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The Latest Breaking News from Clare Lombardelli

Why has the Bank of England cut the interest rate and what does it mean for mortgages and inflation?

A lowering of the base rate to 5% suggests mortgage costs have peaked and inflation is coming under control

Evening Standard

OECD Lifts 2024 Growth Forecasts, Driven By US

The OECD raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind.

International Business Times

Clare Lombardelli named deputy governor of Bank of England

Ex-Treasury official and adviser to David Cameron will replace Ben Broadbent, making MPC majority female for first time

The Guardian - UK

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Watch out, Rachel Reeves: the old guard is ganging up on your borrowing ambitions

The shadow chancellor had plans to increase borrowing to invest in infrastructure and more, but the weight of expert disapproval is wearing her down

The Guardian - UK

Central banks ‘risk tipping UK and other developed countries into recession’

Stance on inflation poses threat to ‘soft landing’ forecast for global economy, says OECD

The Guardian - UK

Boris Johnson called Treasury the ‘pro-death squad’ during Covid pandemic, inquiry told

No 10 took no advice on ‘Eat Out to Help Out’ and Treasury had no estimated cost of lockdown, inquiry hears

The Independent UK

Boris Johnson called Treasury ‘the pro-death squad’, Covid inquiry told

Incumbent PM made joke about Rishi Sunak’s department because of its focus on lifting restrictions, according to diary entries

The Guardian - UK

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Boris Johnson referred to Treasury as ‘pro-death squad’, Covid inquiry hears

The former prime minister reportedly used the phrase at a meeting in January 2021, when he wanted a path to eased restrictions

Evening Standard

Boris Johnson referred to Treasury as ‘pro-death squad’, inquiry hears

The former prime minister reportedly used the phrase at a meeting in January 2021, when he wanted a path to eased restrictions.

The Independent UK

Treasury had no estimated cost of lockdown, says former chief economic adviser

Clare Lombardelli said there was ‘no way’ to properly gauge the economic impact of national restrictions.

The Independent UK

Germany will suffer worst from world economic slowdown, says OECD

Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies

The Guardian - UK

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

Bangkok Post

Jeremy Hunt expresses concern about cost of living crisis after OECD forecast

Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20

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