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The Latest Breaking News from Jon Cunliffe

Independent water commission chair denies probe into reforms is ‘tinkering’

The largest review of the water sector since privatisation has come under criticism for not going far enough to ensure systemic change.

The Independent UK

Hapless Thames Water is finally drinking in the last chance saloon

Can troubled UK utilities company find any willing suitors after KKR’s 11th-hour abandonment of £4bn bid?

The Guardian - UK

Water sector suffering from ‘deep-rooted’ failures, review warns

The Government-commissioned review calls for reform of laws, regulation and company management and infrastructure.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Water industry in England and Wales needs ‘fundamental reset’, review finds

Report finds ‘deep-rooted, systemic’ failures that need stronger regulation, but critics say it is not bold enough

The Guardian - UK

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

The Guardian - UK

Average water bills likely to hit £2,000 a year by 2050, says Ofwat

Customers in line to pick up cost of vital investment and river cleanups, regulator tells inquiry

The Guardian - UK

BBC Breakfast's Carol Kirkwood Stunned Live On Air After Co-Star's Shocking Jibe!

Carol Kirkwood was left momentarily taken aback when her BBC Breakfast co-presenter, Naga Munchetty, playfully teased her during the live broadcast on Thursday, February 27.

The Fashion Central

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‘People’s commission’ to examine future of water industry in England and Wales

Inquiry set up by academics and campaigners to rival ‘too limited’ government-established commission

The Guardian - UK

New Water Commission must create an environmental enforcer that is feared

The current division of responsibilities between Ofwat, the Environment Agency and Drinking Water Inspectorate hasn’t worked

The Guardian - UK

New commission may ban English water companies from making a profit

Defra body, created to overhaul system amid public fury, may force firms to be run for public good rather than shareholder returns

The Guardian - UK

Water regulator Ofwat could be abolished over sewage scandal as firms push for bill hikes of up to 84%

Thames Water has asked to hike bills by 54%

Evening Standard

Starmer’s bid to fix broken water industry after series of sewage scandals

Campaigners are angry that Labour will not consider renationalising water companies

The Independent UK

Water sector review could include replacing Ofwat amid row over bills and sewage

The UK and Welsh governments announced an independent commission to review the industry and its regulation.

The Independent UK

New frontier for payments could be created, Bank of England boss tells MPs

New technologies could make ‘micropayments’ easier or enable people to programme money so it can only be used in certain ways, Sir Jon Cunliffe said.

The Independent UK

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The Independent UK

Bank of England to run stress tests on pension funds, insurers, and other lenders

More needs to be done to ensure that the non-bank financial sector does not pose a threat to the UK’s financial stability, Bank says

The Guardian - UK

Bank of England officials were excluded from mini-budget discussions

Deputy governor Sir Jon Cunliffe says Bank did not have usual briefing the night before mini-budget

The Guardian - UK

Asos’s global overstretch shows in share price and operating profits plunge

Long-term shareholders would be immeasurably richer if Asos had stayed in the UK, its ‘core operation’

The Independent UK

Kwasi Kwarteng failed to brief Bank of England about risks from mini-budget, MPs told

Bank would have warned of any a threat to ‘financial stability’ – but was in the dark about tax cuts to be unleashed

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The Independent UK

Bank of England pushes back start of gilt sale to November 1

It came after the central bank earlier denied a postponement of plans to start selling government bonds.

Wales Online

UK pension schemes were at risk of collapse in 'unprecedented' impact of budget

The Bank of England has written to the Government explaining why it intervened after market instability

The Guardian - UK

Meltdown averted – but risk of repeat is obvious question Bank needs to answer

BoE has spelt out what was at stake when events last week turned extreme, though surely not unimaginable

The Guardian - UK

Bank confirms pension funds almost collapsed amid market meltdown

Official explains how promise to buy up to £65bn of government debt staved off destructive UK financial spiral

Evening Standard

How the Bank of England saved Liz Truss’s bacon

The stability of Britain’s entire financial system was on line after ‘Kami-Kwasi’ mini-budget

The Independent UK

Bank of England intervention prevented destructive ‘spiral’ after mini-Budget

Threat to pension funds could have triggered ‘widespread financial instability’

The Guardian - UK

Bank of England vows to get inflation back to 2%

Chief economist Huw Pill wants to make strategy plain to the public in hint of more interest rate rises

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