Mark Carney

Brexit Trade Deal Can Cover Financial Services, BOE's Woods Says

The U.K.’s top bank supervisor said a free trade deal with the European Union that includes financial services could be completed in three years, as …

Brexit

Inflation falls back to 3pc as cost of living squeeze starts to ease

The surge in inflation appears to be past its peak as price rises across large swathes of the economy slowed in December.<p>Food cost inflation stood at 4.1pc with price rises weakening for baked goods, butter, fish, olive oil and other goods that had experienced steep rises, the Office for National …

Economy

UK inflation fell back to three per cent last month

UK consumer price inflation (CPI) fell back to three per cent last month, according to the Office for National Statistics (ONS).<p>CPI hit 3.1 per cent …

Economics

'Ample time' before next Bank of England rate move needed: Tenreyro

LONDON (Reuters) - The Bank of England probably has "ample time" before it needs to consider raising interest rates again after its first rate hike in more than a decade in November, BoE policymaker Silvana Tenreyro said on Monday.<p>Tenreyro said in a speech that she felt comfortable at last month's …

Economy

Six of the world’s largest asset managers rule out bitcoin

The news comes as a blow to proponents of the virtual currency that hit a high of almost $20,000 in December<p>Six of the world’s largest asset managers …

Finance

Inflation hit costs British households £24bn in 2017

The rising tide of inflation has cost British households an extra £24bn in 2017, with commuters suffering the most, new analysis to be published …

Economy

These will be the world's 10 biggest cities in 2050

The human population is growing at an alarming rate. By 2050, there will be almost 10bn people on the planet.<p>We've been hearing this for years, but …

Travel (India)

Seven European cities where it's cheaper to stay in a hotel than an Airbnb

As the January blues sweep in, sometimes it seems that the only light at the end of the tunnel is the thought of booking a long, sunny getaway to …

Hospitality

U.K. Must Decide Who Leads Bank of England in Life After Brexit

© Bloomberg. A pedestrian walks over a puddle reflecting the Bank of England (BoE) in the City of London, U.K.<p>(Bloomberg) -- There’s at least one …

Brexit

Trio of surveys hint at UK investment letdown

LONDON (Reuters) - Prospects that business investment in Britain will strengthen this year have been dealt an early blow by three surveys, none of which signalled improvement.<p>The surveys of lenders and businesses may disappoint Bank of England officials who expect the recovering global economy will …

Economy

U.K. Inflation May Be Starting to Slow

Inflation in the U.K. may finally be starting its slowdown, bringing some small relief to consumers squeezed by faster-rising prices in …

Economy

Barclays CEO Urges Theresa May to Cut Taxes Post-Brexit

Barclays Plc Chief Executive Officer Jes Staley called on U.K. Prime Minister Theresa May to cut taxes and relax regulations on British banks after …

Brexit

Bank of England proposes easing burden of Solvency II rules

The Bank of England is pushing ahead with plans to lighten the load of requirements for insurers under EU rules, following a lobbying effort from …

Economy

WSJ City: Bond Selloff Ripples Through Markets, PwC Hit With India Audit Ban

Good morning from the WSJ City desks in London. WSJ City is the app that delivers concise, smart news on business and finance for mobile. Download for iPhone or Android. Here's essential reading on today's developments.<p>MUST READS FROM WSJ CITY<p>The 10-year yield is a critical benchmark for global …

Business

We're Still Waiting On Trudeau's Promised Plan To Fight Poverty

Everyone wants to help support their local food bank initiatives. But this always poses a tough question for me: How do we help our neighbours when, …

Poverty

A Water Polo Success Story In Alabama As Montgomery YMCA Welcomes Splashball

<b>Jan. 9, 2018</b><p><b>By Matt Szabo</b><p>Trey Slagle is an 8-year-old who doesn’t shy away from competition.<p>He has played baseball, basketball, and soccer, and he …

Water Polo

BOE Must Tighten Policy to Stifle Inflation, Broadbent Says

The Bank of England is likely need to raise interest rates again in the coming years to damp accelerating inflation, and rising levels of consumer …

Economy

Rising inflation pressures highest since 2009 say British businesses

Britons hoping for inflationary pressures to diminish might be forced to wait longer, with a major survey of UK firms to be published today showing …

Economy

Are central bankers about to burst the bitcoin bubble?

Foreign exchange traders have long been used to "jawboning" from central bankers – that is, using carefully selected words to suggest that they are …

Bitcoin

Who will lead the Bank of England after Brexit?

© Reuters. FILE PHOTO: A statue is silhouetted against the Bank of England in the City of London<p>By William Schomberg<p>LONDON (Reuters) - Britain is …

Brexit

Why voluntary climate risk disclosure is going mainstream

When the G20 speaks, investors and companies listen.

Climate

Don’t panic: Consumer debt boom is driven by rich borrowers, not the vulnerable poor

The boom in consumer borrowing is driven by Britons with strong credit ratings, not the vulnerable borrowers who would worry regulators the most, Bank of England and Financial Conduct Authority researchers have found.<p>Zero percent credit cards and motor finance – two major growth areas – are …

Economy

Consumer debt growth is not a new subprime bubble say FCA and Bank of England economists

The recent surge in consumer lending to record levels will not be a rerun of the subprime borrowing bubble that crippled the world’s financial system …

Economy

I rode Hong Kong's amazing subway where it's impossible to get lost — now I'll never look at the London Underground in the same way

Back in August my colleague in New York, Dennis Green, visited London and found using the Tube — much to the dismay of many Londoners — a generally …

Hong Kong

London Stock Exchange Group's LCH clearing arm enjoys record year

The London Stock Exchange (LSE) Group’s LCH clearing arm processed a record volume of derivatives over the course of 2017, ahead of an expansion …

Xavier Rolet

Bill Gates: Trust me, the world is really getting better, not worse

In the wake of hurricanes, mass shootings and the shadow of a nuclear war, the world's richest man wants you to take heart.<p>The world, he says, is …

Bill Gates

Bank Of England Drops Plans For Its Own Cryptocurrency, Fearing Instability

Advertisement<p>The Bank of England has decided it will not launch its own cryptocurrency due to its possible impact on the financial system, according …

Cryptocurrency

Central banks investigate digital currencies following bitcoin boom

No statements, no accounts, no fees, and definitely no waiting for your money to arrive.<p>That could be your financial future in a world where banks …

Bitcoin

Bank of England Has 'No Plans' to Launch Cryptocurrency

The Bank of England has dropped plans to launch its own digital currency amid concerns about its impact on the financial system.<p>The U.K.'s central …

Cryptocurrency

Graphic: Slow speed ahead for UK economy as Brexit nears

LONDON (Reuters) - Britain’s economy looks set for a subdued run-up to Brexit, according to a range of indicators that paint a mixed picture at the start of the country’s last full year in the European Union.<p>Forecasters generally think the world’s sixth-largest economy will continue to expand at a …

Economy