The Latest Breaking News from Andrew Bailey

Bank of England to run stress tests on pension funds, insurers, and other lenders

More needs to be done to ensure that the non-bank financial sector does not pose a threat to the UK’s financial stability, Bank says

The Independent UK · Dec 13, 2022

Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns inflation is not the biggest threat to the economy – because ‘the slowdown is here’

The Guardian - UK · Dec 3, 2022

Sizewell C ‘confirmed’ again – this time it might be the real deal

Buying out China’s stake was inevitable but the government still has the onerous task of finding committed investors

The Guardian - UK · Nov 29, 2022

Bank of England governor praises companies raising pay for lowest paid

On a visit to the North of England, Andrew Bailey said that efforts to bring inflation under control were likely to last another 18 months

Birmingham Post · Nov 11, 2022

Jeremy Hunt plans £35bn spending cut amid recession warning OLD

Britain could be plunged into its longest recession since 1930s, Bank of England warned

The Independent UK · Nov 6, 2022

House prices: Should I sell my home before property values plunge?

Prices are set to drop by 10 per cent next near, some estate agents warn as Bank set to hike rate again

The Independent UK · Nov 4, 2022

UK ‘hours’ from potential financial meltdown after mini-budget, Bailey confirms

The Bank of England Governor said the Bank had to step in ‘quickly’ and ‘decisively’ to mitigate a ‘very real threat to financial stability’

Evening Standard · Nov 4, 2022

Qantas investors back Alan Joyce multi-million-dollar bonus, ASX gains after weak start

Qantas shareholders support big bonuses for executives including boss Alan Joyce, ASX regains lost ground, the Bank of England raises rates by the most in more than three decades.

ABC News · Nov 3, 2022

Bank of England warns of longest recession in 100 years as it raises rates to 3%

UK economy faces ‘very challenging outlook’ with recession now expected to last until middle of 2024

The Guardian - UK · Nov 3, 2022

BT is feeling the squeeze as inflation clouds its future

Telecoms company warns of job cuts as cost pressures and energy bills threaten its financial plans

The Guardian - UK · Nov 3, 2022