United Kingdom
Staff morale inquiry at BoE could take 6 months
An inquiry into ailing staff morale at Britain's central bank ought to be completed within six months, a member of its governing body said on Tuesday.
Interview: Howard Davies
Following the passage of the Financial Services and Markets Act, the UK'sFinancial Services Authority is gearing up to assume full legal powers as the UK'ssingle regulator. In an exclusive interview, Howard Davies, FSA chairman andchief executive,…
Principles for financial plumbers
Payment systems, the "plumbing" underpinning international capital markets, aretoo often ignored. John Trundle from the Bank of England, who recently helpeddevise new standards for payment system safety, explains what changes areneeded in the latest…
BoE worries about banks exposure to telecoms
The Bank of England is expected to express concern at the level of debt run up by telecoms companies, the UK's Telegraph newspaper said on Monday.
Euro too weak for Britain - BoE's governor
Governor of the Bank of England Sir Edward George said Sunday that Britain cannot afford to contemplate joining the euro until it strengthens.
Crisis mgmt hit by joining euro, UK Lords say
The government's ability to manage the economy in a crisis could be hamstrung if Britain joins the euro, a House of Lords committee warned today.
UK supervisor warns banks over telecom exposure
Britain's financial regulator on Thursday intensified pressure on banks to display vigilance in managing their multi-billion dollar exposure to the telecom sector.
Problem with BOE inflation forecast, says Fed Kohn
The Bank of England's forecast round and quarterly Inflation Report don't present a clear picture to policymakers, markets or the wider public, Don Kohn, director of monetary affairs at the US Federal Reserve Board in Washington, said Wednesday.
BoE Allsopp - tighter fiscal stance needed
The British government should tighten its tax and spending plans if it wants lower interest rates, Bank of England rate-setter Christopher Allsopp said in a book published Monday.
Bank urges balancing act over payments competition
The Bank of England has warned the UK government that its plans to increase competition in the payments business must be balanced by the need to preserve the stability of the financial system.
Fed helps Bank with rate study
The Bank of England, the UK central bank, has commissioned an investigation by a senior official of the US Federal Reserve to assess the way it sets interest rates, says an article in today's Financial Times.
Union to sue Bank of England over staff sackings
Unifi, the finance trade union, is to take the Bank of England to an industrial tribunal on behalf of six sacked employees who refused to sign 'inferior' employment contracts.
Bank of England warns on tax cuts
The Bank of England, the UK central bank, has warned that it is premature to rule out further interest rate rises and threatened an immediate response if the government makes big pre-election tax cuts.
Euro more likely to recover than weaken-BoE's King
Europe's single currency was more likely to recover against other key currencies than to fall further, Mervyn King, deputy governor of the Bank of England, said on Tuesday.
BOE: Joining euro means return to tax and spend
Sir Eddie George, the governor of the Bank of England, said that the government would have to rely more on taxation and spending policy to control the economy if Britain joined the euro.
Probe begins at Bank into declining staff morale
The governing court of the Bank of England has ordered an investigation into falling morale at the Bank, following the introduction of a controversial new benefits package for staff.
Diusenberg says UK euro tests are irrevelant
European Central Bank chief Wim Duisenberg today dismissed Gordon Brown's five economic tests for joining the single currency as irrelevant and insisted that Britain would have to join the European exchange rate mechanism for two years before adopting…
IMF warns Brown not to increase spending
The International Monetary Fund's report on the health of the UK economy, published yesterday by the Treasury, warned Gordon Brown, the UK Chancellor, that private spending needs to slow down before the economy can accommodate an increase in public…
UK's MPC voted 9-0 for unchanged rates in November
The Bank of England's monetary policy committee (MPC) voted unanimously for a second month running in November to leave interest rates unchanged at 6%.
BoE issues inflation warning on wages
The Bank of England has released a report, co-written by chief economist Charlie Bean and other bank staff, warning that an increase in the share of national income being taken by wages may lead to a rise in inflation.
Easing of Yugoslav sanctions by BOE
The Bank of England has eased financial sanctions against the Federal Republic of Yugoslavia and Serbia following the publication of an EC regulation.
Slow integration of European equity markets
Sir Eddie George, Governor of the Bank of England, said to UK parliamentarians that European equity market integration will take time.
George says euro is substantially undervalued
Bank of England governor Eddie George said in a speech in Paris on Tuesday that the euro is substantially undervalued in terms of the medium-term 'fundamentals'.
John Nugee goes to State Street
John Nugee, the head of reserve management at the Bank of England, has moved to State Street. Paul Chilcott is the new chief reserve manager.