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The Latest Breaking News from Andrew Bailey

Global economy not on the cusp of another 2008 - Bank of England governor

The UK’s economy showed no growth in February, narrowly avoiding a recession despite decades-high inflation

Insider UK

Andrew Bailey plays down bank crisis, paving way for more interest rate rises

Speculation of further 0.25-point increase in rates after speech by Bank of England governor to IMF

The Guardian - UK

Watch: Bank of England governor speaks in Washington DC amid fears of interest rate hike

Andrew Bailey, governor of the Bank of England, spoke at the Institute of International Finance on Wednesday, 12 April, amid fears of interest rate hike.

The Independent UK

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Editorial: Missouri and Kansas AGs want to block abortion pill — for democracy, says Kris Kobach

If in the near future the U.S. Supreme Court decides to ban the abortion pill, you’ll have Andrew Bailey and Kris Kobach to blame.

Tribune News Service

'In a cost-of-living crisis, somebody should make it a priority to protect renters'

I was gobsmacked when a pal told me she was made to pay to view a rental flat. When I asked her why she didn’t tell the estate agent where to go, she shrugged: 'That’s just how it is now'

Daily Mirror

Australian-grown pine nuts could replace imports on supermarket shelves, but it won't happen overnight

Pine nuts are one of the world's most expensive nuts, and none of those sold in Australian supermarkets are grown here. Farmers are embarking on a journey to change that.

ABC News

St. Louis prosecutor to seek reelection despite ouster bid

St. Louis’ elected prosecutor says she will run for reelection in 2024, even as she tries to fend off an effort by Missouri’s attorney general to force her out of office

The Independent UK

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Silicon Valley Bank collapse was fastest since Barings in 1995, Bank of England governor says

Andrew Bailey says economy is in ‘period of very heightened tension and alertness’

The Independent UK

Bank of England ‘vigilant’ in wake of Silicon Valley Bank collapse, says Bailey

Governor tells MPs market turmoil has ‘tested’ banking sector for signs of weaknesses but denies fresh crisis is looming

The Guardian - UK

Bank of England chief: HSBC was only reasonable bidder for Silicon Valley Bank UK

Other prospective bidders, Andrew Bailey said, either never submitted a firm offer or attached terms the Bank couldn’t agree to

Evening Standard

Watch as Bank of England governor speaks to Treasury committee on SVB rescue

Watch as Bank of England governor Andrew Bailey speaks to the Treasury committee about Silicon Valley Bank (SVB) after its £1 rescue by HSBC.

The Independent UK

SVB collapse was ‘fastest since Barings’, Bank of England says, in call for vigilance – as it happened

Treasury committee holds hearing on the sudden collapse of Silicon Valley Bank this month

The Guardian - UK

Myopia in the Bank of England over companies’ profiteering

Letter: Research showing that most price increases came from ‘companies seeking to maintain profit margins’ has not been noticed by the Bank, writes Bernie Evans

The Guardian - UK

So things are getting better – but it’s no thanks to the Bank of England

Governor Andrew Bailey has had to accept that the economy is resilient, but he’ll still find reasons to keep interest rates high

The Guardian - UK

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The Guardian - UK

Greedflation: are large firms using crises as cover to push up their profits?

Critics of corporate behaviour over the pandemic and Ukraine war say company profit and loss accounts tell their own story

Daily Mirror

Bank of England chief warns firms hiking prices could lead to higher interest rates

His comments follow a surprise increase in inflation earlier this week and the Bank of England's decision to raise interest rates - the 11th rise in a row - from 4% to 4.25%.

The Guardian - UK

Wetherspoon’s boss: hospitality holding off price rises could be ‘catastrophic’

Tim Martin says Bank of England is right to ask firms to be mindful but advice should not be taken too literally

The Guardian - UK

Bank of England boss urges firms to hold back price rises or risk higher rates

Andrew Bailey says interest rates will have to rise again unless inflation falls

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Insider UK

Interest rates will rise again if businesses raise prices – Bank of England boss

Governor states optimistic outlook that the UK can avoid a recession, after being on a 'knife edge' last month

The Guardian - UK

Deutsche Bank shares tumble as fresh banking sell-off grips Europe and US – as it happened

Stock markets and oil fall amid fears over Germany’s biggest bank

Evening Standard

Interest rates will rise again if businesses hike prices, Bank of England boss warns

His comments come after interest rates were lifted to 4.25% from 4%.

Zenger

Bank Of England Hikes Interest Rates To 4.25%: Pound Edges Higher, UK Stocks Hold Steady

The Bank of England raised interest rates by 25 basis points to 4.25% as the Pound edges higher and the UK Stock hold steady

The Independent UK

Mortgage misery as Bank of England hikes interest rates to a 14-year high

Double whammy as average council tax bill to pass £2,000 for the first time

The Independent UK

Missouri Senate OKs limits on transgender treatments, sports

Missouri minors no longer could receive gender-affirming treatments under a state Senate-approved bill

The Independent UK

Doctors question aspects of Missouri transgender care limits

Missouri’s attorney general says he will issue an emergency regulation that at least temporarily puts strict limits on transgender medical treatment for youth

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