Blog posts tagged "Mervyn King"

February 15, 2012 12:49 pm 3 Comments

The Governor of the Bank of England today predicted further quarters of negative GDP growth this year following the latest -0.2% slump recorded in the last quarter of last year. Britain’s economy is likely to “zig-zag” between positive and negative growth said the Governor, introducing the Bank’s quarterly economic healthcheck. Sir Mervyn said that the [...]

January 24, 2012 8:52 pm 4 Comments

It is the Bank of England governor's piercing assault on bankers that sticks in the mind from today's important speech in Brighton. He doesnt quite join Occupy the City, but he does suggest that British capitalism's very legitimacy is up for grabs if bankers go too far on pay.

November 19, 2011 2:53 pm 21 Comments

On Monday, David Cameron will announce a significant housing scheme including some sort of mortgage indemnity scheme for new build homes. There are many many questions about such a well-intentioned scheme designed to help rebuild the broken lower rungs of Britain's housing market.

October 11, 2011 5:57 pm 6 Comments

The poverty projections released by the IFS and the Joseph Rowntree Trust today are pretty shocking. They are well-covered elsewhere. I would point to two things. One in four children are set to be living in absolute poverty by 2020. The Coalition inherited about one in six children in absolute poverty. the Government’s target under [...]

October 3, 2011 2:37 pm 9 Comments

Chancellor George Osborne's announcement that he will use "credit easing" to get the British economy moving will involve risk of loss to the public purse, blogs Faisal Islam. But not yet.

February 23, 2011 7:24 pm 4 Comments

Interest rate: the benefit of hindsight reveal Mervyn King he was doing a Mourinho: lashing out at the external press conference in order to deflect attention from his unprecedented splits on his team.

February 16, 2011 6:31 pm 13 Comments

Our Economics Editor asks what was behind Mervyn King's "Betty-both-ways" presentation of interest rate options at the Bank of England's launch of its Inflation Report.

February 15, 2011 11:21 am 9 Comments

Economics Editor Faisal Islam analyses the latest inflation figures and says an interest rate rise is likely in four or five months

August 11, 2010 1:37 pm 6 Comments

So the Bank of England has downgraded its central prognosis for UK growth by almost one percentage point in 2011 – from 3.4 per cent in May to about 2.5 per cent. And its central inflation forecast has nearly doubled for 2011 from 1.4 per cent to around 2.8 per cent. So both main gauges [...]

August 5, 2010 5:02 pm 2 Comments

Faisal Islam blogs on how the banks still face long-term funding problems, despite unveiling big profits this week.