Category: Bank of England

Bank of England governor would have put off Farage meeting had £5m gift been under investigation

Exclusive: Andrew Bailey says he does not regret meeting Reform UK leader to discuss cryptocurrency regulationThe Bank of England governor has said he would have put off a controversial meeting with Nigel Farage last autumn had...

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Bank of England governor says he is ‘able to spot’ lobbying after Farage crypto meeting

Exclusive: Andrew Bailey says no policy changes were made as a result of pressure from crypto tycoon-backed Reform leaderUK politics live – latest updatesThe governor of the Bank of England has broken his silence about the...

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IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries...

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Farage trying to block ‘Britcoin’ plans that could be costly for billionaire donor

Reform UK leader used private meeting at Bank of England to urge governor to drop plans for state-run cryptocurrencyNigel Farage has been trying to block a Bank of England cryptocurrency plan that could be costly for the...

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Reeves seizes on surprise UK growth as evidence Labour leadership must stay

Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran warBusiness live – latest updatesAnalysis: Reeves says ‘if economy ain’t broke,...

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UK economy records surprise 0.3% growth in first month of the Iran war

GDP reading ties in with some surveys suggesting UK plc has kept up momentum despite rising fuel costsThe UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the...

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‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again

As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousA rise in borrowing costs and warnings to avoid a “Liz Truss...

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Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on...

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UK inflation held at 3% before global energy price hit from Iran war

February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflictThe UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global...

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UK interest rate cuts unlikely this year amid Iran war – and a rise could be ahead

Markets predict Bank of England will hold rates in 2026 as bond yields soar on forecasts of prolonged conflictIran war drives oil prices above $100 a barrelBusiness live – latest updatesUK interest rates are not expected...

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