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The Latest Breaking News from Andrew Bailey

Spring Statement: Rachel Reeves needs AI to 'move needle' on economic growth, says Bank of England governor

The UK’s economy has been flatlining

Evening Standard

Reeves to put £2bn into affordable housing to ‘sweeten the pill’ of cuts

Chancellor will announce plans to fund 18,000 social homes before fraught spring statement on Wednesday

The Guardian - UK

Bank of England governor calls for co-operation amid tariff war

Andrew Bailey was speaking after the Bank voted to hold interest rates last week while policymakers assess the impact of US trade tariffs.

Evening Standard

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Bank of England keeps benchmark interest rate stable at 4.5%

The central bank's decision comes amid rising uncertainty over the UK's economic growth, especially as US tariff threats loom.

Euronews

BoE Warns On 'Economic Uncertainty' As Rate Held

The Bank of England kept its key interest rate at 4.5 percent Thursday, as it warned of "a lot of economic uncertainty" caused largely by US President Donald Trump's tariffs.

International Business Times

Bombshells and revelations: how the Jes Staley evidence unfolded

Ex-Barclays CEO’s admission that he had sex with Jeffrey Epstein employee is among details to emerge in court

The Guardian - UK

Trump’s fresh steel tariffs threaten UK growth hopes, warn business groups

Experts warned against ‘the siren calls of protectionism’ amid fears the latest trade war escalation could derail economic growth.

Evening Standard

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Missouri plans to seize assets to make China pay a $24.5 billion judgment, but can it collect?

Missouri’s attorney general is threatening to seize Chinese assets across the U.S. to collect $24.5 billion awarded in a lawsuit against China stemming from the COVID-19 pandemic

The Independent UK

Barclays chair did not ask Staley if he was in touch with Epstein before ruling it out to FCA, court hears

Nigel Higgins agrees with lawyer that some of Staley’s ‘affectionate’ emails might seem ‘odd to an Englishman’

The Guardian - UK

Biden accused of using autosignature on official White House documents

Presidents, including Donald Trump, have been using automatic signatures to sign documents since the Obama administration

The Independent UK

Andrew Bailey was accused by Barclays chair of having ‘destroyed’ Jes Staley, court hears

Nigel Higgins asked if FCA would drop investigation into Staley’s relationship with Epstein if CEO quit

The Guardian - UK

Ex-Barclays boss had ‘close relationship’ with paedophile Jeffrey Epstein, according to Bank of England governor

The governor of the Bank of England Andrew Bailey gave evidence about Jes Staley’s relationship with Epstein

The Independent UK

Bank of England head had ‘clear impression’ that Staley was ‘close’ to Epstein

Andrew Bailey, who was chief executive of the Financial Conduct Authority from 2016 to 2020, appeared at the Upper Tribunal in London on Friday.

Evening Standard

Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank

Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies

The Guardian - UK

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Evening Standard

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs

Governor Andrew Bailey cautioned over the ‘major shift’ going on in the US after President Trump imposed trade tariffs on various countries.

The Independent UK

Trump’s tariff plans will hit UK economy, top economists warn

The chancellor is plotting billions of pounds of spending cuts as economists warn Donald Trump’s tariffs will throw her growth plans into a spin

The Guardian - UK

Starmer highlights UK’s war record in implicit rebuke to Vance as Lib Dems mock Badenoch for defending him – as it happened

Interventions follow US vice president’s comments about ‘20,000 troops from some random country that has not fought a war in 40 years’

Evening Standard

Bank of England policymaker warns of rising inflation risk

Deputy governor Dave Ramsden pointed to ‘increased uncertainty’ in the UK economy in a speech on Friday, amid higher-than-expected price rises.

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The Guardian - UK

Bank of England faces bumpier road after inflation accelerates

Tough route also awaits Rachel Reeves as households reel from sharp increase in living costs

Top News

U.S. Appeals Court Blocks Biden's Student Loan Forgiveness Plan

The U.S. 8th Circuit Court of Appeals rejects Biden's 0 million student loan forgiveness plan, impacting future loan forgiveness initiatives.

Evening Standard

FTSE 100 treads water after Andrew Bailey’s ‘weak growth’ warning for UK

The Bank of England governor also cautioned over the impact of ‘global fragmentation’ on the world economy as markets were broadly flat.

Evening Standard

Bank of England chief says UK facing ‘weak growth environment’

Andrew Bailey said the world was experiencing a period of ‘heightened uncertainty’ which could have an impact on global growth.

Latin Times

Missouri Attorney General Sues Starbucks for DEI Policy, Claims It Raises Prices and Slows Service

The state of Missouri has sued Starbucks due to allegations that the coffeehouse chain's anti-discrimination policies and other policies relating to diversity, equity and inclusion (DEI) have negatively impacted service and slowed down coffee orders

International Business Times

Missouri Sues Starbucks Claiming DEI Program Caused People To Wait Longer For Coffee

The lawsuit against Starbucks claims race-and-sex-based hiring practices, unlawfully "segregated" employees and violated anti-discrimination laws.

The Independent UK

Bank of England rate setter calls for caution amid rising inflation

Megan Greene said it is unlikely inflation persistence will ‘fade on its own accord’, and said policymakers should be cautious with rate cuts.

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