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The Latest Breaking News from Andrew Bailey

Missouri activists seek more wrongful conviction hearings

As racial justice activists in Missouri celebrate the overturned conviction of Lamar Johnson, they’re questioning why other inmates with credible innocence claims aren’t getting the chance to make their cases in court

The Independent UK

‘Disaster’ is right: Brexit is a self-inflicted wound that cuts dangerously deep

Quitting the EU has stalled business investment, making us reliant on workers who are now scarce. Hence rising wages, high inflation and increased interest rates. Result? A looming recession

The Guardian - UK

Missouri officials investigate transgender youth clinic

Missouri officials are investigating whistleblower complaints that a transgender health center rushed children through gender-affirming care

The Independent UK

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UK avoids recession but 'not out of woods' over inflation

London (AFP) - Britain's economy has narrowly avoided recession, official data showed Friday, but finance minister Jeremy Hunt warned it was "not out of the woods yet" over surging inflation.

AFP

UK skirts recession with zero fourth-quarter growth

London (AFP) - Britain's economy avoided recession after flatlining in the last three months of 2022, but finance minister Jeremy Hunt warned Friday it was "not out of the woods yet" over surging inflation.

AFP

US stocks fall again as British pound advances

New York (AFP) - Wall Street stocks fell for a second session Thursday with analysts pointing to consolidation of earlier gains in 2023, while the British pound rallied as the Bank of England chief expressed worry over inflation.

AFP

UK interest rates are too high and may need cut – Bank of England’s Tenreyro

Policymaker highlights split in rate-setting committee, saying inflation is on track to fall

The Guardian - UK

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Inflation ‘guaranteed’ to fall in 2023 unless new global shock hits, says Andrew Bailey

The Bank of England’s governor told MPs he is ‘concerned’ about the continued persistence of inflation, but expects the rate to halve this year

Evening Standard

Watch: MPs question Bank of England’s Andrew Bailey on interest and inflation rates

Bank of England governor Andrew Bailey was questioned by MPs on rising interest and inflation rates.

The Independent UK

‘Britcoin’ digital currency could be in use by end of decade

Bank of England and Treasury weigh up issues involved with creating digital pound

The Guardian - UK

We’ve avoided recession for now, but the outlook is one of perma-gloom

December’s GDP was boosted by us all cranking up the heating. Actual economic growth has not looked so weak in decades

The Guardian - UK

New Bank of England interest rates rise impact on future mortgage payments and soaring inflation

The base rate increased from 3.5% to 4% to help bring double-digit inflation under control.

Daily Record

FTSE 100 hits all-time high after US jobs report beats forecasts – as it happened

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

The Guardian - UK

Will the interest rate rise trigger a stampede for tracker mortgages?

Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandary

The Guardian - UK

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The Independent UK

Digital pound has ‘risks but no obvious benefits’, says ex-Bank of England chief

Lord King of Lothbury stresses the need to be selective and ‘not driven by a misplaced enthusiasm for all things crypto’.

AFP

Bank of England hikes interest rate tenth time in row

London (AFP) - The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation.

The Independent UK

Bank of England raises interest rates again in 10th consecutive hike

Central bank Monetary Policy Committee announces another 0.5 per cent increase to base rate

Birmingham Post

Interest rates rise to 4% as Bank of England prepares for 'shallow' recession

Monetary Policy Committee says inflation may have peaked in the UK

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The Independent UK

20 attorneys general warn Walgreens, CVS over abortion pills

Attorneys general in 20 conservative-led states are warning CVS and Walgreens that they could face legal consequences if they sell abortion pills by mail in those states

Birmingham Post

Bank of England Governor in cryptocurrency warning

Andrew Bailey said people holding unbacked crypto could lose all their money while the BoE remains committed to cash

Evening Standard

Bank of England governor Andrew Bailey tips inflation to fall ‘quite rapidly’ in late spring

Andrew Bailey said lower energy prices will help drive down inflation in coming months

Wales Online

Inflation set to fall 'quite rapidly' in coming months as 'a corner has been turned'

The Governor of the Bank of England said it was likely due to energy pricing

Evening Standard

BofE Governor Bailey insists ‘corner has been turned’ on inflation

Central Bank chief hints that interest rates may peak at 4.5%

Birmingham Post

Bank of England Governor Andrew Bailey on inflation, interest rates and recession

Andrew Bailey has been on an official visit to South Wales

Daily Mirror

Inflation dips to 10.5% but remains close to 40-year high - what it means for your money

Consumer Prices Index (CPI) inflation fell to 10.5% in the 12 months to December - this is down from 10.7% in November and 11.1% in October when it hit a 41-year high

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