Bank of England rift as chief economist ponders interest rate rise
Andy Haldane reveals he seriously considered opposing governor Mark Carney in MPC vote earlier this month Andy Haldane says tightening monetary policy too late could result in steeper rate rises … Continue reading
Banks cracking down on lending after borrowing binge, survey finds (after borrowing someone’s binge you should always give it back)
Bank of England has voiced concern over rising consumer debt, including credit cards, car loans and second mortgages The Bank of England has warned over rising consumer debt fuelled by … Continue reading
Bank of England sounds new alarm over consumer credit binge
Minutes show Bank is growing concerned at mounting risk to lenders as consumers tap looser borrowing conditions The Bank is becoming wary at the ease with which consumers can access … Continue reading
UK’s borrowing binge is worrying the Bank of England
Larry Elliott Rising household debt could spook the nation again so it is right to keep an eye on cheap credit The Bank of England on Threadneedle Street, in the … Continue reading
Bank of England keeps UK interest rates on hold as it warns on inflation
Monetary policy committee is split 8-1 as members decide base rate of 0.25% is appropriate for post-referendum economy The Bank of England. The split in the MPC vote was the … Continue reading
‘The lull before the tsunami’: economists on the Brexit watch data
Two former members of the Bank of England interest rate-setting committee on what lies ahead for the UK after the EU referendum ‘The bad news already is prices are rising, … Continue reading
Inside the Bank of England
Since the crash, it has become more powerful than ever, but has the Bank got any better at spotting trouble? Larry Elliott and Jill Treanor are granted extraordinary access to … Continue reading
We mustn’t ban cash or inflate the pound
Andrew Haldane, the Bank of England’s chief economist, could hardly be any more wrong with his latest economic plan Money is already too loose – turning on the taps would … Continue reading
UK may have to cut interest rates, warns Bank of England chief economist
Andy Haldane suggests a rate cut may be more beneficial to economic growth, given signs that a third phase of the global financial crisis is looming The Bank of … Continue reading
Half of UK banknotes used to fund shadow economy
Bank of England report reveals that only half of notes in circulation are used legitimately, with remainder linked to drug dealing and prostitution The shadow economy encompasses drug dealing … Continue reading
![The Pleasure Lounge is still closed 10 days after the police raids [now a Chinese massage place called White Lily Spa]](https://kingslandrogue.files.wordpress.com/2013/12/woman-stands-in-the-entrance-of-the-white-lily-spa-and-massage-parlor-ftj993.jpg?w=40&h=40&crop=1){kind=small}
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