Archiv: Andrew Bailey


28.05.2023 - 11:06 [ TaxResearch.org.uk ]

Suppose we have an interest rate / inflation spiral now, and it’s been created by the Bank of England?

I suspect the Bank to deny this, but they have already admitted their models of inflation based on their own understandings of the issue do not work, so little weight should be given to that.

Instead it‘s time to cut rates and remove the only excuse businesses have to increase prices because interest rates are the only cost expected to remain high, and excessively so, from now into the future.

15.10.2022 - 19:44 [ DuckDuckGo.com ]

UK, economy, stimulus

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15.10.2022 - 19:31 [ Simon_Templar2021 PhD / Nitter ]

This country is screwed whosoever in power even if Labour! Tory grassroot members has royally damaged this country by putting a malfunctioning robot Lizbot as PM who lacks a brain like the Scarecrow in the Wizard of Oz! Unfortunately there isn’t a Wizard she can visit to get one!

15.10.2022 - 18:12 [ DailyMail.co.uk ]

Interest rates may rise even HIGHER than expected next month, Bank of England chief says if inflation is to be beaten

On September 22 the Bank‘s Monetary Policy Committee (MPC) raised rates by 0.5 percentage points to 2.25%.

Speaking at the G30 annual international banking seminar, Mr Bailey said: ‚The UK Government has made a number of fiscal announcements and has set October 31 as the date for a further fiscal statement.‘

He said that the Bank‘s monetary policy committee ‚will respond to all this news at its next meeting in just under three weeks from now‘.

15.10.2022 - 18:06 [ James Matthews / Nitter ]

Bank of England governor Andrew Bailey tells IMF event in Washington of conversation with Jeremy Hunt yesterday: “Very clear & immediate meeting of minds on the importance of stability and sustainability.” @SkyNews

15.10.2022 - 17:47 [ SlightlyFaztStockMarketNews / Nitter ]

British government borrowing costs surged again on Wednesday after Bank of England Governor Andrew Bailey told pension funds they had three days to fix liquidity problems before the bank ends emergency bond-buying that has provided support.

(13.10.2022)

21.04.2020 - 23:37 [ DailyMail.co.uk ]

Bank of England boss Andrew Bailey warns against easing social distancing too early and says the psychological effects of a ‚false start‘ that forces Britons back into lockdown could damage economy more

– Andrew Bailey told the Daily Mail a premature end to restrictions could result in a loss of confidence
– The Bank of England governor issued the stark warning at a time of increasingly heated debate over lockdown
– It comes as ‚hawks‘ have been advocating for early easing of restrictions to save the huge costs to economy
– On the other side, ‚doves‘ argue relaxing constraints too early would be reckless and devastating for the NHS

13.02.2020 - 16:26 [ Jason Groves, Political Editor of the Daily Mail / Twitter ]

I‘m told Dominic Cummings opposed the appointment of Andrew Bailey as Governor of the Bank of England. Outmaneuvered by Javid – adding to the reasons he wanted the Chancellor reined in

13.02.2020 - 16:24 [ Sebastian Payne, @FinancialTimes Whitehall correspondent / Twitter ]

Some chatter from inside the Treasury: one of the reasons Dominic Cummings was angry with Sajid Javid was the Bank of England governor. Cummings wanted Andy Haldane as the candidate most attuned to „levelling up“ but Javid managed to secure it for Andrew Bailey. #reshuffle