bank of england

Andrew Bailey Admits UK Was Hours Away From Total Financial Meltdown After Mini-Budget

"We had to step in quickly and we had to step in quite decisively," the governor of the Bank of England said.
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Interest Rates Have Gone Up – And These Graphs Show Just How Bad That Is

The Bank of England's latest statement is a big deal.
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What The Bank Of England's Historic Announcement Means For You

The Bank has just revealed the largest hike in interest rates for 33 years, predictions for a two-year recession and when inflation may fall.
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Top Economist Unpacks Exactly Why The UK Is Struggling So Much Right Now

Hint: It's not just the mini-budget, but that didn't really help...
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Jacob Rees-Mogg Thinks It's A Good Time To Trash Talk The Office For Budget Responsibility

Despite market turmoil, business secretary suggests chancellor Kwasi Kwarteng could ignore crucial economic forecasts.
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'Pretty Much Bollocks': A Journalist Shuts Down Government Excuse For Chaos

Gillian Tett gives a blunt assessment on whether the Bank of England is to blame for the turmoil, as Jacob Rees-Mogg has suggested.
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Pound Plunges As Bank Of England Boss Warns Pensions Bail-Out Has Three Days Left

Governor Andrew Bailey tells fund managers to balance their books by Friday: "You've got to get this done."
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Gilt Yields Just Went Down – Here's Why No.10 Will Be Relieved

It's the first small sign that the economy could be about to bounce back.
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Martin Lewis Calls For Mortgage 'Emergency Plan' To Defuse 'Ticking Timebomb'

MoneySavingExpert founder urges government and Bank of England to act now to avoid a full-blown bail-out later.
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Government Efforts Are Failing To Calm The Markets. Here's Why It Matters

Yields on long-dated gilts have risen back up since the Bank of England's intervention to prevent pension funds collapsing.
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