Bank of England

UK Shopping Brexit Project Fear Consumer Confidence

Bank of England Predicts UK Living Standards Boost Ahead of Brexit

LONDON (AP) — Bank of England Governor Mark Carney sought Wednesday to quantify the short-term hit of Brexit to British households, but expressed hope that living standards will finally start to improve this year following a period of rising inflation.

credit

Pound Rises Further on UK Rates Outlook

LONDON (AP) — The pound has pushed above the $1.40 level as traders price in a growing likelihood of another interest rate increase in May from the Bank of England.

Mogg

UK Inflation Lower than Expected, Easing Rate Hike Prospects

LONDON (AP) — Consumer price inflation in Britain unexpectedly held steady in July at an annual rate of 2.6 percent, official figures showed Tuesday, in a development that may ease pressure on the Bank of England to raise interest rates at a time when the economy has slowed amid uncertainty over the country’s exit from the European Union.

UKIP

OECD Forced to U-Turn on Dire ‘Quality of Life’ Brexit Predictions

The Organisation for Economic Co-operation and Development (OECD) has u-turned on its dire Brexit predictions, admitting that “quality of life” in Britain will, in fact, “probably remain to a very great extent as it is today”. Prior to Britain’s referendum

bank of england

Bank of England Drawn Into Market Manipulation Scandal

LONDON (AP) — British politicians are seeking an investigation into allegations that the Bank of England was also involved in manipulating a key market interest rate during the financial crisis. The BBC says it has a recording from 2008 between

Mogg

Bank of England Revises Up UK Growth Forecast

LONDON (AP) — The Bank of England revised up its economic growth forecasts for the British economy for the coming three years, crediting much of the improvement to the government’s decision to ease up on austerity in the wake of the country’s vote to leave the European Union.

Mogg

Bank of England Backtracks: EU, Not UK, Has Most to Lose from Brexit

The Governor of the Bank of England, Mark Carney, has told MPs that leaving the European Union (EU) is not the biggest threat to financial stability in Britain, and that Brexit actually poses a bigger risk to the continent than it does to the UK.

BRITAIN-ECONOMY-FOREX-POUND

New Five Pound Note Contains Animal Fat, Angering Vegans

The Bank of England has admitted that its new five pound notes contain tallow, an animal fat, and that they have no idea whether it contains pork products. So far more than 25,000 people have signed a petition demanding the

Mark Carney

Under Fire, Anti-Brexit Carney to Stay Extra Year at Bank of England

LONDON (Reuters) – Bank of England Governor Mark Carney said on Monday he will stay in his job for an extra year until the end of June 2019 to help smooth Britain’s departure from the European Union, but he will depart two years short of a full term.