Sorry guys – but the news for wannabe first-time buyers just isn’t getting any better. This time it’s Bank of England Governor Mark Carney, interest rates and new mortgage measures.
This is George Osborne’s big chance. It is the first time he will hold up the budget box at a time of a robustly growing economy. It has been a four-year wait for this pleasure.
Bank of England Governor Mark Carney ditches his flagship interest rates policy, but says the cost of borrowing is unlikely to rise in the near future despite falling unemployment.
Mark Carney diplomatically warns Scotland that independence could come at a heavy price – like the ones paid by Ireland, Iceland, Cyprus and Spain.
Bank of England Governor Mark Carney says the eurozone crisis shows what could happen if an independent Scotland retains the pound without firm foundations being put in place.
For the first time the Bank of England allows the £1m and £100m bank notes, which underpin the Scottish banking system, to be filmed. Economics Editor Faisal Islam gets his hands on them.
If you believe that the government’s policies contributed to further imbalances, it might appear a little cheeky to argue: “Vote for me and I will rebalance the economy I further imbalanced.”
Unemployment falls by 167,000 to reach a five-year low of 2.32 million. The jobless rate is now 7.1 per cent, just above the level that could trigger an interest rate rise.
As unemployment falls to 7.4 per cent, near the 7 per cent threshold the Bank of England governor said would lead to a cut in rates, Faisal Islam looks at the figures – and the new plastic banknotes.
The Bank of England raises its growth forecast for the economy, but says interest rates will not automatically rise if unemployment falls faster than previously predicted.
Exclusive: Bank of England Governor Mark Carney tells Channel 4 News he will not be a “cheerleader” for the City and intends to “root out corruption” in the financial markets.
Exclusive: Bank of England Governor Mark Carney talks to Channel 4 News about the recovery, what it means for real wages and whether he will raise interest rates.
Exclusive: Bank of England Governor Mark Carney’s first major TV interview.
Today’s GDP numbers are not the highest under George Osborne’s chancellorship. But they offer the possibility that confidence and investment will trigger a virtuous spiral in the Uk economy.
The new governor of the Bank of England tells a business audience that interest rates are unlikely to rise in the next few years, but action could be taken to prevent a house price boom.