The Latest Breaking News on Financial Services

Bank of England warns of ‘significant’ rate rises amid sterling turmoil

The Chancellor sought to reassure investors as the Bank of England’s chief economist said they could not ignore the fall in sterling

Evening Standard · Sep 27, 2022

Kwarteng’s tax cuts will force ‘significant’ interest rate rises by Bank of England

Chief economist says mini-budget will increase inflationary pressure in remarks likely to further spook mortgage borrowers

The Guardian - UK · Sep 27, 2022

Bank of England chief economist says pound slump will ‘require significant response’

Huw Pill said there had been ‘significant market consequences’ following the chancellor’s announcement of tax-cuts

The Independent UK · Sep 27, 2022

Bank of England’s wait-and-see approach unlikely to calm nerves

After a day of volatility, the Bank’s statement was a far cry from the cavalry arriving to help the battered pound

The Guardian - UK · Sep 26, 2022

Exclusive-Trump nominee Claver-Carone voted out at IDB, threatens legal action

The governors of the Inter-American Development Bank (IDB) on Monday voted to fire Mauricio Claver-Carone, the bank said, after an investigation showed that the only American president in the bank’s 62-year history had an intimate relationship with a subordinate.

Reuters · Sep 26, 2022

Gateshead niece who stole cash from shielding elderly uncle given one last chance to avoid jail

Linzi Elder, of Gateshead, has breached her suspended sentence order for fleecing her relative three times by failing to attend appointments

Chronicle Live · Sep 26, 2022

Pound comes under new pressure after Bank of England fails to raise rates

Central bank stops short of emergency rate hike and instead says it will make full assessment in November

The Guardian - UK · Sep 26, 2022

Bank of England 'won't hesitate' to change interest rates after pound plummets

Andrew Bailey, the Governor of the Bank of England, has said there will be no hesitation to change the interest rates "by as much as needed" to get inflation under control after the pound hit a record low

Daily Mirror · Sep 26, 2022

Lloyds warns British Gas customers about email scam

Energy customers warned about hoax to get payment details

Evening Standard · Sep 26, 2022

What could the Bank of England do after pound plummets to record low?

Analysts want Bank of England to increase interest rates to ‘restore credibility’ to UK economy

The Independent UK · Sep 26, 2022