The Latest Breaking News from Andrew Bailey

Young bearing the brunt of UK tax and wage changes, says BoE economist

Huw Pill warns combined effect of national insurance and minimum wage rises have ‘acute’ effect on youth employment

The Guardian - UK · Feb 24

March interest rate cut is ‘genuinely open question’, says Andrew Bailey

The governor of the Bank of England said on Tuesday he will need to be confident he has seen ‘enough further evidence’ before backing another cut.

Evening Standard · Feb 24

How the FBI search warrant to raid the Georgia election office was based on debunked conspiracy theories

Affidavit backed by election deniers in the Trump administration fails to include key findings from investigations into 2020 results

The Independent UK · Feb 12

Why the Bank of England is holding rates despite a weakening economy

Rising unemployment and falling inflation made a strong case for a cut but Andrew Bailey opted to wait and see

The Guardian - UK · Feb 5

Interest rates held at 3.75% as Bank cuts UK growth outlook

The central bank said it was keeping rates unchanged to make sure that inflation stays around its target level of 2%.

Evening Standard · Feb 5

How inflation rebound is set to affect UK interest rates

Most economists expect rates to be left unchanged when the Bank’s Monetary Policy Committee (MPC) announces its next decision later this week

The Independent UK · Feb 1

Iran’s central bank using vast quantities of cryptocurrency championed by Farage, says report

Regime appears to have turned to digital currency issued by Tether in the face of sanctions

The Guardian - UK · Jan 21

Bank of England must ‘be very alert’ to Trump tensions, says governor

However, Andrew Bailey also highlighted that financial markets have been ‘more muted’ in response to Donald Trump’s Greenland threats than expected.

Evening Standard · Jan 20

Bank of England governor hits out at populism as Trump interferes in US Fed

Andrew Bailey says he and heads of other institutions have responsibility to ‘challenge back’ populist narratives

The Guardian - UK · Jan 16

Populism threatens the work of international agencies, Bank of England boss says

Andrew Bailey said the ‘rise of so-called populism makes the whole task harder’ for international agencies.

Evening Standard · Jan 16