Search Results for: Bank of England
Tax rise risk from George Osborne’s ‘inflexible’ budget target
February 9th, 2016
Chancellor George Osborne’s “inflexible” budget surplus target may mean sudden tax rises or spending cuts, independent economists suggest. The Institute for Fiscal Studies (IFS) said that Mr Osborne’s pledge to run a budget surplus “in normal times” from 2019-20 ...
Top London Lawyers Now Cost More Than £1,000 Per Hour
February 8th, 2016
Report says hourly rates for elite London firms at record high Lack of competition and opaque fee structures are to blame The cost of hiring a top London lawyer has risen to more than 1,000 pounds ($1,445) an hour, ...
China shares lower, but ‘real economy’ sound says state media
January 28th, 2016
China’s volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan ($1.8 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai ...
Andrew Bailey appointed as new Chief Executive of the FCA
January 26th, 2016
HM Treasury have today announced the appointment of Andrew Bailey as the new permanent Chief Executive of the Financial Conduct Authority (FCA). Andrew is currently the Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive ...
PwC launches new global technology team to harness Bitcoin technology
January 22nd, 2016
PwC has recruited 15 leading technology specialists to exploit and commercialise blockchain, the technology that powers the crypto-currency, Bitcoin. The new Blockchain team will be based in PwC’s Belfast office and is expected to grow to over 40 digital ...
FTSE 100 index plunges into ‘bear market’ territory as oil price rout wipes another £52bn off top-flight share values
January 21st, 2016
Footsie plunged 203 points or 3.5% to close at 5,673 That means £52bn has been wiped off blue-chip share values today Now more than 20% below April 2015’s 7,103 high – firmly a bear market Panic over oil price after ...
U.K. Markets Pounded and ‘Brexit’ Vote Doesn’t Even Have a Date
January 18th, 2016
Pound, stocks decline as risks to U.K. economy stack up Turmoil is hurting outlook for Bank of England rate increase Wherever you look, Britain’s financial markets are creaking. The pound is at the weakest level since 2010 against the ...
Austrians get (some) mainstream credibility
January 15th, 2016
Well, well: who would have believed it. First the Bank for International Settlements comes out with a paper that links credit booms to the boom-bust business cycle, then Britain’s Adam Smith Institute publishes a paper by Anthony Evans that ...
Pound Slumps as BOE Rate-Rise Expectations Recede
January 14th, 2016
China-linked market turmoil has made Bank of England rate increase less likely, investors say The British pound tumbled to a more than 5½-year low this week, as concerns about China help push back expectations of a long-anticipated interest-rate increase ...
PwC economists reveal predictions for 2016
January 11th, 2016
G7 to grow at fastest rate since 2010, led by US and UK Geopolitics (rather than economics) will top policymakers’ agendas Commodity prices will remain lower for longer End of the Eurozone crisis African population to rise in 2016 ...
