The Latest Breaking News from Huw Pill

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 · Nov 24, 2022

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 · Nov 23, 2022

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 Guardian - UK · Nov 8, 2022

'What criticism?': Tory MSP claims he never heard of IMF attack on UK tax cuts

THE Scottish Tories have backed the UK Government’s tax cuts despite an extraordinary intervention from the International Monetary Fund and the…

The National (Scotland) · Sep 28, 2022

IMF urges Kwasi Kwarteng to change course in extraordinary statement

THERE is international pressure on Chancellor Kwasi Kwarteng to change course following his mini budget announcement.

The National (Scotland) · Sep 28, 2022

Pound falls as Bank of England intervenes to calm markets

Sterling was trading at $1.073 on Wednesday afternoon, improving from $1.066 at 2pm

The Independent UK · Sep 28, 2022

Bank of England intervenes in bond market - as it happened

Bank’s emergency move brings relief to bond market, but fails to stabilise UK currency

The Guardian - UK · Sep 28, 2022

Mortgage costs face 30-year high of 6% as Bank of England issues stark warning

Huw Pill warned borrowers to brace themselves for a “significant” rate hike after lenders Santander and HSBC, along with the Nationwide and Yorkshire building societies, joined a rush of lenders to pull home loans or up their rates

Daily Mirror · Sep 28, 2022

International Monetary Fund makes extraordinary intervention as it urges Chancellor to change course

Kwasi Kwarteng has been urged to 're-evaluate the tax measures' outlined in last week's mini-budget

Wales Online · Sep 27, 2022

Speed and scale of events may force Bank to expedite next rate decision

Amid extraordinary market changes, the Bank of England seems unlikely to sit on its hands

The Guardian - UK · Sep 27, 2022