The Bank of England's chief cashier said people are looking for a physical safety net Politics
Households are seeking a safety net in time of global volatility, according to the Bank of England's chief cashier Events
Rachel Reeves said that ministers will not be ‘going above’ the 5% annual increases in council tax. Events
We would like to hear from people who have started setting aside more cashUK households are increasingly setting aside physical cash amid extreme economic uncertainty and to provide a safety net for possible banking system outages such as the recent one in Spain, according to the Bank of England’s chief cashier.Victoria Cleland said on Tuesday that the Bank had tracked a significant increase in the number of banknotes in circulation in recent months, continuing a rising trend since 2022. Continue reading... Economics
Andrew Bailey said the prospects for easing the burden on Brits was 'shrouded in a lot more uncertainty', largely due to Donald Trump 's trade war. Events
The chief economist of the Bank of England has warned interest rates have been falling too quickly as the rate of inflation continues to exceed the bank's 2% target. Events
Huw Pill said the pace of interest rate reductions since August last year has been ‘too rapid’ given the balance of risks to UK inflation. Events
Huw Pill said cuts in the Bank of England’s base rate have been ‘too rapid’ Economics
