The Latest Breaking News from Jon Cunliffe

New frontier for payments could be created, Bank of England boss tells MPs

New technologies could make ‘micropayments’ easier or enable people to programme money so it can only be used in certain ways, Sir Jon Cunliffe said.

The Independent UK · Feb 28, 2023

Bank of England to run stress tests on pension funds, insurers, and other lenders

More needs to be done to ensure that the non-bank financial sector does not pose a threat to the UK’s financial stability, Bank says

The Independent UK · Dec 13, 2022

Bank of England officials were excluded from mini-budget discussions

Deputy governor Sir Jon Cunliffe says Bank did not have usual briefing the night before mini-budget

The Guardian - UK · Oct 19, 2022

Meltdown averted – but risk of repeat is obvious question Bank needs to answer

BoE has spelt out what was at stake when events last week turned extreme, though surely not unimaginable

The Guardian - UK · Oct 6, 2022

Bank confirms pension funds almost collapsed amid market meltdown

Official explains how promise to buy up to £65bn of government debt staved off destructive UK financial spiral

The Guardian - UK · Oct 6, 2022

How the Bank of England saved Liz Truss’s bacon

The stability of Britain’s entire financial system was on line after ‘Kami-Kwasi’ mini-budget

Evening Standard · Oct 6, 2022

Bank of England intervention prevented destructive ‘spiral’ after mini-Budget

Threat to pension funds could have triggered ‘widespread financial instability’

The Independent UK · Oct 6, 2022

Bank of England vows to get inflation back to 2%

Chief economist Huw Pill wants to make strategy plain to the public in hint of more interest rate rises

The Guardian - UK · Jul 6, 2022

Pound drops to lowest level since early days of pandemic as No 10 reels from crisis – as it happened

Euro hammered by recession fears and approaches parity against the dollar, while stock markets rally after Tuesday’s slump

The Guardian - UK · Jul 6, 2022

As we head back to the striking Seventies, blame inflation not the unions

“Although the Seventies remains a salutary lesson in what can happen, we should not talk ourselves into believing we are inevitably heading for a repeat performance.” So argued Jon Cunliffe, Deputy Governor of the Bank of England, back in April. I wonder if he’s having second thoughts. The number of…

Evening Standard · Jul 4, 2022