
Britain’s central bank, the Bank of England, has stated that the high level of immigration that Britain is currently experiencing does in fact lead to lower wages, with those hurt most by the policy being on the semi-skilled or unskilled end
by Raheem Kassam21 Dec 2015, 1:11 PM PST0

LONDON, Oct 19 – Bank of England Governor Mark Carney will spell out how Britain’s membership of the European Union (EU) affects the central bank’s ability to manage the economy and protect the country’s banking sector in a key speech
by Reuters20 Oct 2015, 2:34 AM PST0

LONDON (Reuters) – Concerns among British employers about a new, higher UK minimum wage are contributing to a sharp slowdown in hiring via recruitment firms, according to a survey published on Thursday. The number of people hired last month for
by Reuters8 Oct 2015, 5:49 AM PST0

LONDON, Sept 29 (Reuters) – Bank of England Governor Mark Carney said on Tuesday that companies must be more open about their “climate change footprint” to avoid abrupt changes in asset prices that could destabilise markets. The speed at which assets
by Reuters30 Sep 2015, 1:47 AM PST0

A senior Bank of England official has said British workers lose out on pay rises because cheap migrant labour takes up low-skilled jobs. Deputy Governor Ben Broadbent, one of just four at the bank, was speaking at ‘Understanding the Great Recession:
by Sarkis Zeronian24 Sep 2015, 9:34 AM PST0

Inflation has fallen to its lowest level in 25 years, the Bank of England announced this week. There is even the risk of ‘negative inflation’ in the months ahead. In today’s missive, we attempt to pull the wool back from
by Dominic Frisby19 Feb 2015, 7:26 AM PST0

The Governor of the Bank of England has called for further eurozone integration if the monetary union is “to avoid a lost decade”. Speaking in Dublin at an event to honour the Canadian finance minister Jim Flaherty, Mark Carney said, “It
by A.B. Sanderson30 Jan 2015, 1:26 AM PST0