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The Latest Breaking News from Andrew Bailey

Interest rates: Why have they been cut and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

Evening Standard

Bank of England cuts rates as governor welcomes UK-US trade deal

Interest rates were cut from 4.5% to their lowest level since May 2023, in their fourth reduction over the past year.

Evening Standard

UK economy faces growth shock from Trump tariffs, says Bank governor

Andrew Bailey says UK not close to recession but he would be ‘encouraged’ if trade deal with US were agreed

The Guardian - UK

From analysis to the latest developments in health,
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IMF urges global leaders to resolve trade tensions rapidly, as China tells US to ‘cancel all unilateral tariffs’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

UK must take impact of trade wars ‘very seriously’, says Bank governor

Andrew Bailey said the central bank is currently ‘working through’ the implications of US President Donald Trump’s tariff plans.

Evening Standard

Fewer People Support Censoring False Information Online

Support for suppressing "violent content" has also dropped.

Reason

Rachel Reeves Breaks Silence After Market Chaos — Here’s What She Told the Bank of England

Amid the global financial jitters triggered by Donald Trump’s latest tariffs, Rachel Reeves has stepped up to reassure the public.

The Fashion Central

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Britain needs to be AI-ready to keep up with the rest of the world

Research shows only only 10% of UK organisations are fully prepared to harness AI’s potential.

Evening Standard

Spring Statement: Rachel Reeves needs AI to 'move needle' on economic growth, says Bank of England governor

The UK’s economy has been flatlining

Evening Standard

Reeves to put £2bn into affordable housing to ‘sweeten the pill’ of cuts

Chancellor will announce plans to fund 18,000 social homes before fraught spring statement on Wednesday

The Guardian - UK

Bank of England governor calls for co-operation amid tariff war

Andrew Bailey was speaking after the Bank voted to hold interest rates last week while policymakers assess the impact of US trade tariffs.

Evening Standard

Bank of England keeps benchmark interest rate stable at 4.5%

The central bank's decision comes amid rising uncertainty over the UK's economic growth, especially as US tariff threats loom.

Euronews

BoE Warns On 'Economic Uncertainty' As Rate Held

The Bank of England kept its key interest rate at 4.5 percent Thursday, as it warned of "a lot of economic uncertainty" caused largely by US President Donald Trump's tariffs.

International Business Times

Bombshells and revelations: how the Jes Staley evidence unfolded

Ex-Barclays CEO’s admission that he had sex with Jeffrey Epstein employee is among details to emerge in court

The Guardian - UK

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Evening Standard

Trump’s fresh steel tariffs threaten UK growth hopes, warn business groups

Experts warned against ‘the siren calls of protectionism’ amid fears the latest trade war escalation could derail economic growth.

The Independent UK

Missouri plans to seize assets to make China pay a $24.5 billion judgment, but can it collect?

Missouri’s attorney general is threatening to seize Chinese assets across the U.S. to collect $24.5 billion awarded in a lawsuit against China stemming from the COVID-19 pandemic

The Guardian - UK

Barclays chair did not ask Staley if he was in touch with Epstein before ruling it out to FCA, court hears

Nigel Higgins agrees with lawyer that some of Staley’s ‘affectionate’ emails might seem ‘odd to an Englishman’

The Independent UK

Biden accused of using autosignature on official White House documents

Presidents, including Donald Trump, have been using automatic signatures to sign documents since the Obama administration

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The Guardian - UK

Andrew Bailey was accused by Barclays chair of having ‘destroyed’ Jes Staley, court hears

Nigel Higgins asked if FCA would drop investigation into Staley’s relationship with Epstein if CEO quit

Evening Standard

Bank of England head had ‘clear impression’ that Staley was ‘close’ to Epstein

Andrew Bailey, who was chief executive of the Financial Conduct Authority from 2016 to 2020, appeared at the Upper Tribunal in London on Friday.

The Independent UK

Ex-Barclays boss had ‘close relationship’ with paedophile Jeffrey Epstein, according to Bank of England governor

The governor of the Bank of England Andrew Bailey gave evidence about Jes Staley’s relationship with Epstein

The Guardian - UK

Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank

Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies

Evening Standard

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs

Governor Andrew Bailey cautioned over the ‘major shift’ going on in the US after President Trump imposed trade tariffs on various countries.

The Independent UK

Trump’s tariff plans will hit UK economy, top economists warn

The chancellor is plotting billions of pounds of spending cuts as economists warn Donald Trump’s tariffs will throw her growth plans into a spin

The Guardian - UK

Starmer highlights UK’s war record in implicit rebuke to Vance as Lib Dems mock Badenoch for defending him – as it happened

Interventions follow US vice president’s comments about ‘20,000 troops from some random country that has not fought a war in 40 years’

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