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Tim Besley

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Arch-hawk Besley steps down from Bank’s rate-setting team

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Pound on a roller-coaster ride as Bank stokes hopes

23.09.09
Sterling fluctuated violently as the Bank of England stoked hopes of “a virtuous upward spiral for the economy” but warned of “false dawns” as the UK pulls out of recession... more

City Spy: No fun at ITV in this Ball game

11.09.09
Just how wide is the opposition to Tony Ball being made ITV's next chief executive within the higher reaches of the broadcaster? Very, is the answer.... more

Is deflation still a threat?

08.09.09
Economic analysis: Has the threat of deflation been overdone? And what should The Bank of England do next, given interest rates were cut to 0.5% and quantitative easing was launched to stave off deflation? ... more

King under further fire after Bank vote revolt

19.08.09
Bank of England governor Mervyn King was under mounting pressure after it emerged he was defeated in a rare revolt on Threadneedle Street over how to deal with the recession ... more

Only economists are unable to spot a bit of regal rhetoric

30.07.09
Are you talking to me or chewing a brick?” That was almost certainly the first time I came across a rhetorical question in the flesh. Of course, my fine education had already taught me what such a literary device was in theory ... more

City Spy: Your Majesty, we screwed up royally

28.07.09
The British Academy has sent a letter to the Queen to answer her question as to why nobody saw the financial crisis coming. “Many people did foresee the crisis,” says the letter ... more

City Spy: New MPC man is ready to rumble

16.07.09
Adam Posen, who joins the monetary policy committee at the Bank of England in September, admits he is not yet up to speed on the state of the UK economy and promises to put this right ... more

Can Bank pull off quantitative easing without inflation crisis?

07.07.09
Mervyn King’s bold strategy of printing money to revive the ailing economy is fraught with danger... more

Bank recruits American who called for Wall Street heads to roll

16.06.09
An American economist who recently called for Wall Street bank chief executives to be fired is joining the Bank of England's interest-rate setting monetary policy committee... more

Knives out for Sir Victor at dons' high table

20.03.09
No one seems to have a good word for Sir Victor Blank, chairman of Lloyds, who happily signed up to the merger of HBOS without, as his chief executive admits, doing anywhere near enough due diligence... more

Arch-hawk Besley steps down from Bank’s rate-setting team

19.03.09
Tim Besley, the Bank of England interest rate setter who spectacularly failed to spot the recession, has said he is standing down from the monetary policy committee... more

Bank hawk Besley in warning on deflation

22.12.08
Bank of England hawk Tim Besley moves to calm fears about deflation but warns that the UK economy has entered "uncharted territory"... more

Rates dove Blanchflower takes swipe at tardy Bank

27.11.08
Economics: The Bank of England has been left "reacting" to the financial crisis rather than cutting interest rates to help prevent recession says critic... more

Don't leave an Egg sale off the Citi cuts menu

19.11.08
While the headlines about Citigroup's latest round of bloodletting say 52,000 jobs are being axed, the US bank won't make even half that number redundant... more

Gallows humour — now everyone wants a bailout

17.11.08
After the bailout of the banks and pressure on Barack Obama to save General Motors, everyone wants a helping hand from the state... more

Only dovish Blanchflower got it right on urgent need for rate cuts

07.11.08
Analysis: The dramatic decision by the Bank of England to slash interest rates from 4.5% to 3% may have smacked of panic, but it was long overdue and marked a significant victory for one man in particular... more

I got it wrong on inflation, says Besley

29.10.08
Tim Besley, arch-hawk on the Bank of England's monetary policy committee, says inflation is no longer a major threat to the economy as Britain dives into recession... more

Brokers are betting blind and may leave you broke

28.10.08
The City has been trying to shake off the notion that it's a casino for some time, but at the moment that's exactly what it feels like... more

Now Brown is haunted by 'boom and bust'

27.10.08
Gordon Brown has always been good at hocus-pocus when it came to growth numbers... more

MPC jetsetter ‘Danny’ earned his air miles

23.10.08
So another cut in interest rates by the Bank of England looks nailed on next month after Governor Mervyn King’s “recession is coming” speech — it’s now just a question of how big a trim... more

Interest rates stay on hold

04.09.08
The Bank of England has delivered another blow to homeowners by keeping interest rates on hold again... more

Bank split on which way rates must move

20.08.08
The Bank of England remains torn over interest rates as it grapples with the twin threat of runaway inflation and probable recession... more

British tip inflation to be high for two years

19.08.08
Gloomy Brits expect runaway inflation to continue for at least the next two years as the cost of food and fuel soars... more

Hawks and doves face off over next rate move

25.07.08
A three-way split on the Bank of England's monetary policy committee has left the City asking - what next for interest rates?... more

Economic dilemma leaves MPC in three-way rates split

23.07.08
A three-way split emerged at the top of the Bank of England as it grappled with the bleakest economic outlook since the 1990s recession... more

Thousands opt for renting as home sales fall

23.07.08
The number of people renting in London has soared by almost a fifth in a year because of the paralysis in the property market... more

Builders on slide after 'worse than Nineties' warning

26.06.08
Housebuilders' shares are back on the slide after a top Bank of England official declares the current slump in building activity is even worse than in the 1990s recession... more

'0.9% drop' as Halifax fuels house price gloom

02.05.08
Mortgage lender said prices are lower than they were a year ago for the first time in more than 12 years... more

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