'Distinct signs of upturn' for recession-hit economy, Bank of England governor says
Tuesday, 20 February 2024 There are "distinct signs of an upturn" in the UK economy - despite the country tipping into recession late last year, the governor of the Bank of England has said.
The Bank of England’s former chief economist, Andy Haldane, has cautioned that unless the central bank promptly reduces interest rates to alleviate the financial strain on households amid the cost of living crisis, it risks exacerbating the UK’s recession.
Around half the UK's mortgage holders face paying higher rates over the next three years, the Bank of England has warned, as its battle against inflation.. Sky News
The governor of the Bank of England said that the UK must “welcome opportunities to rebuild relations” following Brexit, as he backs the Chancellor’s plans to boost business investment and growth. Andrew Bailey discussed the importance of economic growth at the annual Mansion House speech in the City of London. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Bailey says the decision to cut interest rates has “moved on” from how high rates will go to “how long we have to be here until we cut them”. The Bank of England governor says the MPC..
Tuesday, 20 February 2024
![Andrew Bailey: UK must ‘rebuild relations’ following Brexit [Video]](https://video.newsserve.net/300/v/20241115/1393467086-Andrew-Bailey-UK-must-rebuild-relations-following-Brexit.jpg)
![Bank governor says issue on interest rates has ‘moved on’ [Video]](https://video.newsserve.net/300/v/20240201/1364572440-Bank-governor-says-issue-on-interest-rates-has.jpg)
