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04.07.25 - 16:48
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Rachel Reeves needs wider headroom against fiscal rules, ex-Bank of England deputy says (The Guardian)
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Charlie Bean says slim margin of £10bn means chancellor 'has to neurotically fine-tune taxes to control OBR forecast'Business live – latest updatesThe former Bank of England deputy governor Charlie Bean has urged Rachel Reeves to create much wider headroom against her fiscal rules – a decision likely to require significant tax rises or spending cuts.Bean suggested that the current slim margin of less than £10bn, had led the chancellor to “fine-tune” the government's tax and spending plans to meet the Office for Budget Responsibility's (OBR) forecasts five years ahead. Continue reading......
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02.07.25 - 13:12
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BOE′s Taylor Calls for Three More Rate Cuts in 2025 (Bloomberg)
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Bank of England Monetary Policy Committee External Member Alan Taylor discusses the state of the UK economy, his worries about inflation, and says there is not a set path for interest rates or quantitative tightening. He speaks with Francine Lacqua on the sidelines of the ECB Forum on Central Banking in Sintra, Portugal....
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01.07.25 - 11:18
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BOE Governor Bailey Hints at Slowing Pace of QT Bond Sales (Bloomberg)
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The Bank of England is looking at the possibility of offloading fewer government bonds over the coming year than the current £100 billion ($138 billion) annual run-off rate amid questions about market demand for longer-dated government debt, Governor Andrew Bailey said....
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26.06.25 - 18:30
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Growing signs of slowdown in UK jobs market, says Bank of England governor (The Guardian)
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Andrew Bailey warns of 'significant decline in wage growth in year ahead' as Bank prepares for interest rates decisionBusiness live – latest updatesThere are growing signs that the UK jobs markets is slowing as employers respond to higher national insurance contributions (NICs) by cutting hiring and offering weaker pay rises, the governor of the Bank of England has warned.Andrew Bailey said the combined effect of lower employment and weaker wages growth would be considered by the Bank's nine-member monetary policy committee (MPC) when it next meets in August to set interest rates, which now stand at 4.25%. Continue reading......
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