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The Latest Breaking News from Andrew Bailey

Failure to grasp UK inflation drivers will continue to keep prices high

Energy prices have fallen, and farming and manufacturing costs have eased, so why are food prices still accelerating?

The Guardian - UK

UK interest rates forecast to jump above 5% this year after higher-than-expected inflation – as it happened

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

The Guardian - UK

Wednesday briefing: Why the UK’s inflation rate just came down to 8.7%

In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for you

The Guardian - UK

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Bank of England says inflation has ‘turned corner’ despite soaring food prices

Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors

The Guardian - UK

Bank of England admits it made errors in UK inflation forecasts

Governor Andrew Bailey insisted inflation has ‘turned the corner’, ahead of official figures on Wednesday.

The Independent UK

OPINION - The arrogant Bank of England has made our inflation crisis worse

It is, perhaps, the nearest we’ve got so far to an admission from the Bank of England that things haven’t gone entirely to plan. Andrew Bailey, the Bank’s Governor, acknowledged last week that “some of the strength in core inflation…reflects second-round effects... And as headline inflation falls, these second-round effects…

Evening Standard

Missouri governor to announce his pick as new St. Louis prosecutor after Kim Gardner resignation

Republican Missouri Gov. Mike Parson on Friday will announce his pick to serve out the remainder of Kim Gardner’s term as the chief prosecutor in St. Louis, following her sudden departure earlier this week

The Independent UK

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Stop raising interest rates, Jeremy Hunt’s adviser tells Bank of England

‘We can afford to take more time to get inflation back down,’ says Andy Haldane

The Independent UK

Bank of England chiefs ambushed over rocketing inflation and interest rate hikes

The Commons Treasury Select Committee held a rare sitting outside Parliament - and went to Threadneedle Street in the heart of the City of London to tackle the Governor and his deputies

Daily Mirror

Here are the restrictions on transgender people that are moving forward in US states

Hundreds of measures targeting transgender people have been proposed in statehouses this year, and several have moved forward this week

The Independent UK

Rishi Sunak’s upbeat view on economy stokes claims he is out of touch

On flight to Japan for G7, PM says ‘economic optimism is increasing’ and insists Brexit is working

The Guardian - UK

Bank of England governor Andrew Bailey: We couldn’t have pre-empted inflation crisis

Bailey said the only way to have prevented soaring inflation would have been to hike rates “well into double-digits” at the height of the pandemic

Evening Standard

Watch live: Jeremy Hunt and Andrew Bailey speak at British Chambers of Commerce conference

Watch live as Jeremy Hunt and Andrew Bailey speak at the British Chambers of Commerce in Westminster on Wednesday, 17 May.

The Independent UK

Missouri terminates emergency rule to limit trans care for minors, some adults

Missouri officials terminated the Republican attorney general’s emergency rule that would have placed limits on transgender care for minors and some adults

The Independent UK

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Fortune

The U.K. economist who told Brits to 'accept' being poorer apologizes—kind of

A top U.K. economist ruffled feathers with tactless remarks last month about inflation's primary cause.

The Independent UK

Kim Gardner steps down as St. Louis' elected prosecutor 2 weeks sooner than planned

Embattled St. Louis Circuit Attorney Kim Gardner, who had announced she would resign effective June 1, says she is leaving office immediately

The Independent UK

St. Louis prosecutor seeks to free man imprisoned 33 years for murder, citing evidence of innocence

St. Louis’ top prosecutor has asked a court to set aside the conviction of a man who has spent 33 years in prison for a killing he says he didn’t commit, after witnesses who testified against him later said authorities had pressured them to lie

The Independent UK

Food prices set to come back down soon, supermarket chiefs promise

Retail bosses under pressure as food inflation proves more ‘sticky’ than expected

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news in one place.

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Manchester Evening News

Bank of England boss warns of more financial pain to come after yet another interest rate rise

Homeowners were warned things could get even worse as Andrew Bailey could not rule out further rises in a bid to bring down rampant inflation

Daily Mirror

Bank boss warns financial misery is not over yet after another interest rate hike

Homeowners were warned things could get even worse as Andrew Bailey could not rule out further rises in a bid to bring down rampant inflation

Daily Mirror

Bank of England boss answers YOUR questions as interest rate is raised again

Andrew Bailey answers a series of questions as readers face an uncertain future amid financial turmoil

The Independent UK

Millions face mortgage pain as Bank of England raises interest rate to tackle ‘stubbornly high’ inflation

UK to avoid recession, forecast finds – as economists warn Bank may have gone too far in raising rate

The Independent UK

Ban on trans health care for kids heads to Missouri governor

Transgender minors won't have access to puberty blockers, hormones or surgery under legislation passed in Missouri

Evening Standard

Bank of England interest rate hikes: Is this the week they peak?

All eyes on Threadneedle Street at noon on Thursday as thousands of mortgages and loans track the base rate

Salon

MO GOP bill: Murder charges for abortion

The bill does not explicitly mention whether it would criminalize out-of-state travel for abortion care

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