The Bank of England delayed introducing new rules for banks to avoid putting British firms at a competitive disadvantage to the U.S. where President Donald Trump has promised to cut back on regulation for business,
People can’t get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” one industry executive was quoted as saying.
The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.
The Bank of England governor has warned that government-backed proposals to water down limits on riskier mortgage lending could trigger more home repossessions and fail to help first-time buyers, even as he announced plans to review the policy.
The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.
The governor of the Bank of England, Andrew Bailey, has stated that significant decisions will be required to prevent the UK's public debt from escalating further. Bailey expressed his support for the government's initiatives to stimulate economic growth during his discussions with lawmakers on Wednesday.
London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there,
Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort
Bosses in the private sector expect a "significant fall" in activity over the next three months, according to a survey by the Confederation of British Industry (CBI).
The Bank of England on Tuesday appointed one of its senior advisers, Andrea Enria, to the Prudential Regulation Committee (PRC). The BoE's Prudential Regulatory Authority (PRA) supervises the soundness of Britain's largest lenders and insurers.
Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister fo
Andrew Bailey said it was right to have an “open public debate” about the balance between growth and regulation, while reaffirming that financial stability was a “foundation for growth”. Speaking to the Treasury Select Committee,