of Bank of England today Camilla was joined by Prince Charles, 71, both of … Read more
Britain is planning to launch its own ‘GI Bill’ like the one brought in in America in 1944 to help soldiers learn new skills after the Second World War to fire up the UK economy after months of lockdown. Culture Secretary Oliver Dowden said he will work with businesses to create new digital training and … Read more
Government could have effectively gone BUST if the Bank of England had not bailed it out at the start of coronavirus crisis, says governor Andrew Bailey Andrew Bailey said government could have gone bust without Bank stepping in UK borrowing soared as the coronavirus crisis took its grip around the world Public debt is now … Read more
The Bank of England is expanding its cash-printing scheme by another £100billion – despite suggesting the economy is doing slightly better than the worst predictions. Governor Andrew Bailey has unleashed another round of quantitative easing, taking the total size of the commitments to £745billion. The widely-expected move came after inflation figures gave the Bank more wriggle-room … Read more
Bank of England’s cash-printing programme ‘could hit £1trillion during coronavirus crisis’ The Bank of England believes the UK could face its worst recession in 300 years The Bank’s money-printing programme could hit £1 trillion during the pandemic The UK economy has been significantly impacted during the coronavirus crisis Statistics reveal UK inflation fell to a … Read more
Bank of England ‘warns City to brace for Brexit trade talks to FAIL’ amid bitter stand-off between UK and the EU with clock running down Bank of England said to have urged City to brace for no deal in UK-EU trade talks Businesses increasingly alarmed at deadlock in the talks between the two sides EU … Read more