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The Latest Breaking News from Charlie Bean

Bank of England set to rain on hopes of interest rate cut after economic bounce

This week’s Bank meeting is unlikely to bring borrowers any joy amid a strong recovery from 2023’s mild recession

The Guardian - UK

What are the UK’s ‘fiscal rules’ and why is the OBR under attack?

The Treasury watchdog is seen by some Tories as a block to tax cuts – and could be ignored by Jeremy Hunt

The Guardian - UK

Bank of England governor denies trying to trigger recession after hiking interest rates to 5% – as it happened

Rolling coverage as the Bank of England lifts UK interest rates to a 15-year high, as it contnues to fight inflation

The Guardian - UK

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Jeremy Hunt calls mortgage crisis summit as experts urge banks to help those struggling

Jeremy Hunt has summoned bosses from Britain’s leading banks to Downing Street to urge them to do more to support customers

The Independent UK

Ireland Christmas TV guide as TG4 confirms line-up of festive movies including all-time classics

TG4 have just released the lineup of films they'll be showing over the holidays and there are a few Christmas crackers in store. Which ones will you be watching this year?

Irish Mirror

Boris Johnson return would alarm markets, former Bank of England chief warns

‘Concern’ about fresh instability predicted – as borrowing costs rise after ex-PM installed as race favourite

The Independent UK

Starmer warns Tory MPs they will not be forgiven for backing ‘kamikaze’ budget

Sir Keir, in his remarks at Prime Minister’s Questions, asked: ‘Who voted for this? Not homeowners paying an extra £500 on their mortgages.’

The Independent UK

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Kwasi Kwarteng’s ‘original sin’ caused UK turmoil, says ex-Bank of England deputy

Sir Charlie Bean says Bank could extend emergency action to ease ‘pressure’ on government

The Independent UK

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Guardian - UK

Kwarteng 45p tax U-turn ‘won’t make substantial difference’, warns ex-deputy Bank of England governor

Sir Charlie Bean, said the chancellor’s U-turn will not be enough to calm down the financial markets

The Independent UK

Bank of England launches urgent bond-buying programme to avoid 'material risk' to UK economy

'The Bank of England stands ready to restore market functioning and reduce any risks from contagion'

Birmingham Post

Truss urged by Starmer to recall Parliament as pound slumps despite Bank of England intervention

Labour leader adds to pressure on prime minister to call MPs back from conference recess to debate financial crisis

The Independent UK

Spending cuts made necessary by mini-Budget ‘could spell end of NHS’, top economist warns

Sir Charlie Bean, a former deputy governor of the Bank of England, said deep cuts would be needed to bring spending into line with GDP

Evening Standard

Austerity cuts ahead could mean ‘end of NHS’, warns ex-Bank of England deputy

‘Fundamental rethinking’ of the state could lie ahead, says Sir Charlie Bean

The Independent UK

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news in one place.

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The Independent UK

Tory donor makes huge profits from falling pound

‘It’s been helpful’, says Crispin Odey on his bets against Sterling amid market turmoil

The Independent UK

Markets treating UK like ‘developing country’ after Kwarteng budget, warns ex-US Treasury chief

Current turmoil ‘hallmark of situations where credibility lost’, says Larry Summers

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