Saturday, 20 April 2019

Tag Archives: Bank of England

Bank of England keeps interest rates on hold

LONDON: The Bank of England has kept its main interest rate unchanged at 0.50 percent, a month after increasing borrowing costs for the first time in a decade to contain a rise inflation stoked by last year’s Brexit vote. Thursday’s decision was unanimous in the bank’s nine-strong policy committee. It ...

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Bank of England pay gap caused by shortage of women

LONDON: The Bank of England has defended its efforts to boost diversity despite unveiling a gender pay gap of 21%. While the Bank’s male and female staff are paid the same, the higher proportion of men in senior positions means there is a gap in the average hourly earnings. On ...

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UK GDP: Growth figures raise chances of rate rise

LONDON: The UK’s economy had higher than expected growth in the three months to September – increasing the chances of a rise in interest rates in November. Gross domestic product (GDP) for the quarter rose by 0.4%, compared with 0.3% in each of 2017’s first two quarters, according to latest ...

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UK house prices hit their highest on record

LONDON: The average UK house price hit £225,109 in September – its highest on record, according to a closely-watched survey. Halifax’s house price index showed prices grew at their fastest rate since February in the three months to September, rising 1.4 per cent on the previous three months. On an ...

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Bank of England staff to hold first strike in 50 years

LONDON: Trade union members at the Bank of England, Britain’s Central Bank, will go ahead with the first strike action by staff for over 50 years on Tuesday, the Unite union said on Monday. Last-minute talks facilitated by a government-run arbitrator failed to resolve the pay dispute with the bank, ...

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Warning over fake new £5 notes

LONDON: An investigation has been launched by the Bank of England into fake new £5 notes. The central bank has admitted there have been cases of the design being passed off on paper and police have warned about fake notes being in circulation. The new polymer format, which was launched ...

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UK business morale hits 18-month high in the fourth quarter

  LONDON: Morale in large British companies hit an 18-month high in the fourth quarter, bolstered by robust economic growth and recovering fully from a slump that followed the Brexit vote, a survey showed on Thursday. However, uncertainty about Britain’s divorce from the European Union meant businesses were still loath ...

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UK in pictures 2016

In January, singer David Bowie, one of the most influential musicians of his era, died of cancer at the age of 69. Fans laid flowers in the singer’s memory at a mural in Brixton and some months later the council announced it was to be listed to ensure its long-term ...

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Bank of England leaves UK interest rates on hold at 0.25%

The Bank of England has left interest rates at their record low of 0.25% but repeated a warning that higher inflation and slower wage growth risk squeezing household budgets and spending next year. The Bank’s nine-strong monetary policy committee voted unanimously to keep rates on hold and maintain the current ...

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