Carney’s recent musing on UK jobs and housing bubbles
Bank of England governor-elect Mark Carney’s recent comments suggest an acceptance of higher inflation. So what are his plans for the UK economy?
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From the euro crisis to Facebook’s IPO, Spain’s banks and the fiscal cliff, 2012 was bursting with business news – even knocking the royal baby off the front pages (on occasion). Here’s the countdown.
Bank of England governor-elect Mark Carney’s recent comments suggest an acceptance of higher inflation. So what are his plans for the UK economy?
Chancellor George Osborne is expected to unveil a wealth tax on the rich and a revised welfare cuts package in a mini-budget he says is designed to hit both ends of the pay scale.
Low interest rates, low corporate insolvency rates, interest-only mortgages – they’re all masking the true depth of the UK’s financial crisis.
As the Bank of England’s governor tells the government it can ease off the inflation target, Economics Editor Faisal Islan asks whether it’s the right direction to go.
An independent review into practices around Libor calls for a new body to regulate the inter-bank lending rate, but falls short of scrapping the benchmark.
A day after the central bank governor tells Channel 4 News it is acceptable for Britain to miss its debt target, new figures show government borrowing rising to a record high for August.
On Thursday of this week (20 September), a remarkable moment on Channel 4 News. The Governor of the Bank of England Sir Mervyn King will give his first ever live extended television interview.
It is the most powerful job ever advertised in Britain. It’s not just that the Bank of England Governor sets monetary policy, interest rates for savers and for borrowers.
The UK’s economy is not expected to grow at all in 2012 and it will take an “Olympic” effort and hard work to battle the eurozone crisis, domestic deficit-cutting and tight credit conditions.
Heads of state from around the world are meeting in London with business leaders including IMF head Christine Lagarde and Google’s Eric Schmidt on the eve of Friday’s Olympics opening ceremony.
So Paul Moore, formerly responsible for compliance at HBOS and who was sacked after warning in 2004 that the bank’s lending was risky and in serious danger of-heating, has applied to be the Chairman of Barclays. Mr. Moore, whom I met and talked with extensively last week, is unlikely to be hanging around his phone in the expectation of a Barclays call. Although, I have met no one who knows quite so much about where the more noxious of the banking bodies are buried.
The US pressed the Bank of England to improve the Libor system before Lehman Bros collapsed in 2008 amid reports that Barclays and other global banks were rate rigging, newly released e-mails show.
With former Barclays chief executive Bob Diamond appearing in front of MPs later, Channel 4 News looks at the questions he is likely to be asked.
Following the resignation of Bob Diamond in the midst of the bank lending scandal , Barclays releases a memo of a phone conversation between Mr Diamond and Bank of England Deputy Governor Paul Tucker.