6 articles
• via GB News
Bank of England data records the sharpest private-sector job drop since mid-2021, with unemployment at 5%. Policy chaos across governments erodes business confidence and labour market stability.
• via BBC News
The Bank of England's narrow decision to hold rates at 4% reveals internal rifts and fiscal uncertainties, prolonging high borrowing costs for households despite easing inflation. This cautionary stance highlights persistent economic vulnerabilities across political cycles.
• via Sky News
In a rare moment of candour, Bank of England Governor Andrew Bailey has acknowledged that Brexit will inflict permanent damage on the UK's economic growth. This admission highlights years of institutional silence and the harsh realities facing Britain's economy post-Brexit.
• via Sky News
The recent turmoil in the UK bond market is a stark reminder that the Bank of England's independence is a thing of the past. As the government grapples with rising borrowing costs and a faltering economy, the central bank's ability to act as a credible counterweight has been severely undermined.
• via The Guardian
The Bank of England's latest survey reveals UK businesses are cutting jobs at the fastest rate in four years, a direct consequence of Chancellor Rachel Reeves' £25bn employer National Insurance raid. Despite promises of economic growth, the government's policies are systematically destroying the productive capacity they claim to champion.
• via When the Facts Change
Britain's central bank has lost its credibility, and the markets are reacting accordingly. The recent interest rate cut is a clear signal that the Bank of England is no longer the independent institution it once was.