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The Latest Breaking News from The Bank of England

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

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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

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

‘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.

Evening Standard

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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

The Guardian - UK

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.

Evening Standard

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.

The Conversation

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.

Evening Standard

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 Independent UK

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.

The Fashion Central

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.

Evening Standard

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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

The Independent UK

Inflation jumps to 10-month high, knocking chance of early interest rate cut

Consumer Prices Index (CPI) inflation rose to 3% in January from 2.5% in December.

Evening Standard

Why has inflation increased and what does it mean for households?

Inflation struck its highest level since March last year in January, according to official data.

Evening Standard

Sub-4% mortgage rates ‘may be first to go’ following unexpected inflation jump

Annual house price growth accelerated to 4.6% in December, but some experts said inflation figures released on Wednesday could affect mortgage rates.

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Evening Standard

Rachel Reeves accused of being 'out of her depth' as inflation jumps to three per cent

Stubborn inflation will make it harder for the Bank of England to cut rates

The Independent UK

UK inflation spikes to a 10-month high, likely to worry the Bank of England

Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England

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.

The Independent UK

Fact check: Rachel Reeves worked for the Bank of England over five years

During her stint with the Bank, Ms Reeves spent some time on secondment to the British Embassy in Washington.

Evening Standard

Private school fees and plane fares to drive increase in inflation

The rate of Consumer Prices Index (CPI) inflation is expected to have come in at 2.8%, according to a consensus of analysts.

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.

The Guardian - UK

Strong wage growth gives Bank of England interest rate dilemma

Quick cuts unlikely because persistently high pay rises will probably be deemed inflationary

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