Interest rates

The interest rate rise is a tiptoe back towards the economic normality we have almost forgotten

2 November 2017 16:14

There are occasions when an apparently negative economic indicator is also in some sense positive. September’s 9 per cent drop…

The Bank of England has finally raised interest rates. More, please

2 November 2017 12:57

Finally, interest rates are back on their way up. The Bank of England’s rise today – from 0.25 per cent…

The Bank of England can’t remain in its ‘Brexit’ parallel universe forever

15 September 2017 12:04

House prices are in freefall. Unemployment is rising relentlessly. The pound is plunging on the markets, and companies are re-locating…

If the Fed kick-starts global rate rises, the UK shouldn’t be left behind

13 December 2016 12:20

One is growing at 2.9 percent, the other at 2.1 percent. In one retail sales are growing at 1 percent,…

Savers paying the price as the country meanders towards Brexit

9 September 2016 11:33

Oh to be a saver in a country currently run by Bank of England boss Mark Carney. Oh dear, indeed.…

The Bank of England has just taken a huge risk – on a Brexit boom

4 August 2016 16:00

Plunging output. The FTSE in freefall. A financial collapse. Unemployment rising rapidly and trade falling off a cliff. At first…

Money digest: Bad news for savers, good news for borrowers

2 August 2016 10:57

Savings accounts are disappearing rapidly as the expected cut to the base rate draws closer, says the Guardian. Moneyfacts, a…

Money digest: Britain braced for ‘Super Thursday’ interest rate cut

1 August 2016 10:44

Britain’s financial status could be downgraded this week amid reports the Bank of England will cut interest rates on Thursday. The…

The Bank of England should butt out of the Brexit debate

14 April 2016 12:54

Unelected. Technocratic. Exercising a great deal of power over people’s lives, without much in the way of accountability. Staffed by…

Mark Carney abandons even a hint of interest rate rise. Is Britain trapped in the zero era?

19 January 2016 15:20

It’s just as well that Mark Carney is Bank of England governor: he’d have made a lousy forecaster. In August 2013 he…

The real ‘Super Thursday’ will be when interest rates rise

6 August 2015 12:23

Turn-up. Eat lunch. Swap a few pleasantries with the other people in the room, leave interest rates on hold, and…

Why can’t we have an inflation index which includes house prices?

21 May 2015 10:49

The cost of living, the Office of National Statistics (ONS) reported on Tuesday, has fallen by 0.1 per cent over…

People are avoiding retirement because of low interest rates. Who can blame them?

14 May 2015 17:11

‘Bank of England says that migrants are holding down wages’ the headlines screamed this morning. Yet Mark Carney, when interviewed…

Mortgage rates stand at record lows – so why won’t George Osborne boast about it?

10 February 2015 16:40

Under George Osborne, borrowing costs have fallen to record lows – as data released by the Bank of England today…

The British economic recovery, in 12 graphs

23 January 2015 14:48

Everything seems to be falling into place ahead of the election for the Tories. Today’s data shows high street spending…

The Spectator’s portrait of the week

22 October 2014 17:58

This is a sneak preview from tomorrow’s magazine: Home A hundred firemen could not prevent wooden cooling towers at Didcot…

Interest rates are poised to rise – which means we’ll find out how much of the recovery is real

13 June 2014 16:10

Mark Carney’s hefty hint that interest rates could rise sooner than markets anticipate is politically awkward but important, as until…

The politics of interest rates

14 May 2014 8:36

The Bank of England’s inflation report will be published later this morning, which will reveal how strong the bank believes…

Inflation falls again

15 April 2014 10:06

Wages in the private sector are now rising faster than inflation. The latest CPI inflation figures show that it now…

Pension reforms are vital to encourage saving. But what about everyone else?

23 March 2014 13:16

‘This reform is about treating people as adults’ — according to the Pensions Minister Steve Webb. The announcement of a…

Budget 2014: Who benefits from Osborne’s savings revolution?

19 March 2014 16:55

The most obvious beneficiaries of George Osborne’s savings package are pensioners. They now can buy government bonds with an interest…

Budget 2014: George Osborne’s pensions revolution

19 March 2014 14:27

This will take a while to sink in – we simply have never seen this before in a Budget. George…

The economy is booming, says the Bank of England. So why won’t it raise rates?

13 November 2013 12:13

Yet another survey suggests that Britain is booming – this time, it’s from the Bank of England’s Monetary Policy Committee.…

Interest rates set to stay low for the foreseeable future

7 August 2013 11:20

Mark Carney made his mark this morning. Moments ago, he opened his inflation report and issued his ‘forward guidance’, which…

The Bank of England panics and misses the point

27 February 2013 15:55

Wonders never cease. I awoke this morning to hear that the Deputy Governor, Paul Tucker, had announced that consideration should…