'In the new world, pay.... may well have further to adjust'.
Raising UK interest rates soon simply isn’t cricket, the Bank of England’s chief economist has declared, in an intervention that swapped the spreadsheet for the Wisden almanac.
Inflation has slumped to its lowest rate for five years, hitting 1.2% in September and taking pressure off the Bank of England to raise interest rates in coming months.
House prices have fallen for the first time in 17 months, dropping by 0.2% in September and providing new evidence that the property market is cooling, according to the latest update from the UK’s biggest building society.
The Bank of England is to clamp down on insurance companies by subjecting their bosses to tougher scrutiny and forcing them to take steps to bolster their financial strength, Mark Carney has warned.
Fixing the price of gold, oil, and other financial products will become a criminal offence by the end of the year, the government announced on Thursday as it published a consultation on extending rules already introduced for Libor rigging.
Regular readers of Bank Return, the Bank of England’s weekly summary of its assets and liabilities, can probably be counted only in the dozens these days. But it was not always so.
To believe the reaction from some corners of the business world, you’d think economic ruin was certain if the minimum wage was increased to £8 an hour by 2020, as Labour leader Ed Miliband proposes.
April is the cruellest month, TS Eliot once wrote.
Inflation is expected to remain below the Bank of England's 2% target when official figures for August are published on Tuesday.
The Bank of England's governor, Mark Carney, has warned trade union members that they face higher interest rates next spring before they receive rises in real wages.
The global economy is divided at the moment into the good, the bad and the ugly. Two of the most populous nations can claim to be good.