Politics

The economics of deflation

In a speech at Imperial College Business School, Deputy Governor Ben Broadbent explores the economics of deflation. He explains what the theoretical risks are, how the MPC could respond

Competitiveness report sends policymakers clear pre-election message: don’t drop the ball

A new report, released today by TheCityUK, reveals that the UK continues to consolidate its important role as a truly international, world leading financial centre – but sends a clear message to the next government

Cameron won't get to 2020, say bookies

David Cameron's surprise announcement that he won't serve a third term left political punters unimpressed, according to Ladbrokes.

UK CPI inflation hits 0%

The annual rate of the Consumer Prices Index (CPI) hit zero percent in February 2015 according to the latest figures from the Office for National Statistics (ONS).

Half a million could be hit by ‘mismanaged’ rollout of pension reforms

Up to half a million people could be hit by the “mismanaged and rushed” roll-out of the government’s landmark pension reforms, and scammers are waiting to cash in, warns the boss of one of the world’s largest independent financial advisory organisations.

Prudential Regulation Authority publishes rules on its new accountability regimes for banks and insurers

The Prudential Regulation Authority (PRA) has today published the first set of rules to implement the new Senior Managers Regime and Certification Regime for UK banks, building societies

TheCityUK response to the Chancellor of the Exchequer’s Budget 2015

Chris Cummings, Chief Executive, TheCityUK, comments on the Chancellor of the Exchequer’s 2015 Budget statement

CHART OF THE WEEK: UK Central Government Finances

Summary:

With the annual UK Budget due this afternoon, we've updated our yearly chart showing the central government finances per person.

Osborne’s LTA cut is ‘cap on aspiration’ and will drive demand for pension transfers

The lifetime allowance cut announced in today’s Budget has been slammed as “a cap on aspiration,” and as “a catalyst for people to move their British pensions out of the UK.”

Can the government really keep interest rates low?

David Cameron’s pre-election pledge to keep mortgage rates low will strike a chord with mortgage-holding voters, but is it a promise he can keep?

Budget 2015: traded annuities, pensions tax relief and the single-tier State Pension

Ahead of tomorrow’s Budget, Towers Watson comments on reports that the Lifetime Allowance for pension savings could be reduced to £1 million.

Osborne to the rescue with tax cuts for oil and gas

George Osborne is expected to announce a new investment allowance for North Sea oil producers in the UK budget tomorrow, in his attempt to rescue the struggling industry which is still reeling from the recent price volatility of crude oil.