Currently viewing the tag: "Bank of England"

The Wikipedia definition of risk is helpfully succinct:

“Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable outcome).”

The financial services industry is being torn apart by a regulator which is determined to eradicate risk. The Continue Reading

There is an oft-quoted Scottish proverb which might have been on the mind of the Governor of the Bank of England during this last week: “Confession Is Good For The Soul.”

Sir Mervyn King used the first radio talk by a Governor of the Bank of England in peacetime for more than 70 years to [...]

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The Governor of the Bank of England has warned that inflation could rise higher if workers demand pay increases. The story continues:

"His warning came in a letter to George Osborne, the Chancellor, as the Bank unveiled a sharp rise in inflation, taking some economists by surprise.

[...]

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The madness continues

On January 13, 2011 By

Image via Wikipedia

The Bank of England has kept interest rates at just 0.5pc, where they have been since March 2009. Quantitative easing was also unchanged at £200bn, despite increasing concern about high rates of inflation. So the Keynesian economics continues, despite the fact [...]

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Image by Sokwanele – Zimbabwe via Flickr

Channel 4 recently aired an excellent hour-long program called Britain’s Trillion-Pound Horror Story, discussing the state of the British economy. It revealed the true scale of the debt, explained how we got into this situation [...]

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