Scotland's First Minister will have face-to-face talks with the latest Bank of England governor for the first time
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Sunday 28 November 2010
Monday 15 November 2010
On Wednesday, Bank of England Governor Mervyn King forecast that inflation would remain above its 2% target until at least the end of 2011. Yesterday saw British Gas announce a 7% price hike. It all bodes ill for the Coalition. For now, each day still starts to headlines screaming about cuts. But come 2015, it’s unlikely that cuts will be the defining issue of the election. Instead, the framing will be closer to that of the 1980 Presidential campaign: “ask yourself: are you better off now than you were four years ago?", as Ronald Reagan put it to the American people.
Thursday 11 November 2010
Outlook In handing the Bank of England its independence in 1997, the then Labour Government effectively made a deal. It gave up its right to control the levers of monetary policy; the corollary of that surrender was that the Bank would leave fiscal policy to the elected government of the day.
Tuesday 09 November 2010
Tuesday 05 October 2010
Monday 27 September 2010
HSBC clearly doesn't appear have much regard for the work ethic of the City's banking analysts, or journalists for that matter. Concerned that its announcement of senior management changes, made quite late in the day on Friday, might be missed by those cutting off early for the weekend, it felt obliged to make an early announcement that a statement would be forthcoming. But even that didn't hit analysts' screens until 5.17pm, so the less committed may still have missed it.
Wednesday 15 September 2010
The Bank of England governor Mervyn King today described the huge banking bailout as "unfair" and appeared to sympathise with calls for multibillion-pound tax evasion to be tackled when he spoke to union activists.
Wednesday 18 August 2010
Outlook Yesterday's inflation figures are a reminder that it isn't just Mr Osborne's deficit reduction programme – lower spending and higher taxes – that threatens the recovery. Stubbornly high inflation – Bank of England Governor Mervyn King now says it will be too high for a year longer than he reckoned back in May – will mean a rise in interest rates sooner or later. And in the meantime, the retail price index, at 4.8 per cent, shows the cost of living is rising roughly four times as quickly as average salaries.
Tuesday 03 August 2010
Monday 02 August 2010
Outlook: It may – or may not, looking at recent events across the Channel – be too early to ask the question: "Who's in charge in a financial crisis?" But the Treasury's latest proposals on banking regulation do not in any event answer it very satisfactorily.
Thursday 22 July 2010
As growth stumbles and inflation remains stubbornly high, the Bank of England appears to have split three ways on how to solve the dilemma.
Thursday 08 July 2010
Amid signs that some Bank of England policymakers would like to start raising interest rates from the current 0.5 per cent, there have been calls for the Bank to keep policy relaxed when it announces its latest decision today.
Sunday 04 July 2010
All eyes will be on the Bank of England's Monetary Policy Committee (MPC) chaired by Mervyn King, the Governor of the Bank of England, on Thursday after recent signs that the members are divided on interest rates.
Monday 28 June 2010
You may not take much notice of them, but the Bank for International Settlements is the club of central bankers – the equivalents of Mervyn King round the world.
Wednesday 23 June 2010
Diving in at the deep end is no excuse for shirking the style stakes
Sustained immigration has not harmed Britons' employment, say government advisers
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7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
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