By Sumeet Desai LONDON (Reuters UK) - The economy is heading into recession and interest rates should fall to "well below" their current 5 percent, Bank of England policy-maker David Blanchflower was quoted as saying in a newspaper interview. The arch-dove was quoted as saying in...
The Bank of England's Monetary Policy Committee split three ways when it met to set interest rates earlier this month. Although the MPC voted by 8 to 1 to keep rates on hold, the minutes of the meeting, published yesterday, suggested some members were keen to raise rates immediately to...
Just a single member of the Bank of England's Monetary Policy Committee voted for an interest rate cut this month, it emerged yesterday, further reducing the likelihood that there will be a drop in the cost of borrowing in the months ahead. The minutes of the MPC's...
House prices have seen their first annual fall for 12 years, as buyers continue to be stymied by the credit crunch and the "mortgage famine". The average cost of a home has declined by 1.1 per cent against its value a year ago, according to the Nationwide...
The Bank of England's leading "dove" has warned that house prices could fall by as much as a third in the next two years and called for swift cuts in interest rates to stave off a crash. David Blanchflower issued the warning in a speech at the...
A three-way split appeared in the Bank of England's Monetary Policy Committee MPC when it met two weeks ago, it has emerged, potentially reducing the likelihood of further rate cuts in the months ahead. Minutes of the MPC's meeting this month show the committee voted by a...
I have recently moved home and had the task of disposing of a lifetime of paperwork. During this process, I came across many documents that reminded me of my past activities and my community involvement over the past 45 years. It was interesting to realise that I first joined...
The Monetary Policy Committee voted 8-1 to cut the Bank of England base rate to 5.25 per cent earlier this month, its minutes have shown. Members chose to lower rates by 25 basis points, from 5.5 per cent in February, amid signs of a...
Tensions at the heart of the Bank of England's policy emerged last night as the latest minutes of the Bank's Monetary Policy Committee were published. Although all members voted for a reduction in interest rates, David Blanchflower, an external economist, was in a minority of one, urging the others in...
LONDON AFP — The health of the British economy is threatened by the risk of recession in the United States and interest rate cuts are required, a member of the Bank of England's rate-setting committee said Monday. Speaking to The Guardian daily, David Blanchflower said that interest rates...
Two Bank of England policymakers voted to cut interest rates this month, citing "continuing turmoil in financial markets", minutes from the bank's meeting have revealed. The rate was held at 5.75 per cent after the John Gieve, BoE deputy governor, and David Blanchflower,...
Q I HAVE a football programme from Burnley v Man United on April 19, 1957, signed by 14 players from the famous Busby Babes squad including Roger Byrne, Jackie Blanchflower, Dennis Viollet and Bobby Charlton, plus all the Burnley side. What's it worth? - Steve Hadgraft,...
LONDON AFP — As Juande Ramos walked into White Hart Lane to be officially unveiled as Tottenham manager, he can't have failed to notice vivid reminders of the club's glory days. Pictures of Paul Gascoigne and Gary Lineker, Glenn Hoddle and Ricky Villa, and Danny Blanchflower and Dave...
The Bank of England committee members voted 8-1 to freeze interest rates at 5.75 per cent earlier this month, it has been revealed. The minutes of the meeting showed that Monetary Policy Committee members chose to play for time and see how the...
By James Moore Hopes of cheaper mortgages rose yesterday after it emerged that the Bank of England's Monetary Policy Committee seriously considered a quarter-point interest rate cut last month. The minutes of the MPC's September meeting, published yesterday, showed that members eventually voted eight...
Bid mania overcomes the market's initial inertia Jonas Crosland Leading equities sprang to life this morning after reports that Carlsberg and Heineken may form a consortium to bid for Scottish and Newcastle, whose shares jumped 120p to 756p. The news brushed aside ...
LONDON AFP — Bank of England policymakers voted 8-1 to freeze British interest rates at 5.75 percent earlier this month, minutes of the meeting showed Wednesday. Most of central bank's nine-strong Monetary Policy Committee called for no change at the meeting earlier this month -- but David Blanchflower...
I am pleased to once again be able to write this column and in so doing update you on what is happening in the Institute. Contained in this issue are the finalised audited accounts for 2006. I am sure you will be pleased to note that financially the Institute is...
Self-employment rose sharply in the UK during the 1980s, encouraged by focused government intervention and supported by financial liberalization. The period was also characterized by sustained and rapid economic growth. But did greater self-employment cause heightened growth? Greater numbers of self-employed workers...
