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The Latest Breaking News from Andrew Bailey

Rates may need to rise further but ‘nothing is decided’, says Bank boss

Bank of England governor Andrew Bailey said inflation is ‘much too high’ despite recent easing in the cost of living.

The Independent UK

Bank of England chief signals interest rates may have peaked; mortgage approvals and house prices fall – as it happened

UK house prices fall year-on-year for first time since June 2020; consumer credit doubles as people borrow more on credit cards amid cost of living crisis

The Guardian - UK

St. Louis prosecutor faces mounting criticism over crash

Missouri Republicans who want the state to take over prosecutions of violent crimes in St. Louis are sharply criticizing the city’s embattled prosecutor after a teenage volleyball player from Tennessee lost her legs in a crash caused by a speeding driver facing felony charges

The Independent UK

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St. Louis prosecutor Kim Gardner calls removal attempt a 'political stunt,' defends handling of case

ST. LOUIS — Circuit Attorney Kimberly M. Gardner spurned an ultimatum from Missouri’s attorney general on Thursday, declining to step down and claiming that calls for her resignation are a “political stunt.”

St. Louis Post-Dispatch

Teen athlete loses legs; St. Louis prosecutor under scrutiny

Beyond the grief after a teenage volleyball player from Tennessee lost both legs following an accident in downtown St. Louis, her family and those around them are left to wonder why the driver responsible for the wreck was able to get behind the wheels of a car

The Independent UK

Teen athlete loses legs in crash; prosecutor asked to resign

The Missouri attorney general is calling for the resignation of a St. Louis prosecutor — after a motorist who repeatedly violated his bond conditions crashed and injured a teenage volleyball player who had to have both of her legs amputated

The Independent UK

Missouri activists seek more wrongful conviction hearings

As racial justice activists in Missouri celebrate the overturned conviction of Lamar Johnson, they’re questioning why other inmates with credible innocence claims aren’t getting the chance to make their cases in court

The Independent UK

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‘Disaster’ is right: Brexit is a self-inflicted wound that cuts dangerously deep

Quitting the EU has stalled business investment, making us reliant on workers who are now scarce. Hence rising wages, high inflation and increased interest rates. Result? A looming recession

The Guardian - UK

Missouri officials investigate transgender youth clinic

Missouri officials are investigating whistleblower complaints that a transgender health center rushed children through gender-affirming care

The Independent UK

UK interest rates are too high and may need cut – Bank of England’s Tenreyro

Policymaker highlights split in rate-setting committee, saying inflation is on track to fall

The Guardian - UK

Inflation ‘guaranteed’ to fall in 2023 unless new global shock hits, says Andrew Bailey

The Bank of England’s governor told MPs he is ‘concerned’ about the continued persistence of inflation, but expects the rate to halve this year

Evening Standard

Watch: MPs question Bank of England’s Andrew Bailey on interest and inflation rates

Bank of England governor Andrew Bailey was questioned by MPs on rising interest and inflation rates.

The Independent UK

‘Britcoin’ digital currency could be in use by end of decade

Bank of England and Treasury weigh up issues involved with creating digital pound

The Guardian - UK

We’ve avoided recession for now, but the outlook is one of perma-gloom

December’s GDP was boosted by us all cranking up the heating. Actual economic growth has not looked so weak in decades

The Guardian - UK

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Daily Record

New Bank of England interest rates rise impact on future mortgage payments and soaring inflation

The base rate increased from 3.5% to 4% to help bring double-digit inflation under control.

The Guardian - UK

FTSE 100 hits all-time high after US jobs report beats forecasts – as it happened

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

The Guardian - UK

Will the interest rate rise trigger a stampede for tracker mortgages?

Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandary

The Independent UK

Digital pound has ‘risks but no obvious benefits’, says ex-Bank of England chief

Lord King of Lothbury stresses the need to be selective and ‘not driven by a misplaced enthusiasm for all things crypto’.

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news in one place.

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The Independent UK

Bank of England raises interest rates again in 10th consecutive hike

Central bank Monetary Policy Committee announces another 0.5 per cent increase to base rate

Birmingham Post

Interest rates rise to 4% as Bank of England prepares for 'shallow' recession

Monetary Policy Committee says inflation may have peaked in the UK

The Independent UK

20 attorneys general warn Walgreens, CVS over abortion pills

Attorneys general in 20 conservative-led states are warning CVS and Walgreens that they could face legal consequences if they sell abortion pills by mail in those states

Birmingham Post

Bank of England Governor in cryptocurrency warning

Andrew Bailey said people holding unbacked crypto could lose all their money while the BoE remains committed to cash

Evening Standard

Bank of England governor Andrew Bailey tips inflation to fall ‘quite rapidly’ in late spring

Andrew Bailey said lower energy prices will help drive down inflation in coming months

Wales Online

Inflation set to fall 'quite rapidly' in coming months as 'a corner has been turned'

The Governor of the Bank of England said it was likely due to energy pricing

Evening Standard

BofE Governor Bailey insists ‘corner has been turned’ on inflation

Central Bank chief hints that interest rates may peak at 4.5%

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