Andrew Bailey has begged workers not to ask for pay rises and companies not to increase prices. He’s living in a dream world.
UK Inflation below 10pc for first time in eight months
For the first time in eight months, inflation has decreased to single figures, indicating a slowdown in the escalating cost of living following the previous year’s energy predicament.
The Bank of England anticipates a reversal in inflation trends
The chief economist of the Bank of England, Huw Pill, has indicated that inflation, after reaching a crucial juncture, is expected to decline, signalling an end to the series of
The UK’s economy rebounds, contradicting the Bank of England’s previous erroneous predictions.
Contrary to the Bank of England’s predictions, the British economy displayed a stronger performance in the first quarter of the year.
Supermarket bosses have been summoned to the Treasury to explain surging food prices
Treasury officials have called supermarket executives to discuss the escalating food prices, following a warning from the Bank of England that these costs would continue to rise throughout the year.
BlackRock cautions about the overheating of the UK economy.
A leader at BlackRock, the world’s largest asset management firm, has suggested that the Bank of England should clarify the extent to which it is willing to impair the UK
Another interest rate increase is anticipated from the Bank of England
Inflation remains stubbornly high in the UK at 10.1pc, with the Bank of England expected to raise rates three more times this year to 5pc to bring it under control.
Bank of England likely to hike, all eyes on the BOE this Thursday
The Bank of England’s governor, Andrew Bailey, along with the Monetary Policy Committee (MPC) members, is expected to announce another interest rate hike this coming Thursday. There is ongoing debate
Lloyds Bank exceeded expectations with its profit for the first quarter.
Lloyds Banking Group PLC (LSE: LLOY) reported robust first-quarter results, surpassing expectations and recording a 46% increase in profit.
HSBC rules out banking crisis as profits triple, US$2bn buy-back
HSBC’s CEO has dismissed the idea of an impending banking crisis, attributing the collapse of four banks in six weeks to inadequate risk management rather than systemic issues. This comes
First Republic Bank Is Seized by US Regulators
Good morning, and happy May Day. As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.