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The Latest Breaking News from The Bank of England

Rachel Reeves faces growing questions over her banking expenses and CV

‘There’s still questions to be asked,’ says Dame Siobhain McDonagh amid doubts being raised over an expenses probe

Evening Standard

Rachel Reeves accused of ‘cavalier attitude’ to expenses during banking career

Chancellor and PM insist there was no wrongdoing after claims she was investigated for alleged misuse of expenses

The Guardian - UK

Rachel Reeves caught lying on CV AGAIN about jobs at Bank of England and Halifax

CHANCELLOR Rachel Reeves lied about the amount of time she spent working for both the Bank of England and the Halifax Bank of Scotland (HBOS) ...

The National (Scotland)

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Starmer backs Reeves amid scrutiny of CV changes and banking career expenses

Sir Keir Starmer believes the Chancellor can be trusted and has no concerns about her conduct, Number 10 said.

Evening Standard

UK Economy Picks Up Ahead Of US Tariff Risks

Gross domestic product expanded 0.1 percent in the October-December period after zero growth in the third quarter of 2024, the Office for National Statistics (ONS) said in a statement.

Latin Times

What’s behind the UK’s unexpected return to growth?

The ONS said gross domestic product edged 0.1% higher between October and December after zero growth in the previous three months.

Evening Standard

Rachel Reeves comes under fire for retail banking career expenses and CV changes

The Chancellor’s use of expenses during her time working for HBOS were reportedly subject to an internal investigation, the BBC reported.

Evening Standard

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Rachel Reeves ‘investigated over expenses’ while working at bank

It comes as it emerged the chancellor worked at the Bank of England for nine months less than her LinkedIn profile claimed

The Independent UK

Treasury launches leak inquiry over reports OBR has cut UK growth forecast

The watchdog is reported to have cut its growth forecast for the UK, causing problems for the Chancellor as she attempts to stick to her fiscal rules.

Evening Standard

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

The Independent UK

UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hit

The Guardian - UK

‘Let’s not forget the pain of the 2008 crisis in pursuit of growth,’ warns Andrew Bailey

Bank of England governor says there is ‘no trade-off’ between economic growth and financial stability

The Guardian - UK

Bank of England chief cautions over cutting regulation post-financial crisis

Andrew Bailey insisted there was ‘no-trade off between economic growth and financial stability’ in a speech delivered in London on Tuesday.

The Independent UK

Bank of England policymaker says job losses will ‘restrain’ inflation rise

Catherine Mann said more job cuts and a slowdown in hiring partly driven by higher company taxes will slow price rises across the economy.

Evening Standard

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The Guardian - UK

You may not like Trump. But his attempts to seize the Fed contain a lesson for liberals

The US president has recognised something that is rarely acknowledged: monetary policy is political, says academic and author Leah Downey

The Independent UK

Voices: Should Rachel Reeves pay for her mishandling of the economy?

COMMENT: Despite her audacious tax raids, an absence of ‘growth, growth, growth’ and, now, the prospect of stagflation, the chancellor cannot be blamed for everything that’s going wrong with Britain’s finances, says Sean O’Grady

The Guardian - UK

UK can’t say ‘job done’ on fighting inflation, says Bank of England’s Huw Pill

Chief economist warns that ‘cautious’ approach to further interest rate reductions is required

The Independent UK

Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves

Huw Pill warns that ‘we’re not in a situation where we can declare job done’ on inflation

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The Fashion Central

Keir Starmer Leads Cabinet Meeting Amid Bank of England’s Grim Economic Forecast

Keir Starmer is holding an extensive cabinet meeting with senior ministers following the Bank of England's sharp revision of the UK's growth forecast.

The Fashion Central

BBC Breakfast Fans Outraged as Charlie Stayt Grills Ed Miliband – Everyone’s Saying the Same Thing

Ed Miliband faced criticism from BBC Breakfast host Charlie Stayt as he appeared on the program to discuss the Bank of England's latest forecast.

The Guardian - UK

UK house prices jump to new high as stamp duty rise looms, says Halifax

Average property price increases by 0.7% in January to record £299,138 as market starts year ‘on positive note’

The Guardian - UK

US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – as it happened

US economy added 143,000 new jobs last month, fewer than expected

Evening Standard

Average UK house price hit new record high in January

Affordability is still a challenge for many would-be buyers, but the market’s resilience is noteworthy, Halifax said.

The Guardian - UK

Friday briefing: The Bank of England interest rate cut suggests there are more gloomy times ahead

In today’s newsletter: The Bank also downgraded its growth forecast for the UK, piling pressure on Labour to turn its rousing rhetoric on economic expansion into reality

The Guardian - UK

Grim news for Rachel Reeves is good news for the FTSE 100

The stock market is not the economy – as shown by the new closing high after the Bank of England’s rates cut

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