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The Latest Breaking News from Huw Pill

Bank of England chief economist Pill warns UK pay growth ‘stubbornly high’

Pay growth remained close to record highs at 7.7%, official figures revealed today

Evening Standard

Brexit has hit UK’s economic openness, says Bank of England governor

Andrew Bailey says free trade demands greater international cooperation on financial rule-making

The Guardian - UK

Bank of England’s top economist warns interest rates likely won’t return to pre-Covid levels

Huw Pill says interest rates will likely fall, but not to near-zero levels of the 2010s

The Independent UK

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Tuesday briefing: What Poland’s rightwing parties losing control of government means for Europe

In today’s newsletter: In what could be the most consequential election in the country since the fall of communism, Poland may have made a step closer to Europe

The Guardian - UK

UK economy in ‘horrible bind’ as recession looms with no room for tax cuts, say experts

Britain in for ‘protracted period of high taxes and tight spending’, says Institute for Fiscal Studies

The Independent UK

Bank of England has more ‘work to do’ to control inflation, says chief economist

Huw Pill raises possibility of interest rate rise, saying war between Israel and Hamas may affect oil priceBusiness live – latest updates

The Guardian - UK

Yet another Bank of England rate rise looks likely – but this may be the last

Rising unemployment and sluggish economic growth are unlikely to derail Threadneedle Street’s drive to curb inflation

The Guardian - UK

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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

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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The Guardian - UK

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 Independent 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.

Fortune

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.

The Independent UK

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

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The Guardian - 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

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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