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The Latest Breaking News from Andrew Bailey

Why interest rates are likely to be cut after the Budget

The Bank of England opted to keep rates at 4 per cent in early November but next month will be a different proposition

The Independent UK

Fall in UK inflation looks like turning point that heralds interest rate cut

Rachel Reeves hints there will be budget measures to push down prices and Bank of England is likely to act

The Guardian - UK

December Rate Cut Looms as Jobless Rate Returns to COVID 19 Level

The UK's rising unemployment rate and stubborn inflation suggest the Bank of England may cut interest rates in December, amid economic uncertainty.

International Business Times UK

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AI Layoffs: US Market's Worst in 20 Years – Could the UK Be Next?

US tech layoffs hit a 20-year high, raising fears of a bubble bursting that could impact the UK economy. Experts warn of potential spillovers and market risks.

International Business Times UK

Stock markets drop amid jitters over US economy and tech valuations – business live

The Nasdaq is poised for its worst weekly performance since March.

The Guardian - UK

FTSE 100 slips amid Bank of England rate hold and fresh US falls

The FTSE 100 Index closed down 41.30 points at 9,735.78.

Evening Standard

Interest rates: Why did the Bank stick to 4% and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

Evening Standard

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Bank of England’s decision to keep interest rates at 4% is not all doom and gloom

Close-run vote raises hopes of rates cut in December, with inflation said to have peaked at 3.8%

The Guardian - UK

BoE keeps rates steady at 4% as economy shows signs of slowing

The UK's annual rate of consumer price inflation is standing at 3.8%, nearly double the bank’s 2% target.

Euronews

Bank of England says UK inflation has peaked after leaving rates at 4%; US job cuts jump as firms turn to AI – as it happened

Economists predict UK rate cuts in December, after narrow vote to hold Bank Rate at 4% today

The Guardian - UK

‘Shadow banking’ could lead us into an apocalypse like 2008

Alarm bells are ringing about the private credit market and ‘cockroaches’ in the system — the time to act is now, says Chris Blackhurst

Evening Standard

Bank of England must better address climate risk to tackle inflation, WWF says

The central bank is being urged to take a series of actions to better respond to environmental risks.

Evening Standard

Nigel Farage seeks influence over Bank of England in same vein as Trump and US Federal Reserve

Reform UK leader suggests he would replace Bank of England governor if he became prime minister

The Guardian - UK

Barclays can afford Tricolor loss but risks remain in the private credit market

Risky lending in an opaque, complex and leveraged part of the financial world is ringing alarm bells

The Guardian - UK

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The Independent UK

Flynn to raise ‘folly’ of Brexit with Bank governor

The SNP’s Westminster leader also called on Chancellor Rachel Reeves to enter talks with the EU to improve the Brexit deal.

The Guardian - AU

Morning Mail: US pushes for Aukus tweaks, environment reforms to target company profits, and how to keep pets cool

Prime minister addresses concerns about American comments on ‘ambiguity’ of pact; tips to protect animals as temperatures set to soar

The Independent UK

Bank should take concerns over private finance ‘very seriously’, says Bailey

The Governor of the central bank also confirmed that the Bank is planning to run a ‘stress test’ with private equity and credit firms.

The Independent UK

Brexit had bigger impact on UK economy than critics predicted, Rachel Reeves says

Brexit ‘needlessly’ added costs to UK businesses, Rachel Reeves said, arguing ministers are now ‘unashamedly rebuilding our relations with the European Union’

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The Guardian - UK

Bank of England chief warns of ‘worrying echoes’ of 2008 financial crisis

Andrew Bailey says a close look is needed at the private credit market after collapse of two big US firms

Evening Standard

Brexit impact on UK economy ‘negative for foreseeable future,’ Bailey says

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

The Independent UK

Brexit impact on UK economy will be negative for foreseeable future, Bailey warns

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

The Guardian - UK

UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Global financial system susceptible to shocks, Bailey warns G20

Andrew Bailey, chairman of the Financial Stability Board, the fiscal risk watchdog for the G20, urged greater multilateral co-operation.

Evening Standard

Bank governor says UK innovation needs ‘supportive’ investment environment

Andrew Bailey was speaking at a summit in Edinburgh on Monday.

The Guardian - UK

The rise of digital money poses significant challenges for regulators

Bank of England is at crossroads over the use of crytocurrencies and establishing a financial framework for transactions

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