Wednesday's U-turn on interest rates from the Bank of England's Martin Weale and Spencer Dale, brings back uncomfortable echoes of the last time members of the MPC backed down from calls to raise rates... more
Fathom Consulting presented its usual gloomy line on the British economy yesterday at the Cass Business School, and then at the end of the seminar the audience was asked whether in the light of these predictions, the Government should persist with its planned austerity package. The audience voted 89% for and 11% against... more
Is former Bank of England hawk Tim Besley trying to rewrite history? Besley was the man who voted for interest rates to rise in July and August 2008 - when the economy was already in recession and about to fall off a cliff with the collapse of Lehman Brothers... more
Rate-setter Adam Posen openly calls on the Bank of England to crank up the printing presses again and warns that the UK is “a long way from home” on the road to recovery... more
Government ministers or leading civil servants should be forced to outline any economic concerns to the Queen each month to prevent a repeat of the credit crunch, it was suggested... more
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
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
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
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
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
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
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
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
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
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
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
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
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
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