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09.12.25 - 20:12
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Bank of England expects budget will cut inflation by up to half a percentage point (The Guardian)
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In a boost for Rachel Reeves, deputy governor says analysis shows her policies will lower annual rate next year The Bank of England expects Rachel Reeves's budget will reduce the UK's headline inflation rate by as much as half a percentage point next year.In a boost for the chancellor after last month's high-stakes tax and spending statement, Clare Lombardelli, a deputy governor at the central bank, said its early analysis showed the policies would lower the annual inflation rate by 0.4 to 0.5 percentage points for a year from mid-2026. Continue reading......
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08.12.25 - 16:42
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Bank of England cutting jobs as part of overhaul after critical Bernanke review (The Guardian)
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Bank under budget pressures as it responds to former Fed chair's report into failure to forecast surging inflationBusiness live – latest updatesThe Bank of England has said it is cutting jobs amid sweeping changes at Threadneedle Street after a highly critical review into its failure to forecast surging inflation.Under budget pressures as it responded to the report from the former US Federal Reserve chair Ben Bernanke, the Bank has opened a voluntary scheme last week as part of an efficiency drive to find savings. Continue reading......
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