Gary Gibbon
Mervyn King will weigh in on Scottish independence – but not yet
Bank of England Governor Mervyn King remains tight lipped over the prospect of becoming the lender of last resort to an independent Scotland.
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Gary Gibbon
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Faisal Islam
Mervyn King rails against ‘small elite’ of bonus-addicts
It is the Bank of England governor’s piercing assault on bankers that sticks in the mind from today’s important speech in Brighton. He doesnt quite join Occupy the City, but he does suggest that British capitalism’s very legitimacy is up for grabs if bankers go too far on pay.
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Faisal Islam
Taxpayer funding for mortgages: good news for whom?
On Monday, David Cameron will announce a significant housing scheme including some sort of mortgage indemnity scheme for new build homes. There are many many questions about such a well-intentioned scheme designed to help rebuild the broken lower rungs of Britain’s housing market.
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Faisal Islam
Big Squeeze ‘coming to an end’ says BoE governor
The poverty projections released by the IFS and the Joseph Rowntree Trust today are pretty shocking. They are well-covered elsewhere. I would point to two things. One in four children are set to be living in absolute poverty by 2020. The Coalition inherited about one in six children in absolute poverty. the Government’s target under…
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Faisal Islam
Credit easing is Osborne’s Plan B(oE)
Chancellor George Osborne’s announcement that he will use “credit easing” to get the British economy moving will involve risk of loss to the public purse, blogs Faisal Islam. But not yet.
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Faisal Islam
Rate rises and who controls Britain’s currency policy?
Interest rate: the benefit of hindsight reveal Mervyn King he was doing a Mourinho: lashing out at the external press conference in order to deflect attention from his unprecedented splits on his team.
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Faisal Islam
Five reasons for Merve’s Swerve: from backdoor devaluation to Committee dissent, to not having a clue
Our Economics Editor asks what was behind Mervyn King’s “Betty-both-ways” presentation of interest rate options at the Bank of England’s launch of its Inflation Report.
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Faisal Islam
Britain ‘the sick man of Europe’
Economics Editor Faisal Islam analyses the latest inflation figures and says an interest rate rise is likely in four or five months
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Faisal Islam
Mervyn King’s austerity assessment is music to the coalition’s ears
So the Bank of England has downgraded its central prognosis for UK growth by almost one percentage point in 2011 – from 3.4 per cent in May to about 2.5 per cent. And its central inflation forecast has nearly doubled for 2011 from 1.4 per cent to around 2.8 per cent. So both main gauges…
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Faisal Islam
Big bank profits – but problems remain on the horizon
Faisal Islam blogs on how the banks still face long-term funding problems, despite unveiling big profits this week.
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Faisal Islam
Regulatory developments as the Bank takes control
The Bank of England Governor tonight confirmed that Hector Sants, the chief executive of the Financial Services Authority, has been persuaded to stay in office. “I am absolutely delighted that Hector Sants has agreed to remain at the FSA and then move to the Bank to become the first chief executive of the new prudential…
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Faisal Islam
The Bank is now in charge
The Bank of England will tonight become the most powerful institution in Britain. To understand what is to happen at tonight’s Mansion House speech, you have to go back a year to last year’s Mansion House event. Then, with the recession and the financial crisis still raging, the Governor of the Bank of England and…
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Faisal Islam
Inflation alert leads to early debut of The ‘Oz’ and Mervyn show
The question is: at what point does temporary become more enduring? If VAT goes up again on 22 June, that will provide another boost to CPI inflation, writes economics editor Faisal Islam.
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Faisal Islam
Mervyn King’s view on ‘the new politics’
Faisal Islam blogs on Mervyn King’s comments about the new Conservative/Liberal Democrat government
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Faisal Islam
What to watch out for from the new government
On the first full day of the new Conservative-Liberal Democrat government, Faisal Islam blogs that this is a hugely important 24 hours for economic policy.