Watchdog launches formal investigation into claims David Cameron breached ‘anti-sleaze’ laws his own government introduced by ‘lobbying the Treasury to get stricken financial firm Greensill access to Covid loan schemes’ Former prime minister alleged to have lobbied Treasury on behalf of Greensill Said to have been part of efforts to increase firm’s access to Covid … Read more
Savers suffer worst year on record as rates plunge to 0.01% during Covid pandemic Money Mail analysis reveals that savers have forfeited an estimated £3.55billion in interest as a result of rates plummeting during the coronavirus pandemic Rates have tumbled from an average of 0.5 per cent to just 0.1 per cent rate By Fiona … Read more
UK economy is a ‘crouching-tiger’ on course for a ‘rapid-fire recovery’ after lockdown restrictions ease, Bank of England chief economist says as officials raise growth forecasts Andy Haldane, a famous optimist, delivered his upbeat verdict at a talk today Came as central bank forecasts suggested growth will pick up amid reopening Previously blasted doom-mongers, for … Read more
The Chancellor announced plans for ‘green growth’ in his Budget today – but they were criticised for being ‘way short’ of the action required to tackle climate change. Rishi Sunak heralded a new national infrastructure bank in Leeds with £12billion to finance a green industrial revolution and £15billion of new green gilts this year. There … Read more
Bank of England chief Andrew Bailey warns the EU against ‘serious escalation’ of post-Brexit row over City firms, warning that its attempts to force them to relocate in the eurozone would be of ‘dubious legality’ Andrew Bailey faced MPs on the Treasury Committee this afternoon Europe’s top banks asked to justify why they should be … Read more
Princess Eugenie is set to give newborn son middle name Stamp in honour of 19th century Governor of the Bank of England Princess Eugenie gave birth to baby boy on Tuesday at Portland Hospital The 30-year-old is yet to announce the name of the lad, 11th in line to the throne It has been suggested … Read more
The UK looks set to avoid a double-dip recession after it was announced today that the economy stayed in positive territory in the final quarter of 2020. GDP grew by 1 per cent in the fourth quarter, better than some experts had expected. There have been fears that another recession is looming, after the historic … Read more
Britain’s economy will bounce back like a ‘coiled spring’ once liberated from lockdown, a Bank of England boss says today. In an exclusive article for the Daily Mail, chief economist Andy Haldane insists the public are ‘desperate to get their lives back’. He believes a ‘decisive corner has been turned’ thanks to the Covid-19 vaccine … Read more
Bank of England governor launches broadside at EU as he warns the bloc is trying to cut the City of London out of its banking market Andrew Bailey warned the Eu that the UK will not become a ‘rule-taker’ nation Bank of England governor was speaking during annual speech to City of London UK granted … Read more
The Bank of England slashed its growth forecast for this year today but voiced hope that the rapid vaccine rollout will spark a strong recovery after June. In its latest Monetary Policy Committee report, the Bank reduced its estimate for economic growth for 2021 from 7.25 per cent to 5 per cent. It said an expected … Read more