The Britcoin revolution! Rishi Sunak plans to replace our cash with official digital currency in ‘biggest upheaval in the monetary system for centuries’ Bank of England would establish a direct digital equivalent to physical money Supporters say the move will give the economy a boost during a financial crisis Could slash cost and time it … Read more
Bank of England vows to improve diversity after internal review found ethnic minority staff are less likely to be promoted and their white colleagues are paid more Internal review at Bank of England discovered failures in institution’s diversity Ethnic minorities less likely to be promoted and paid less than white colleagues Bank also missed its own … Read more
Finance firm bosses could see their pay hit if they don’t hire enough female, black and Asian staff under new plans New Bank of England plans could see finance bosses’ pay linked to BAME targets Prudential Regulation Authority and Financial Conduct Authority are attempting to boost representation of women and ethnic minority groups in the … Read more
Bank of England’s chief economist warns inflation could be ‘nearer four per cent than three per cent’ by the end of the year and ‘everyone will lose’ if it continues to spike Andy Haldane said ‘everyone would lose’ if inflation level continues to increase Mr Haldane said inflation could be ‘nearer to 4% than 3%’ … Read more
The Bank of England has been accused of taking part in a ‘bonfire of the vanities’ after removing portraits of governors linked to the slave trade despite the government’s ‘retain and explain’ guidance. Eight oil paintings and two busts were recently transferred to a private area following last June’s review into former Bank leaders’ links … Read more
Inflation rate DOUBLES in a month to 1.5%: Higher energy bills and clothes prices push up the cost of living, new figures show Annual rate of inflation leapt to 1.5 per cent in April, up from March’s 0.7 per cent Rising energy bills and clothing prices key factors in the UK’s surging cost to live … Read more
The shocking memory of clambering back on to the UK housing ladder in 1989, after a decade living in Washington, is as vivid today as it was then. Even though I was lucky enough to have a decent deposit for a new home, the cheapest mortgage I could find was at a savage 12.75 per … Read more
CPI inflation rate DOUBLES to 1.5% in April amid rising fears prices could soar as economy bounces back from coronavirus The headline CPI inflation rate has risen from 0.7% in March to 1.5% in April The higher-than-expected figure will fuel fears about prices soaring after Covid Bank of England has said there is likely to … Read more
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’ … Read more
Britain’s economy will bounce back from Covid-19 like a ‘tennis ball’, putting the country at the top of the G7 growth league, a Bank of England boss says today. Chief economist Andy Haldane says the UK’s recovery will be so strong that as many new jobs could be created as lost this year, meaning ‘little … Read more