Bank of England

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A woman with a Union Jack umbrella braves the British weather.

‘Keep Calm and Carry On’ has turned into accept ‘we’re all worse off’ for Brits—and they’re furious

By
April 26, 2023
The chief economist for the Bank of England tells British people to ‘accept that they’re worse off’ with inflation and warns them to stop driving prices up
Finance

The chief economist for the Bank of England tells British people to ‘accept that they’re worse off’ with inflation and warns them to stop driving prices up

By Tom Rees and Bloomberg
April 25, 2023
Piles of U.S. dollars are pictured.
Finance

Central banks around the world have said they’ll boost the flow of U.S. dollars into the global financial system. Here’s why

By
March 20, 2023
London rental crisis

Tenants offering 12 months rent in advance, 50% bids above asking price, paying deposits on-site to secure a flat: Welcome to London’s rental crisis

By
October 8, 2022
Mohamed El-Erian, former chief executive officer of Pacific Investment Management Co. (PIMCO), speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, Sept. 7, 2016.
Finance

A U.K. recession is now ‘inevitable’ and the only question is its ‘depth and duration,’ top economist Mohamed El-Erian says

By
September 28, 2022
London property price crash

The U.K. is facing a property crash as the popularity of 2- to 5-year fixed mortgages means millions may soon not be able to afford their monthly payments

By
September 28, 2022
Ray Dalio says the U.K. is behaving like an emerging market as Bank of England steps in amid continued ‘Trussonomics’ markets chaos
Finance

Ray Dalio says the U.K. is behaving like an emerging market as Bank of England steps in amid continued ‘Trussonomics’ markets chaos

By
September 28, 2022
Falling pound
Finance

It’s the worst ever collapse of the pound but far from the first. Here’s a look back at the biggest sterling shocks, all the way back to 1971.

By
September 26, 2022
Liz Truss
Finance

Liz Truss’ economic plan from the 1970s sends the pound back to the 1980s—and piles pressure on the Bank of England

By Simon Kennedy, David Goodman and Bloomberg
September 25, 2022
Upper body shot of British economic historian Adam Tooze
Finance

A ‘classic moment of failed technocracy’ is rocketing us all towards a global recession, according to Adam Tooze, the internet’s favorite economic historian

By
September 23, 2022
Liz Truss will be so bad for the U.K., a former central bank official says, that it’s time to bring back George Soros’ classic and ‘short the pound’
Finance

Liz Truss will be so bad for the U.K., a former central bank official says, that it’s time to bring back George Soros’ classic and ‘short the pound’

By Reed Landberg and Bloomberg
September 21, 2022
The global economic outlook has ‘deteriorated materially’ and there’s more pain ahead, according to the Bank of England
Finance

The global economic outlook has ‘deteriorated materially’ and there’s more pain ahead, according to the Bank of England

By
July 5, 2022
Governor of the Bank of England Andrew Bailey
Finance

Bank of England chief says crypto has ‘no intrinsic value’ following collapse

By Oliver Knight and CoinDesk
June 13, 2022
Rishi Sunak
Tech

Boris Johnson defies his own regulators by jumping headfirst into Web3 and NFTs

By
April 5, 2022
Andrew Bailey
Finance

‘Opportunity for the downright criminal’: Bank of England’s governor says crypto is the new front line for scams

By
April 4, 2022

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