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Sun, 26 March 2023

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Articles tagged with: Bank of England
Partner content
Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 4.25%
Commenting on the increase in the Bank Rate from 4.0% to 4.25%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
Top Stories: Boris Johnson To Publish Defence Ahead Of Partygate Probe, Met Police Could Be Broken Up
Political parties
Top Stories: Boris Johnson To Publish Defence Ahead Of Partygate Probe, Met Police Could Be Broken Up
Boris Johnson’s lawyers will publish a dossier of evidence on Monday to argue he did not knowingly mislead Parliament over ‘partygate’, ahead of Wednesday’s privileges committee, which will question him on the matter.
Treasury Made Early Hours Scramble To Avert Tech Crisis With Silicon Valley Bank Deal
Economy
Treasury Made Early Hours Scramble To Avert Tech Crisis With Silicon Valley Bank Deal
It wasn't until the early hours of Monday morning that the government was able to get an emergency deal with HSBC over the line to rescue UK branch of the collapsed US-based Silicon Valley Bank (SVB).
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Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 3.5%
Commenting on the increase in the Bank Rate from 3.00% to 3.5%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
Mortgages To Rise By £3,000 A Year, Government Says “Tide Is Turning” Against Unions, No 10 Accused Of Blocking Strikes Deal
Economy
Mortgages To Rise By £3,000 A Year, Government Says “Tide Is Turning” Against Unions, No 10 Accused Of Blocking Strikes Deal
Around four million households on fixed-rate mortgages could see their payments increase by £3,000 across 2023, the Bank of England has warned.
Government Says Record-Breaking Interest Rate Hike Will Tackle “Enemy” Of Inflation
Economy
Government Says Record-Breaking Interest Rate Hike Will Tackle “Enemy” Of Inflation
Chancellor Jeremy Hunt has said “inflation is the enemy” as he responded to the Bank of England’s record-breaking increase in the base interest rate.
Leading Economists Insist Government Financial Plans Worsened Economic Chaos
Economy
Leading Economists Insist Government Financial Plans Worsened Economic Chaos
Several leading economists have told MPs they believe there is "absolutely a UK component" to the current market chaos after ministers blamed global financial pressures rather than their controversial "mini-budget".
Bank Of England Warns Of 'Material Risk To UK Financial Stability”, But Government Insists Pensions Are Safe
Economy
Bank Of England Warns Of "Material Risk To UK Financial Stability”, But Government Insists Pensions Are Safe
Deputy Prime Minister Thérèse Coffey has insisted people’s pensions are safe despite the Bank of England warning this morning of a "material risk to UK financial stability”.
The government must restore economic confidence as the markets spin out of control
Economy
By Baroness Altmann
The government must restore economic confidence as the markets spin out of control
Yesterday’s extraordinary intervention by the Bank of England in the United Kingdom government bond market is a clear U-turn.
Boosting economic growth is a worthy idea – but the Chancellor’s plan was always ill-fated
Economy
By Mark Garnier MP
Boosting economic growth is a worthy idea – but the Chancellor’s plan was always ill-fated
There’s no doubt about it. Just three weeks into Liz Truss’s new premiership, she and her Chancellor are certainly hogging the headlines.
Opposition Parties Say Parliament Must Be Recalled After Major Central Bank Intervention
Economy
Opposition Parties Say Parliament Must Be Recalled After Major Central Bank Intervention
MPs should be recalled to Parliament to discuss sliding markets, opposition parties have said, after the Bank of England warned of a “material risk to UK financial stability”.
Bank of England Warns Of 'Risk To UK Financial Stability' In Drastic Intervention
Economy
Bank of England Warns Of "Risk To UK Financial Stability" In Drastic Intervention
The Bank of England has taken the drastic step of buying government debt to stabilise the market after the Liz Truss and Kwasi Kwarteng's “mini budget” triggered a sharp fall in the pound.
Rachel Reeves Pitches Labour As Party Of Economic 'Responsibility' As Government Faces Pound Crisis
Economy
Rachel Reeves Pitches Labour As Party Of Economic "Responsibility" As Government Faces Pound Crisis
Shadow Chancellor Rachel Reeves has pitched Labour as the “party of economic responsibility” against a backdrop of fiscal chaos as the pound continued to collapse in the wake of Kwasi Kwarteng's sweeping tax cuts.

Partner content
Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 2.25%
Commenting on the increase in the Bank Rate from 1.75% to 2.25%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
Partner content
Economy
By Building Societies Association
BSA comments on the speech by Dame Colette Bowe, Bank of England
Commenting on the speech by Dame Colette Bowe at the BSA’s 2nd Research Workshop on the Future of Financial Mutuals at Bayes Business School, Robin Fieth, CEO of the BSA, said:
Business Secretary Says UK Needs A 'Looser Fiscal Approach' To Tackle Soaring Inflation
Economy
Business Secretary Says UK Needs A "Looser Fiscal Approach" To Tackle Soaring Inflation
Kwasi Kwarteng has said putting up taxes “isn’t going to help people” and that the UK needs a “looser fiscal approach” to tackling rising inflation.
Partner content
Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 1.75%
Commenting on the increase in the bank Rate from 1.25% to 1.75%, Robin Fieth, Chief Executive at the BSA said:
Energy Regulator Admits Rising Costs “Don’t Feel Fair” To Bill-Payers
Economy
Energy Regulator Admits Rising Costs “Don’t Feel Fair” To Bill-Payers
The chief executive of energy regulator Ofgem has said he recognises soaring energy costs “don’t feel fair” following the confirmation that the price cap on prices will be adjusted more frequently.
Partner content
Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 1.25%
Commenting on the increase in the bank Rate from 1.0% to 1.25%, Paul Broadhead, Head of Mortgage and Housing Policy at the BSA said:
The government’s focus must be to bring inflation down
Economy
By Mel Stride MP
The government’s focus must be to bring inflation down
In the 12 months to April, inflation has risen from two to nine per cent, the highest increase on record, with further rises forecast by the Bank of England by the end of the year.
Partner content
Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 1%
Commenting on the increase in the bank Rate from 0.75% to 1.00%, Paul Broadhead, Head of Mortgage and Housing Policy at the BSA said:
Partner content
Economy
By Building Societies Association
Building Societies Association Chief Executive talks about being ready for the opportunities and challenges that lie ahead
On the second day of the Building Societies Annual Conference in Liverpool (5 May 2022), BSA Chief Executive, Robin Fieth, spoke about important themes for the strategic agendas of BSA member boards.
Partner content
Economy
BSA comments on the increase in the Bank Rate to 0.75%
Commenting on the increase in the Bank Rate from 0.50% to 0.75%, Paul Broadhead, Head of Mortgage and Housing Policy at the BSA said:
Partner content
Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 0.50%
Commenting on the increase in the Bank Rate from 0.25% to 0.50%, Paul Broadhead, Head of Mortgage and Housing Policy at the BSA said: