Bank of England

Wall Street pushes higher and FTSE closes in green as central banks hold interest rates

Wall Street pushes higher and FTSE closes in green as central banks hold interest rates

Business
Robert Johnson

FTSE and Wall Street higher as Fed, Bank of England and European Central Bank all kept rates unchanged. (Drew Angerer via Getty ...

Bank of England warns private credit poses threat to financial stability

Bank of England warns private credit poses threat to financial stability

Business
Robert Johnson

Sarah Breeden, the Bank’s deputy governor with responsibility for financial stability, said risky corporate lending “is a business model that has grown ...

Bank of England warns millions to see mortgage repayments soar by hundreds

Bank of England warns millions to see mortgage repayments soar by hundreds

Business
Robert Johnson

Almost five million UK homeowners are set to see their mortgage repayments surge by hundreds of pounds over the next three years, ...

Hunt’s room for tax cuts squeezed by £15bn-a-year losses on Bank of England bond sales

Hunt’s room for tax cuts squeezed by £15bn-a-year losses on Bank of England bond sales

Business
Robert Johnson

Sir John Redwood, who formerly headed Margaret Thatcher’s policy unit, urged the Bank to stop actively selling bonds. He said: “They’re making ...

Mortgage price war ramps up as Rishi Sunak prepares to claim inflation victory

Mortgage price war ramps up as Rishi Sunak prepares to claim inflation victory

Business
Robert Johnson

Halifax, which is part of Lloyds Banking Group, Britain’s biggest lender, said it was cutting its mortgage rates by up to 0.46 ...

We are finally about to get some good news on the economy

We are finally about to get some good news on the economy

Business
Robert Johnson

First, at the beginning of October the Ofgem price cap, which governs utility prices, was reduced by 7pc. This alone should reduce ...

Wall Street mixed as investors wait on Powell for clues, FTSE closes higher

Wall Street mixed as investors wait on Powell for clues, FTSE closes higher

Business
Robert Johnson

FTSE and Wall Street investors are waiting on Fed Chair Jerome Powell for more clues to US interest-rate strategy. Photo: Kevin Lamarque/Reuters ...

Bank of England’s Pill hints interest rates could fall before election

Bank of England’s Pill hints interest rates could fall before election

Business
Robert Johnson

A reduction in borrowing costs in the middle of next year would be a boost for Rishi Sunak, amid mounting speculation that ...