[email protected]

Tag: THE BANK OF ENGLAND

Tag Archives: THE BANK OF ENGLAND

24Mar/23

Women only gained access to the London Stock Exchange in 1973 – why did it take so long?

March 24, 2023FinanceAberdeen, Amy Elizabeth Bell, Australian Securities Exchange, Bradford, Budapest Stock Exchange, Creative Commons, Economy of London, Edith Midgley, Finance, Financial markets, Glasgow, Huddersfield, James Taylor, Julia Hoggett, London, London Stock Exchange, Manchester, Money, Muriel Bailey, Nottingham, Sheffield, Stock, Stock exchange, Stock market, THE BANK OF ENGLAND, Thomas Mortimer, United Kingdom, United States, Victoria Woodhulladmin

James Taylor, Lancaster University

On March 26 1973, the London Stock Exchange admitted its first female members. This followed years of resistance, with London trailing behind other smaller exchanges around the UK.

That women had been excluded for so long was not only due to institutional misogyny. Research has shown how finance was imagined in sexist terms for centuries. And despite the extraordinary accomplishments of prominent female figures over the past 50 years, these biased beliefs persist to this day.

Continue reading →

13Mar/23

HSBC will acquire the assets of SVB UK. Deposits will be protected

March 13, 2023FinanceBank, British brands, Companies, Economy, Finance, Financial services, HSBC, Investment banks, Jeremy Hunt, London, Silicon Valley Bank, SVB UK, THE BANK OF ENGLAND, United Kingdomadmin

Here’s the HM Treasury statement:

Silicon Valley Bank (UK) Ltd has today been sold to HSBC. HSBC is headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally. Customers of SVB UK will be able to access their deposits and banking services as normal from today.
Continue reading →

03Oct/22

Three reasons a weak pound is bad news for the environment

October 3, 2022FinanceAlix Dietzel, Alvin Birdi, Articles, British Pound Sterling, Carbon tax, Climate change mitigation, Climate change policy, Creative Commons, Economic growth, Energy, Katharina Richter, Kwasi Kwarteng, Low-carbon economy, Nature, Richard Whitcombe, Russia, THE BANK OF ENGLAND, Ukraine, United Kingdomadmin

Katharina Richter, University of Bristol; Alix Dietzel, University of Bristol, and Alvin Birdi, University of Bristol

The day before new UK chancellor Kwasi Kwarteng’s mini-budget plan for economic growth, a pound would buy you about $1.13. After financial markets rejected the plan, the pound suddenly sunk to around $1.07. Though it has since rallied thanks to major intervention from the Bank of England, the currency remains volatile and far below its value earlier this year.

Continue reading →

24Sep/22

Mini budget 2022: experts react to the new UK government’s spending and tax-cut plans

September 24, 2022EconomyAndrew Burlinson, Anthony Barber, Articles, Boris Johnson, British Pound Sterling, Carbon tax, Catherine Waddams, Creative Commons, Donald Hirsch, Economic growth, Economic inequality in the United States, Economics, Economy, Fiscal policy, FX Spot Rate, Income tax in the United States, Inflation, Jean-Philippe Serbera, Jim Watson, Joe Biden, Jonquil Lowe, Kwasi Kwarteng, Phil Tomlinson, Philippe Serbera, Reaganomics, SHUTTERSTOCK, Steven McCabe, Supply-side economics, Tax, Tax cut, THE BANK OF ENGLAND, Thomson Reuters, UK Pound Sterling/US Dollar FX Spot Rate, UK Pound Sterling/US Dollar FX Spot Rate, FX Spot Rate, THOMSON REUTERS, United Kingdom, United Kingdom cost of living crisis, United States, university of east anglia, Value-added taxadmin

Phil Tomlinson, University of Bath; Andrew Burlinson, University of East Anglia; Catherine Waddams, University of East Anglia; Donald Hirsch, Loughborough University; Jean-Philippe Serbera, Sheffield Hallam University; Jim Watson, UCL; Jonquil Lowe, The Open University, and Steven McCabe, Birmingham City University

UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.

Continue reading →

24Sep/22

Mini budget: will Kwasi Kwarteng’s plan deliver growth?

September 24, 2022EconomyCreative Commons, Deficit reduction in the United States, Economic growth, Economy, Economy of the United Kingdom, Government, Kwasi Kwarteng, Presidency of Barack Obama, Reaganomics, Steve Schifferes, Tax, THE BANK OF ENGLAND, United Kingdom, United Kingdom national debtadmin

Steve Schifferes, City, University of London

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

Continue reading →

05Aug/22

UK interest rate rise: what the Bank of England’s historic hike means for your money

August 5, 2022FinanceAdjustable-rate mortgage, Central bank, Creative Commons, Economy, Finance, Housing in the United Kingdom, In economics, Inflation, Interest rate, Jonquil Lowe, Monetary policy, Money, Mortgage loan, Quantitative easing, SHUTTERSTOCK, THE BANK OF ENGLAND, Ukraine, United Kingdomadmin

Jonquil Lowe, The Open University

The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal finances and reflects the Bank’s efforts to control rampant inflation amid the cost of living crisis in the UK.

Continue reading →

25Jul/22

Rishi Sunak or Liz Truss? Polling shows party members want her – but the wider voting public would choose him

July 25, 2022PoliticsBoris Johnson, British MPs, Colleges of the University of Oxford, Conservative Party, Creative Commons, House of Commons of the United Kingdom, Leaders of the Conservative Party, Liz Truss, Margaret Thatcher, Paul Whiteley, Rishi Sunak, THE BANK OF ENGLAND, Toryism, Ukraine, United Kingdom, University of Essex, YOUGOVadmin

Paul Whiteley, University of Essex

Rishi Sunak and Liz Truss are the final two candidates chosen to go head-to-head in the battle to become the next leader of the Conservative party and, therefore, the next prime minister of the UK.

Continue reading →