Bank of England Governor Andrew Bailey predicts inflation spike

Bank of England Governor Andrew Bailey predicts inflation will spike ‘in the next month or so’ before calming down as UK bounces back from Covid as he reveals he spoke to Rishi Sunak EVERY DAY during worst days of the pandemic Andrew Bailey told peers he expects inflation to increase ‘in next month or so’But … Read more

David Cameron will be grilled by MPs next week over the Greensill lobbying row

David Cameron will be grilled by MPs next week over the Greensill lobbying row Finance boss Lex Greensill to appear before the Treasury committee on TuesdayPaid advisor David Cameron urged Rishi Sunak to lend millions to Greensill firmCompany subsequently filed for insolvency, threatening thousands of UK jobs  By Daily Mail Reporter Published: 22:00 BST, 7 … Read more

British business confidence surges amid vaccination drive success

British businesses are increasingly confident of bouncing back this year, with levels of optimism higher than their global counterparts, according to a new survey.  UK firms are more likely to expect a rebound in activity in the coming months than their competitors around the world and expectations of a spike in growth are now stronger … Read more

Bank of England chief warns the EU against ‘serious escalation’ of post-Brexit row over City firms

Bank of England chief Andrew Bailey warns the EU against ‘serious escalation’ of post-Brexit row over City firms, warning that its attempts to force them to relocate in the eurozone would be of ‘dubious legality’ Andrew Bailey faced MPs on the Treasury Committee this afternoonEurope’s top banks asked to justify why they should be allowed … Read more

Bank of England boss launches broadside at EU over finance industry rules

Bank of England governor launches broadside at EU as he warns the bloc is trying to cut the City of London out of its banking market Andrew Bailey warned the Eu that the UK will not become a ‘rule-taker’ nationBank of England governor was speaking during annual speech to City of LondonUK granted EU equivalence … Read more

Recruitment expert shares his top tips for landing a job amid the pandemic

It’s undoubtedly a bleak time in the jobs market, with the economy shrinking in the final quarter of 2020 and the first of 2021, sparked by the initial March lockdown.  Last week Governor of the Bank of England Andrew Bailey warned Britain’s unemployment rate, believed to be at 4.9 per cent with around 2.2million people already … Read more

Bank of England boss Andrew Bailey says the UK’s unemployment rate is WORSE than official figures

Band of England boss Andrew Bailey says the UK’s unemployment rate is WORSE than official figures suggest – as he warns severity of second wave will delay the economic recovery UK’s jobless toll is officially 4.9% but he believes the true level is around 6.5% Bank governor addressed the Scottish Chambers of Commerce virtually today Said Covid … Read more

Bank of England boss warns against EU ‘rule-taker’ Brexit deal for the City

We must not sign Brexit deal for the City if it leaves financial industry as EU ‘rule-taker’, Bank of England boss Andrew Bailey warns Andrew Bailey warned UK can’t pay ‘any price’ for financial services agreementThe Bank of England governor warned against EU ‘rule-taker’ deal for the CityCity firms were largely left out of the … Read more

ALEX BRUMMER: Why Andrew Bailey’s bid to calm storm around savings scandal could cause MORE trouble

ALEX BRUMMER: Why Andrew Bailey’s bid to calm the storm around £237m savings scandal could cause MORE trouble By Alex Brummer for the Daily Mail Published: 00:29 GMT, 19 December 2020 | Updated: 00:32 GMT, 19 December 2020 The choice of Andrew Bailey as governor of the Bank of England in December 2019, just days … Read more

Bank of England chief Andrew Bailey tried to remove his name from report into savings scandal

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 MarchHe was named and shamed in probe into watchdog’s handling of London Capital & Finance disasterScandal saw 11,600 investors, … Read more