Paul Mason
The truth about low-pay Britain
Just when the media were starting to get all breathless about the “recovery” in real wages, the government’s gone and released data showing how truly and devastatingly low pay has become.
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Collapse of oil price ‘net beneficial to UK’
Andrew Bailey, deputy governor of the Bank of England, tells Channel 4 News that a 45 per cent drop in oil prices is ‘likely to strengthen growth in the UK economy.’
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Cameron warns of looming ‘global economic disaster’
Prime Minister David Cameron gives a bleak assessment of the global economy and warns that the eurozone could be on the brink of recession.
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London in midst of latest banking scam
Five banks are fined after it emerges they manipulated foreign exchange rates for nearly six years. The Bank of England has also been dragged into the scandal, amid claims officials knew about it.
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Banking on bitcoin? Why many more may do so soon
Average UK bank customers may not be using the fast-growing internet currency bitcoin just yet, but as CNBC’s UK Business Editor Helia Ebrahimi reports, authorities would do well to take it seriously.
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‘A yes vote in Scotland could lead to a banking crisis’
Nobel prize winning economist Paul Krugman joins Professor Andrew Hughes-Hallett, who sits on the Scottish government’s Fiscal Advisory Board, to talk about what independence could mean for banks.
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Paul Mason
ECB acts to prevent deflation, but is stagnation now a risk?
As the Eurozone project goes on failing, it is dragging the institutions and economies of Europe into a zone of disrepute that will drive anti-EU sentiment here.
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Taxpayer-backed RBS fined over mortgage advice
Royal Bank of Scotland and NatWest are fined £14.5m after the City regulator finds “serious failings” in its advice to mortgage customers.
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How 29-year-olds are boosting housing market
With signs that the housing market may be cooling, first-time buyers are out in force. So who are these people and how long will the good times last?
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Bonus clawback: just moving money from bankers to lawyers?
The Bank of England confirms plans for a tough new regime for reckless bankers allowing bonuses to be clawed back seven years after they are awarded.
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Sun out for Osborne as UK economy emerges from downturn
The UK economy grew by 0.8 per cent in the second quarter and has now recovered the ground lost since the downturn began in 2008, according to official figures released this morning.
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Paul Mason
The Bank of Zero
The Bank of England is so worried about the financial risk rising from roaring house prices that it has decided to do, er, nothing.
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Is the housing bubble about to burst?
House prices have surged by nearly 10 per cent across Britain, and a third in London. The Bank of England may take action to burst the bubble with rules on borrowing, reports Helia Ebrahimi.
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Housing is ‘biggest risk’ to UK economy, says Carney
“The biggest risk” to the UK economy comes from the booming housing market, Mark Carney warns, as he suggests the Bank of England may step in to stop a “big debt overhang” building up.
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Will young people find it even harder to buy a home now?
Sorry guys – but the news for wannabe first-time buyers just isn’t getting any better. This time it’s Bank of England Governor Mark Carney, interest rates and new mortgage measures.
