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United States

Andy Bruce

Bank of England to set new rules on climate risk: Carney

Mar 21 2019

LONDON The Bank of England will soon spell out how it wants banks, insurers and investment companies to manage the financial risks from climate change, Governor Mark Carney said on Thursday.

Bank of England keeps rates on hold as businesses brace for no-deal Brexit

Mar 21 2019

LONDON, March 21 - The Bank of England kept interest rates steady on Thursday and said most businesses felt as ready as they could be for a no-deal Brexit that would likely hammer economic growth and jobs.

UK shoppers keep on spending as Brexit approaches

Mar 21 2019

LONDON British retailers racked up surprisingly strong sales last month, reinforcing how spending by consumers is a bright spot for the economy ahead of Brexit.

UK inflation up, London house prices fall by most since 2009

Mar 20 2019

LONDON Britain's main inflation rate ticked up last month but stayed close to January's two-year low, helping consumers maintain their spending power as wage growth also picked up, even though the timing of Brexit remained uncertain.

Brexit delay for what? EU leaders want answers, Ireland says

Mar 15 2019

LONDON Many European Union leaders want a clear idea of how Britain would use any extension to the Brexit process before granting a delay, Irish finance minister Paschal Donohoe said on Friday.

Brexit delay for what? EU leaders want answers, Ireland says

Mar 15 2019

LONDON Many European Union leaders want a clear idea of how Britain would use any extension to the Brexit process before granting a delay, Irish finance minister Paschal Donohoe said on Friday.

Hammond offers more spending, lower taxes if a Brexit deal is done

Mar 13 2019

LONDON British finance minister Philip Hammond said on Wednesday he could free billions of pounds for extra public spending or tax cuts, as long as parliament resolves its Brexit impasse.

Interview: UK debt agency boss struck by gilt market calm in Brexit storm

Mar 13 2019

LONDON The head of Britain's debt agency said on Wednesday he was struck by the calm in the government bond market ahead of Brexit which remains scheduled to take place in just over a fortnight's time.

Brexit set to hurt UK investment for years - BoE's Haskel

Mar 11 2019

BIRMINGHAM, England British business investment will probably stay weak for the next few years because of uncertainty linked to Brexit, a Bank of England interest-rate setter said, calling into question suggestions of a Brexit deal "dividend" by the finance minister.

BoE most likely to cut rates in a no-deal Brexit - Tenreyro

Mar 08 2019

LONDON The Bank of England is more likely to cut interest rates than raise them in the event of a no-deal Brexit, rate-setter Silvana Tenreyro said, the latest BoE official to back the idea of coming to the economy's rescue if it suffers a Brexit shock.

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