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The Latest Breaking News from Huw Pill

High interest rates ‘will lead to thousands of UK firms failing in 2024’

Thinktank Cebr expects Bank rate to rise twice more and predicts 28,000 insolvencies over next year

The Guardian - UK

UK on recession alert after big falls in factory output and house prices

Signs of distress from very different parts of economy will add to Bank of England’s dilemma over interest rates

The Guardian - UK

Mountain view: Bank top economist offers two routes to beating inflation

Huw Pill says he prefers longer, more steady use of interest rates of Table Mountain model over sharp rise and fall of Matterhorn approach

The Guardian - UK

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Cost-of-living crisis: is the UK over the worst of it?

The rate of price rises has fallen sharply, according to official figures, leading some experts to suggest that the UK may be getting past the worst of the cost-of-living crisis.

The Week

Another interest rate rise? News on prices and wages may decide

The MPC will look at this week’s earnings and inflation figures, but energy volatility could also come into play

The Guardian - UK

UK house prices drop for fourth month running, as Halifax predicts ‘gradual decline’ – as it happened

Average house price fell by -0.3% in July, and is 2.4% lower than a year ago, but Halifax doesn’t expect ‘precipitous decline’ in coming months

The Guardian - UK

Bank of England admits its own forecasts ‘unworkable’ in inflation crisis

Central bank’s model ‘based on last quarter century’, concedes chief economist Huw Pill

The Independent UK

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UK business minister says Thames Water must survive; Bank of England governor understands criticism over rate hike – as it happened

Rolling coverage of the latest economic and financial news, as government begins drawing up contingency plans for the collapse of Thames Water

The Guardian - UK

Watch: Top Bank of England economists face questions on interest rate increases

The Bank of England’s top economists faced questions on interest rates on Tuesday, 23 May.

The Independent UK

The U.K. economist who told Brits to 'accept' being poorer apologizes—kind of

A top U.K. economist ruffled feathers with tactless remarks last month about inflation's primary cause.

Fortune

Millions face mortgage pain as Bank of England raises interest rate to tackle ‘stubbornly high’ inflation

UK to avoid recession, forecast finds – as economists warn Bank may have gone too far in raising rate

The Independent UK

Bank of England lifts inflation and growth forecasts as it raises interest rates to 4.5% – business live

BoE governor Andrew Bailey predicts inflation will have halved by the end of this year, thanks to falling energy bills

The Guardian - UK

1.5m UK homeowners on variable rate mortgages face new borrowing rise

Poll of City analysts shows unanimous expectation of Bank of England raising interest rates to 4.5%

The Guardian - UK

The Bank of England was right, inflation has made us poorer. But whose fault is it?

Central banks are keen to blame the surge in inflation on anyone but central banks

The Guardian - UK

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Daily Mirror

'We are not ALL worse off, as fat cat bank chief Huw Pill (on £190k) reckons'

Bankers seem to be doing OK. The guy who runs British Gas got a £3.7million bonus last month. On top of his £790k salary

Daily Mirror

Bank of England boss at centre of row over 'poor' comments lives in flat owned by parents

Huw Pill, 54, who earns £190,000 a year, sparked outrage when he said workers should stop asking for pay rises during the cost of living crisis

Daily Mirror

'Rich just get richer while poor have to accept being poorer'

Brian Reade on this week's slap in the face from the Bank of England's Huw Pill, hard to stomach when you consider the pay of FTSE 100 bosses surged 23% last year as ordinary folk flatlined

The Guardian - UK

Huw Pill’s claim that we are all worse off is false. The rich have got richer

Letters: Public sector workers and food bank users don’t need the Bank’s chief economist to tell them who is worse off and who not, says Janet Dubé. Plus letters from David Redshaw, Mike Alcock, Austen Lynch and Andy Stelman

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The Week

Is it time for Britons to accept they are poorer?

The Bank of England’s chief economist has come under fire for urging British people to accept they are poorer.

The Guardian - UK

The Guardian view on Britons getting poorer: don’t accept it

Editorial: ‘We’re all worse off,’ says the Bank of England. Pull the other one

The Guardian - UK

‘People can’t just get used to it’: Wolverhampton reacts to Bank of England comments

Local authority with highest fuel poverty rate in England is angry at economist’s comment Britons ‘need to accept’ being worse off

Fortune

'Keep Calm and Carry On' has turned into accept 'we're all worse off' for Brits—and they're furious

The nation known for its stiff upper lip is refusing to accept it's getting poorer, the chief economist at its central bank said.

The Guardian - UK

The Bank of England is wrong again: workers aren’t to blame for inflation

Why should we ‘accept we’re worse off’, when corporate greed and global shortages are really to blame, asks James Meadway of the Progressive Economy Forum

Wales Online

Carol Vorderman's scathing 'gaslighting us all' response to top banker's claim we all have to accept we're poorer

The 62-year-old presenter, who is currently appearing on I'm A Celebrity... South Africa, criticised Bank of England chief economist Huw Pill

The National (Scotland)

Expert rips apart Bank of England economist's 'accept being poorer' claim

THE claim by the Bank of England's top economist that people in the UK need to accept they are poorer is part of a “conspiracy is against working…

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