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The Latest Breaking News from Andrew Bailey

Why are central banks pushing to raise interest rates?

Banks are raising rates to bring down inflation but there is a risk to economic growth

The Guardian - UK

Bank of England poised to hike interest rates to 1.25% in battle against inflation

Base rate of interest currently stands at 1 per cent - its highest point in 13 years

The Independent UK

Bank of England says inflation will hit 11% after raising interest rates to 13-year high – as it happened

UK central bank has raised interest rates to 1.25%, warned inflation will exceed 11% in autumn, and cut growth forecast for this quarter

The Guardian - UK

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A recession is worse than inflation -- why the Bank is getting this all wrong

City Voices: Former Bank Governor Mervyn King scores nought out of ten

Evening Standard

Pay crunch gives Bank of England tough call on interest rates

Bank to put rates up on Thursday, City expects

Evening Standard

Will the cost of living crisis spark a revival in the trade union movement?

BANK of England governor Andrew Bailey caused a stir when he told workers in February that he wanted to see them showing “quite clear restraint”…

The National (Scotland)

From deep tech to high finance, why Leeds is luring companies north

The city’s pool of skilled workers is attracting startups and big name companies alike

The Guardian - UK

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How war in Ukraine has sparked an ‘unprecedented’ global food crisis

Scattered grain sits inside a warehouse damaged by Russian attacks in Cherkaska Lozova, outskirts of Kharkiv

Evening Standard

In homer-happy Philadelphia, SF Giants don’t let Logan Webb’s brilliance go to waste

PHILADELPHIA — Giants pitching coach Andrew Bailey, effervescent as always, walked up to Logan Webb in the clubhouse Monday afternoon and proclaimed, “It’s a beautiful day out there.”

Tribune News Service

This age of inflation reveals the sickness ailing Britain’s economy: rentier capitalism

Profits have become all-but guaranteed for wealthy elites, says economist William Davies

The Guardian - UK

More details, fallout emerge from Tommy Pham’s slap of Giants’ Joc Pederson

CINCINNATI — More details and fallout of Tommy Pham’s slap heard ’round the baseball world emerged Saturday in the lead up to the Giants’ second game here at Great American Ballpark.

Tribune News Service

Can’t We Just Print More Money? review – the Bank of England’s guide to economics

Two of the bank’s economists attempt to soften the formidable institution’s reputation with this jaunty handbook

The Guardian - UK

Bank of England ‘reluctant’ to talk about Brexit harm, says Bank of America

Bank of England governor Andrew Bailey faced a Brexit row on Friday after it was accused of being “reluctant” to talk about the harm caused by Britain quitting the EU to avoid upsetting the Government.

Evening Standard

Bank of England not to blame for soaring inflation, says governor

Andrew Bailey defends response to Covid pandemic and indicates Bank will not take aggressive approach to raising interest rates

The Guardian - UK

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The Guardian - UK

Hybrid working grew in Great Britain even as Covid rules eased, data shows

More than four in five workers want to continue flexible model despite government push for return to office

Evening Standard

The Bank of England is steering us straight into a terrifying iceberg

Andrew Bailey, the Governor of the Bank of England, admitted last week that “to forecast 10 per cent inflation and to say there isn’t a lot we can do about it is an extremely difficult place to be… This is a bad situation to be in.” It’s the sort of…

The Guardian - UK

Apocalypse now? The alarming effects of the global food crisis

The Bank of England governor warned last week of ‘apocalyptic’ food price rises. Yet war in Ukraine, climate change and inflation are already taking their toll all over the world

Daily Mirror

Six things the Government is NOT doing to help Brits with cost of living crisis

Professor Richard Murphy says politicians are doing almost nothing to help people who are struggling because they believe the market can solve a problem better than anything the government can do

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The Guardian - UK

Thursday briefing: Why we don’t have to balance the books

In today’s newsletter: As inflation hits a 40-year high of 9%, Archie Bland explores the causes of the crisis, and the potential solutions left out of the debate

Daily Mirror

Iceland becomes the first supermarket to cut prices depending how old you are

Iceland and its sister store The Food Warehouse are offering shoppers aged 60 and above money off their groceries every Tuesday to help those struggling with soaring costs

The Independent UK

The graphs that show how dire the inflation crisis is

Cost-of-living is to get worse as inflation is expected to continue rising, Bank of England warns

The Guardian - UK

The Guardian view on fixing inflation: a reckoning with free markets is needed

Editorial: Tories say taxes must fall to curb inflation, even at the cost of a higher deficit. Labour should argue that public spending could be increased for the same reason

Evening Standard

Millions closer to famine because of Putin’s invasion, say western officials

Russian leader accused of ‘weaponising’ global food supplies by targeting industry in Ukraine

The Guardian - UK

The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

Bangkok Post

Britain’s inflation rate surges to a 40-year high of 9%

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

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