Banks have been making headlines due to various economic indicators and policy decisions affecting interest rates and inflation. The Bank of England has been closely watched for its response to economic challenges, such as the UK's exit from recession and the impact of inflation on monetary policy. The government's borrowing levels and fiscal strategies have also been under scrutiny, particularly in light of the economic recovery post-pandemic.
Banks play a crucial role in the economy by accepting deposits, providing loans, and facilitating financial transactions. Central banks, like the Bank of England, regulate the money supply and interest rates to control inflation and support economic growth. Commercial banks serve individuals and businesses by offering a range of financial services, including savings and checking accounts, loans, and investments. The global banking system is interconnected, with banks operating across borders and playing a key role in international trade and finance.
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Ministers ramp up anti-welfare rhetoric a day after data showed increase in UK unemployment
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A group of 44 Tory MPs have criticised the Bank’s handling of inflation and quantitative tightening, saying it has cost taxpayers thousands.
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The bank's governor says expanding its Leeds base would enable it to "better represent the public".
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The prime minister says "there is more work to do" as the UK emerges from recession.
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Huw Pill also said there is ‘some way to go’ in getting and keeping inflation to the Bank’s 2% target.
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Britain’s economy has escaped recession after the economy grew at the start of the year, official figures show.
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At a Holocaust Remembrance Ceremony, the Louisiana Republican compared the protests on U.S. campuses to what happened at institutions of higher learning in Germany during World War II.
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Data is expected this week to show the UK is out of recession - but it is also likely that the Bank of England will hold interest rates and keep the base rate cost of borrowing at 5.25%.
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Government borrowed £120bn in the last financial year, with just under £12bn in March
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Our former PM has a dire warning and a book to sell, but it isn’t really cutting through. A bit more Brit-style bumbling might help, says Guardian columnist Emma Brockes
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Prof Corinne Fowler’s report into colonial history sparked a furore about ‘wokeness’ and heritage. We join her on one of the routes from her book of rural walks that highlight how all our lives are entwined with colonialism
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It’s still unclear how the world will pay for developing nations to fight climate change.
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Pay growth is stronger than expected, underlining dilemma over when to cut interest rates
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The anti-growth coalition, Bank of England and the OBR are among those under fire from Liz Truss
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It came days after Former Prime Minister Liz Truss said she wants to “see the back” of the fiscal watchdog.
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Governor Andrew Bailey said things are ‘moving in the right direction’.
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The decision to leave rates unchanged for a fifth time comes despite UK recession and steep fall in inflation in recent months
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UK inflation fell back by more than expected last month to the lowest level in more than two years as the growth in food prices eased for cash-strapped households, official figures have shown.
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At a roundtable, policymakers and experts discussed how a Labour government might deliver on its net-zero agenda.
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Japan's central bank has raised its benchmark interest rate for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy