Andy Haldane, chief economist of the Bank of England, caused waves on the foreign exchanges yesterday after he disagreed with the Bank’s governor by suggesting interest rates should go up.
It will be the first case of its kind in Britain: four senior bankers facing criminal charges over their money-raising operations during the 2008 financial crash. After a five-year investigation, the Serious Fraud Office has accused the men – and the bank itself – of fraud over arrangements with Qatari investors to help Barclays Bank…
Former Treasury Chief Secretary, Labour MP Liam Byrne, and Financial Times US editor Gillian Tett discuss the Barclays fraud allegations.
Nine years on from the crash, Barclays Bank and four former top executives are charged with committing criminal fraud.
Siobhan Kennedy
It’s difficult to overstate the significance of the Serious Fraud Office’s charges against Barclays PLC and the four senior Barclays bankers- including John Varley, its former boss and one of the most high profile names in the City.
A tumultuous night on the markets: the pound has slid still further against the dollar and the Euro – although the result has sent share prices up.
The boss of British Airways has insisted that outsourcing jobs and cost cutting was not to blame for the ‘catastrophic’ computer system failure which left tens of thousands of passengers stranded. He has insisted he would be staying in his job.
At Heathrow passengers still face disruption following BA’s global computer system crash. The company’s CEO today apologised and said the airline hoped to operate a “near normal schedule” at Gatwick and the “majority of services” from Heathrow.
The think-tank, the Institute for Fiscal Studies, has said both the Conservatives and the Labour Party aren’t being honest about the economic consequences of their manifesto proposals. It didn’t look at the manifestos of the Lib Dems, Ukip and other parties. The IFS warned that the Tories’ pledges to boost NHS spending may well be…
The social media giant Facebook is facing new scrutiny over the way it moderates potentially harmful or dangerous content, after its secret guidelines for staff and moderates were leaked to the press, revealing huge inconsistencies over issues like violence, sexual images and hate speech. The company says with such a diverse global community there will…
The business case set out in the Tory manifesto aims for a balanced budget by 2025, ten years behind the original deadline set by David Cameron.
Siobhan Kennedy
The plan had been for the Chancellor and the Lloyds bank boss Antonio Horta-Osorio to go on a walkabout at an apprenticeship training centre in Coventry. A mutual back-slapping moment to celebrate, almost a decade on, the return of the once beleaguered Lloyds into private ownership. But the general election happened and purdah rules knocked…
Economics Correspondent Helia Ebrahimi has been going through the figures in detail and looking at the effect of Labour’s tax plans on business.
If there is a constant theme to our modern political times – then it is the steady march of populism, of nationalism, a worldwide backlash against the establishment and the mainstream parties which have become its embodiment. But is it too soon to declare the death of liberal democracy?
Wikipedia’s co-founder, Jimmy Wales, is planning to set up a news service to push back against “fake news”.
