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The Latest Breaking News from Andrew Bailey

Bank of England boss must go if he doesn’t change course, says senior Tory

‘Maybe it’s time to look for someone else who’s got a better plan’, says Jake Berry

The Independent UK

Pay rises for fat cat bosses blamed for inflation amid 'scapegoating' of workers fury

The salaries of the top 10% has outstripped the rest of the workforce - but the Bank of England has sparked anger by appearing to blame wage demands from low and mid earners and the Government may overrule public service pay bodies

Daily Mirror

Union fury as figures show pay rises among top earners driving inflation

The best paid have had the highest wage hikes, but the majority of the workforce has seen salary growth fall, according to ONS data

The Guardian - UK

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Jeremy Hunt’s mortgages deal dismissed as ‘sticking plaster’ as Sunak urged to offer subsidies

Government told to offer direct support to homeowners – as chancellor’s agreement with banks dismissed as a ‘water pistol to put out a fire’

The Independent UK

Rishi Sunak forced to acknowledge control of inflation lies with Bank of England

Chancellor agrees ‘mortgage charter’ to help borrowers but Labour says intervention is ‘weak’

The Guardian - UK

Mortgages - live: Hunt unveils new help for homeowners after crunch meeting with banks

Lenders agree borrowers will have more flexibility without credit score being affected, chancellor says

The Independent UK

‘Shock and awe’ interest rate rise leaves Sunak’s cost of living pledge in tatters

Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to intervene

The Guardian - UK

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Who hires (and fires) the Bank of England governor?

PM says he still backs Andrew Bailey despite criticism he has failed to take the right measures to curb inflation

The Guardian - UK

Interest rates blame game erupts between Tories and Bank of England, as recession warnings grow

Bank governor Andrew Bailey fights for future – and blames company bosses for fuelling inflation with pay rises

The Independent UK

Bank of England delivers big rate hike

LONDON: The Bank of England (BoE) rattled markets by raising interest rates by half a percentage point — twice the amount expected — on Thursday, after it said there had been “significant” news suggesting British inflation would take longer to fall.

Bangkok Post

Bank of England faces flak as economic history fails to repeat itself

Critics say Bank should pay less attention to economic models and more to what is happening on the ground

The Guardian - UK

Bank of England raises interest rates to 5% amid mortgage crisis

Bank of England governor Andrew Bailey warns further rises likely if inflation remains high as critics accuse him of being ‘asleep at the wheel’ in bid to curb spiralling prices

The Independent UK

Bank of England raises interest rates by a half point to 5%

Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflation

The Guardian - UK

Trigger recession to tame inflation, say economists – as Bank set to hike interest rates

‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession

The Independent UK

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Tribune News Service

Judge rules Missouri AG Bailey had no authority to inflate cost of abortion rights ballot measure

COLUMBIA, Mo. — A Cole County judge on Tuesday ruled that Missouri Attorney General Andrew Bailey had no authority to inflate the estimated cost of a ballot measure to restore abortion rights.

The Independent UK

Missouri judge orders end to GOP officials' standoff over proposed abortion rights ballot measure

A constitutional amendment to restore abortion rights in Missouri will move forward after a judge broke a standoff between two Republican officials that had halted the process

The Guardian - UK

Millions are facing soaring mortgage rates. How did we leave them so vulnerable?

Homeowners in Britain are especially at risk because of a shortage of long-term loans. The sooner the Bank of England acts to fix this the better

Tribune News Service

Is EV charging the new hot amenity for apartments and offices?

Real estate is ready to get plugged into the electric vehicle revolution.

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The Guardian - UK

The Guardian view on Rishi Sunak’s economics: recession is an acceptable price to pay

Editorial: Growing the economy by shrinking it first is a high-risk political strategy

Evening Standard

Attacks on Andrew Bailey are understandable, but a little unfair

City Comment: The Bank of England governor has got a near impossible job

The Guardian - UK

Pound hits one-year high as more interest rate hikes loom; UK grows in April; WE Soda cancels London float – as it happened

UK economy has bounced back from March’s contraction, but experts fear rising interest rates will cause recession

Tribune News Service

Prosecutor urges Missouri governor not to pardon KC cop convicted of killing Black man

Jackson County Prosecutor Jean Peters Baker on Tuesday made public a letter urging Missouri Gov. Mike Parson not to pardon a former Kansas City police detective who was convicted of killing a Black man.

The Independent UK

Watch : Andrew Bailey questioned on Bank of England independence by House of Lords committee

Watch as Bank of England governor Andrew Bailey appears before the House of Lords Economic Affairs Committee as part of an inquiry into central bank independence on Tuesday, 13 June.

The Independent UK

Federal appeals court halts EPA effort to impose air pollution plan in Missouri

A federal appeals court has put on hold an Environmental Protection Agency regulation aimed at reducing air pollution in Missouri, drawing criticism from environmentalists but praise from the state’s attorney general who called the proposal “unconstitutional overreach.”

Evening Standard

The sorry state of the Bank of England’s battle with price hikes

City comment: At least the Bank’s old approach was consistent

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