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The Latest Breaking News from The Bank of England

Interest rates set to stay at 4.5% as Bank of England faces ‘fog of uncertainty’

The Bank’s Monetary Policy Committee has been gradually cutting borrowing costs since August last year.

Evening Standard

Rachel Reeves Braces for “Awful April” as Flat Growth and Soaring Debt Spark Economic Fears!

Rachel Reeves is facing growing pressure ahead of her Spring Statement, with economic experts warning of an "awful April" as the UK struggles.

The Fashion Central

Mark Carney: Canada's New PM Charted Unusual Path To Power

He was born near the Arctic, led the central banks of two major economies and has become Canada's prime minister despite never having served in parliament.

International Business Times

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Trump’s Global Trade War Hits the UK—Here’s How It Could Impact Your Wallet

Donald Trump launched a trade war yesterday, as the US President activated his 25 percent steel and aluminum tariffs.

The Fashion Central

What can Canada expect from its next PM? The Mark Carney I knew

In his seven years as Bank of England governor, Carney was charming and self-confident but had a volcanic temper

The Guardian - UK

Looking back at Mark Carney's Bank of England career as he takes over from Justin Trudeau

Mark Carney will take over at a tumultuous time in Canada, which is in the midst of a trade war with the US

Evening Standard

Mark Carney: Financier, banker, and Canada’s new premier

Also: Trump says tariffs “may go up,” Mark Cuban warns of recession.

Fortune

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Quick Facts About Mark Carney: Net Worth, Wife, Children And How Justin Trudeau's Successor Plans To Challenge Trump

Mark Carney, former Governor of the Bank of Canada and Bank of England, is now eyeing leadership of the Liberal Party of Canada.

International Business Times UK

Mark Carney Wins Vote To Replace Trudeau As Canada PM

Canada's Liberal Party overwhelmingly elected Mark Carney as the country's next prime minister Sunday, as the former central banker warned of "dark days" brought on by the United States under President Donald Trump.

International Business Times

Canada will never be part of America, Mark Carney says after winning PM race

Former Bank of England governor Mark Carney has won the race to succeed Justin Trudeau as Canada’s prime minister.

Evening Standard

Who is the man who will become the next prime minister of Canada?

Former central banker Mark Carney will become Canada’s next prime minister after he won Liberal Party leadership vote in a landslide

The Independent UK

Who is Mark Carney, Canada’s new Liberal leader and next prime minister?

Economist and ex-central banker takes over from Justin Trudeau in face of Trump tariff uncertainty, looming election.

Al Jazeera

Canada Liberal Party To Choose New Leader To Replace Trudeau As PM

Canada's Liberal Party names its next leader Sunday, with a former central banker and political novice favored to replace Prime Minister Justin Trudeau as the country confronts threats from US President Donald Trump.

International Business Times

Canada Liberals Vote To Replace Trudeau As PM

Canada's Liberal Party elects a new leader this weekend to replace Justin Trudeau as prime minister and take charge of confronting the threats posed by US President Donald Trump.

International Business Times

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The Independent 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

Evening Standard

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

‘Delicate balance’ for UK housing market as average property price dips by £213

Property values fell by 0.1 per cent on a monthly basis, Halifax said.

The Guardian - UK

European Central Bank cuts interest rates again, by quarter point – as it happened

Central bank lowers growth projections as it warns trade war fears are hurting Europe

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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 Conversation

How the UK’s rollback of banking regulations could risk another financial crisis

After the global financial crisis of 2007-08, the UK’s banking sector was placed under a much stricter regime. Bonuses were limited, regulations were beefed up and the whole industry scrutinised like never before.

Evening Standard

Households to suffer raft of bill increases from April as energy price cap rises

The Bank of England has forecast higher-than-expected inflation this summer due to rising bills.

The Independent UK

Inflation and interest rates predictions: What it means for your money in 2025

The Bank of England are not expected to cut rates again next month but what about for the rest of the year?

The Fashion Central

Watch The Week in Business: Inflation jumps and jobs slump – blame Reeves?

Rachel Reeves might be able to exaggerate her CV but there’s no massaging the state of the economy.

Evening Standard

FTSE 100 slides after higher inflation dampens rate cut hopes

The rise caused City traders to reduce their bets on interest rates being cut later this year by the Bank of England.

The Independent UK

What inflation surge means for your weekly shop - and why it has killed interest rate cut hopes

Coffee and cocoa are two of the most-impacted food materials

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