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The Latest Breaking News from Andrew Bailey

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

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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

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

The Guardian - UK

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…

Evening Standard

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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

The Guardian - UK

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

Daily Mirror

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

The Guardian - UK

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

Daily Mirror

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 Independent 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

The Guardian - UK

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

Evening Standard

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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.

Daily Mirror

UK inflation hits 40-year high of 9% as cost of food and energy rockets

Spiralling inflation, fuelled by rising petrol and food prices, is hitting the pockets of UK households with the invasion of Ukraine being blamed for rising oil prices

Manchester Evening News

Inflation hits all-time record high as cost-of-living crisis surges

New data from the Office for National Statistics has revealed the worrying figures

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Bristol Post

Cost of living outpacing wages as salaries fall by biggest amount in a decade

Real terms regular pay fell by nearly two per cent in March alone

Chronicle Live

M&S boss warns shoppers over 'apocalyptic' rising cost of food

The Governor of the Bank of England, Andrew Bailey, described soaring living costs as "apocalyptic"

Daily Mirror

Apocalyptic food prices: Why cost of food is soaring and how to deal with it at home

The Bank of England chief has issued a stark warning about incoming food shortages due to global events, which is resulting in the danger of 'apocalyptic' prices

Evening Standard

Pound jumps as jobs data fuels interest rate bets

THE pound rallied hard today as markets bet that interest rates are now certain to quickly go higher.

Wales Online

Price of food could go up 10% this year says M&S boss

Daily Mirror

Food prices could rocket by 10% this year for struggling Brits, M&S chief warns

M&S chairman Archie Norman said a 10% rise won't be surprising after a warning of 'apocalyptic' food price rises came from the governor of the Bank of England, Andrew Bailey

The National (Scotland)

Tory minister 'surprised' to hear about 'apocalyptic' rise in food prices

A TORY minister has claimed he is “surprised” to hear an “apocalyptic” warning about increases in food prices from the governor of the Bank…

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