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16 Mar 21
The Bank of England is looking at “new tools” to guide the UK economy out of the crisis caused by Covid-19, according to governor Andrew Bailey.
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3 Mar 21
The newly announced UK Infrastructure Bank will offer £4bn of loan to authorities at the same interest cost as local infrastructure rates formerly offered through the Public Works Loan Board.
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2 Mar 21
Councils will gain access to £4bn worth of loans for capital projects from the new UK Infrastructure Bank - although experts have raised questions about the lending rate.
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2 Mar 21
Chancellor Rishi Sunak this week said a one percentage point rise in interest rates would add £25bn a year to the government’s debt servicing costs. So why isn’t the Treasury relieving the pressure...
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26 Feb 21
The Treasury has completed the sale of Bradford and Bingley and NRAM, formerly Northern Rock, for £5bn, after the banks were brought under government control during the financial crisis.
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5 Feb 21
The Bank of England has written to banks asking them to take measures to prepare for any future decision to cut interest rates below zero later this year.
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3 Feb 21
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2 Feb 21
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14 Jan 21
The Bank of England needs to improve its own understanding of its quantitative easing programme to improve its effectiveness, according to the bank’s internal watchdog.
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11 Jan 21
The Treasury has confirmed that its Dormant Assets Scheme is to be expanded to cover accounts in insurance, pensions, investment, wealth management and securities sectors.
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27 Nov 20
Reforms to the system of accessing Public Works Loan Board borrowing increase the importance of good decision-making by council section 151 officers, says David Blake.
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25 Nov 20
Warrington Borough Council is set to become the second local authority to launch a bond through the Municipal Bonds Agency.
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25 Nov 20
The government has reversed its October 2019 hike in the Public Works Loan Board borrowing rate and introduced a ‘ban’ on councils borrowing to raise revenue from commercial property.
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20 Nov 20
The government borrowed a record £214bn between April and October – although the figure was £77bn less than projections by the Office for Budget Responsibility.
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18 Nov 20
Monetary policy will attempt to combat long-term scarring to UK GDP from Covid-19 forecast at £40bn a year, according to a deputy governor of the Bank of England.
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5 Nov 20
The Bank of England has announced plans for another £150bn of quantitative easing, as Covid-19 impacts further on the UK’s economic recovery.
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18 Oct 20
Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
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12 Oct 20
The Bank of England has asked UK banks to assess their readiness if interest rates are reduced to zero or below.
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29 Sep 20
The UK is unlikely to see negative interest rates “imminently”, according to David Ramsden, deputy governor for markets and banking at the Bank of England.
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8 Sep 20
The creation of an infrastructure bank to help offset lost European Investment Bank funding will be crucial to economic recovery according to consultancy firm Bidwells.
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24 Aug 20
As more service users are brought into the process of designing services, funding decisions must be devolved to the local level
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24 Jul 20
The Treasury is looking into the potential of an infrastructure bank, to help offset the funding loss from European Investment Bank, according to a report.
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24 Jul 20
The financial system that emerged from separation of debit and credit in the 14th century seems to be nearing the end of its useful life, says David Kauders.
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21 Jul 20
Bank of England chief economist Andy Haldane has suggested negative interest rates could be implemented if further negative shocks are felt in the economy.
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14 Jul 20
The government may need to rethink its fiscal policy strategy to account for economic shocks happening more frequently than previously assumed, according to the Office for Budget Responsibility.
16 Mar 21The Bank of England is looking at “new tools” to guide the UK economy out of the crisis caused by Covid-19, according to governor Andrew Bailey.
3 Mar 21The newly announced UK Infrastructure Bank will offer £4bn of loan to authorities at the same interest cost as local infrastructure rates formerly offered through the Public Works Loan Board.
2 Mar 21Councils will gain access to £4bn worth of loans for capital projects from the new UK Infrastructure Bank - although experts have raised questions about the lending rate.
2 Mar 21Chancellor Rishi Sunak this week said a one percentage point rise in interest rates would add £25bn a year to the government’s debt servicing costs. So why isn’t the Treasury relieving the pressure...
26 Feb 21The Treasury has completed the sale of Bradford and Bingley and NRAM, formerly Northern Rock, for £5bn, after the banks were brought under government control during the financial crisis.
5 Feb 21The Bank of England has written to banks asking them to take measures to prepare for any future decision to cut interest rates below zero later this year.
3 Feb 21
2 Feb 21
27 Nov 20Reforms to the system of accessing Public Works Loan Board borrowing increase the importance of good decision-making by council section 151 officers, says David Blake.
25 Nov 20Warrington Borough Council is set to become the second local authority to launch a bond through the Municipal Bonds Agency.
25 Nov 20The government has reversed its October 2019 hike in the Public Works Loan Board borrowing rate and introduced a ‘ban’ on councils borrowing to raise revenue from commercial property.
18 Oct 20Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
8 Sep 20The creation of an infrastructure bank to help offset lost European Investment Bank funding will be crucial to economic recovery according to consultancy firm Bidwells.
24 Aug 20As more service users are brought into the process of designing services, funding decisions must be devolved to the local level
24 Jul 20The Treasury is looking into the potential of an infrastructure bank, to help offset the funding loss from European Investment Bank, according to a report.
28 Sep 21
7 Jul 21 to 8 Jul 21
