New Nationwide figures show that house prices are continuing to rise and the British Chambers of Commerce raises its GDP estimate, amid claims that economic growth is gaining pace.
There are two Mark Carneys. There is one struggling to get the barbecue of UK growth prospects up to cooking temperature. And conversely there is one that in 2015/16 might have to put out a raging credit-fuelled inflationary consumer conflagration.
The new governor of the Bank of England tells a business audience that interest rates are unlikely to rise in the next few years, but action could be taken to prevent a house price boom.
The new Bank of England governor’s pledge to keep interest rates low until unemployment falls is a big innovation – and a signal to the British public to spend, writes Economics Editor Faisal Islam.
In his first major move since taking the helm at the Bank of England, new governor Mark Carney announces that interest rates will not be increased until unemployment drops below seven per cent.
Mark Carney tells Channel 4 News the Bank of England has sympathy for suffering savers, as he announces interest rates will be kept at record lows for years to come to help the economic recovery.
Cathy Newman discusses the interest rate decision with Julia Chanteray of The Joy of Business – a consultancy which helps businesses to develop and Simon Rose from campaign group Save our Savers.
Economists are using the word “storming” to describe the UK economy after a survey for the red-hot services sector showed growth levels at their highest since before the credit crunch.
Outgoing Bank of England Governor Sir Mervyn King’s insistence that banks shore up their balance sheets met with widespread resistance – but Barclays is leading the way.
Shares fall in banking giant Barclays after it announces a larger than expected cash call, in which it will seek £5.8bn from its investors.
A story of business success at a car components plant in the Midlands – as George Osborne hails a revovery and says he is determined to stick to his economic plan.
As the economy grows for the second quarter in a row, Chancellor George Osborne tells Channel 4 News that Britain has “held its nerve” but there is “a long way to go”.
The new Governor was in his element at the early unveiling of the concept for the Jane Austen £10 note. I quoted back the Austenism to be used on the note at Governor Carney: “I declare after all there’s no enjoyment like reading!”, asking if it applied to the MPC minutes, “for a very sad group of people that is true,” he told me.
After a three month campaign to keep women on Britain’s banknotes, the Bank of England says Jane Austen will be the face of the next £10 notes – and its selection process is under review.
As Mark Carney starts his new job as Bank of England governor – will he push for extra stimulus to boost the economy – or allow himself to be outvoted?