Bank of England holds interest rates at 0.75% amid Brexit chaos

Bank warns of increasing risks for economy because of impasse over UK’s exit from EUThe Bank of England has warned that continuing Brexit uncertainty and the prospect of further delay until the summer is serving as a brake on the economy, as it left in…

Read more

Cost of Brexit to UK economy running at £40bn a year – Bank rate-setter

Gertjan Vlieghe’s estimate of weekly bill, £800m, is more than double battlebus ‘bonus’ The cost of Brexit to the British economy is running at £40bn a year and a damaging no-deal scenario could force an emergency cut in interest rates, according to a …

Read more

UK economy set for worst year since financial crisis, says Bank of England

Bank cuts growth forecast for 2019 as Brexit worries spread from companies to consumersThe Bank of England has warned the economy is on course for its weakest year since the global financial crisis, as evidence suggests Brexit jitters are spreading fro…

Read more

Treasury appoints two women to senior roles at Bank of England

Jayne-Anne Gadhia and Colette Bowe chosen after Bank took criticism for lack of diversityThe Treasury has appointed two women to senior roles at the Bank of England following criticism over a lack of diversity among its top ranks.Former Virgin Money ch…

Read more

Treasury urged to hire woman as Bank of England governor

Bosses must tackle gender imbalance when replacing Mark Carney, say MPsThe Treasury needs to work harder to find a woman to succeed Mark Carney as governor of the Bank of England, according to two of parliament’s most influential select committee chair…

Read more

Bank of England keeps interest rates on hold amid Brexit uncertainty

Consumer demand and business investment are likely to have suffered, says MPCGrowing worries over prospects for the world economy and the mounting fallout from Brexit uncertainty have pushed the Bank of England to keep interest rates on hold before Chr…

Read more

All eyes on the Bank’s response to the threat of a disorderly Brexit

A bloodbath prediction by Mark Carney would help the PM to get her withdrawal deal passed Mark Carney will give evidence to the Commons Treasury committee this week and even someone who struggles to know their John Maynard Keynes from their Milton Frie…

Read more

Bank may not cut interest rates in support of no-deal Brexit, says Carney

Monetary policy committee holds interest rates at 0.75%• Analysis: No rate rise but plenty of no-deal Brexit warningsThe Bank of England has warned that there is no guarantee it would cut interest rates to support growth and jobs under a disorderly Bre…

Read more