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The Latest Breaking News from Huw Pill

Brits 'need to accept' they are now poorer, says Bank of England economist

"We all have to take our share."

Manchester Evening News

Brits must accept they're poorer and stop demanding pay rises says Bank of England chief

Chief economist Huw Pill said there was a game of 'pass the parcel' taking place over the economic pain - and said workers asking for higher pay and firms putting up prices were fuelling inflation

Daily Mirror

Brits ‘need to accept they’re poorer’, says Bank of England economist

Bank of England chief economist Huw Pill sparks backlash as unions brand comments ‘absolutely outrageous’

Evening Standard

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Households should ‘accept’ being poorer, Bank of England’s top economist says

Huw Pill said workers asking for higher pay and shopkeepers putting up prices is ‘self-defeating’ as it fuels inflation

The Independent UK

Britons ‘need to accept’ they’re poorer, says Bank of England economist

Chief economist Huw Pill says workers and firms should stop trying to pass on rising costs by hiking prices or demanding better wages

The Guardian - UK

Bank’s chief economist says UK economy still set to contract this quarter

Huw Pill said the latest GDP figures are ‘somewhat disappointing’ despite being an improvement on previous forecasts.

The Independent UK

Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February

The Guardian - UK

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UK economy slightly stronger than expected, says BoE’s Pill; WH Smith hit by cyber attack – as it happened

Books-to-stationery retailer says a cyber security incident has resulted in illegal access to current and former employee data, though website and customer accounts are unaffected

The Guardian - UK

Watch: MPs question Bank of England’s Andrew Bailey on interest and inflation rates

Bank of England governor Andrew Bailey was questioned by MPs on rising interest and inflation rates.

The Independent UK

Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened

BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflation

The Guardian - UK

UK interest rates likely to rise again, says BoE’s Mann; UK housebuilding falls; FTSE 100 drops from record high – as it happened

The next step in Bank Rate is still more likely to be another hike than a cut or hold, says Bank of England policymaker Catherine Mann

The Guardian - UK

Bank of England must not push interest rates too high, its chief economist says

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

The Guardian - UK

Mortgage hammer blow of £5,000 a year for London homeowners

250,000 London households comings off fixed loan deals will bear the brunt of announced interest rate rises

Evening Standard

‘Reason to be optimistic:’ Bank chief offers hope on interest rate hikes

Interest rates are no longer expected to rise as high as feared this year, a Bank of England chief said on Friday.

Evening Standard

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The Guardian - UK

FTSE 100 hits all-time high after US jobs report beats forecasts – as it happened

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

The Guardian - UK

Bank of England warns high inflation could last longer than expected

Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recession

The Guardian - UK

Bank of England poised to raise borrowing costs to combat inflation

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

The Independent UK

Brexit has added more than £200 to UK household food bills, study finds

Leaving EU has cost Britons at least £5.8bn in higher food bills

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The Guardian - US

Federal Reserve to slow interest rate rises as it tackles 40-year inflation high

Jerome Powell warned there ‘was more ground to cover’ and rates would stay higher for an extended period

The Independent UK

Brexit partly to blame for high inflation, says Bank of England economist

Leaving EU ‘plays a part’ in wider economic woes, says Huw Pill

The Guardian - UK

Bulb Energy takeover by Octopus cleared; anger over HSBC branch closures; food inflation at record – as it happened

The UK’s sale of collapsed Bulb Energy to Octopus Energy will go ahead after it was approved by a London judge this afternoon

The Guardian - UK

Bank of England deputy governor could vote to cut interest rates if inflation pressures ease – as it happened

Sir Dave Ramsden expects to vote to keep raising borrowing costs, but sees potential for rate cuts if persistent inflation stops being a worry

The Guardian - UK

UK workforce exodus could force BoE to raise interest rates, says chief economist

Departure of more than 500,000 workers since Covid risks stoking inflation, says Huw Pill

The Guardian - UK

Bank of England will raise interest rates again, says chief economist

Huw Pill says there is ‘still more to do’ on tackling inflation despite risks of prolonged recession

The Independent UK

Bank of England’s chief economist warns of more interest rate rises to come

Huw Pill warns we ‘cannot declare victory’ yet against inflation

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