Clik here to view.
CBI welcomes extension to Funding for Lending
The CBI has welcomed the Bank of England’s announcement that it will extend the Funding for Lending scheme. The scheme, which is making a difference according to the CBI, has been extended to 2015 and...
View ArticleClik here to view.
Funding for Lending is failing to deliver – TUC
The Trades Union Congress (TUC) has commented on the latest figures on the Funding for Lending (FLS) scheme, published by the Bank of England. The data shows for each group participating in the FLS the...
View ArticleClik here to view.
Businesses should consider equity finance or retail bonds
The CBI has responded to Funding for Lending data for the first quarter which shows that net lending fell by £0.3bn. This represented an improvement on the fall of £24bn in the previous quarter....
View ArticleClik here to view.
Sir David Lees to stay on as Chairman of Bank of England’s Court
The Chairman of the Bank of England’s governing body, Sir David Lees, has agreed to stay in his post for a further six months. Sir David Lees, who was reappointed in June 2012 by Her Majesty the Queen...
View ArticleClik here to view.
EEF calls for increased lending competition following Bank of England lending...
EEF, the manufacturers’ organisation has called for increased competition for lending to help improve credit conditions for SMEs. The comments follow on from the Bank of England’s publication of...
View ArticleClik here to view.
CBI responds to BoE confirmation of Forward Guidance
The CBI has responded to Forward Guidance from the Bank of England that it will keep interest rates on hold until unemployment falls to 7%. John Cridland, CBI Director-General, said: “Greater interest...
View ArticleClik here to view.
CBI comments Prudential Regulation Authority Statement on liquidity
The CBI has commented on the first public speech from the new Bank of England (BoE) governor, Mark Carney. The governor who spoke during an event hosted jointly by the CBI East Midlands, Derbyshire and...
View ArticleClik here to view.
Bank of England and HM Treasury re-focus the Funding for Lending Scheme to...
The Bank of England and HM Treasury have announced changes to the terms of the Funding for Lending Scheme (FLS) extension to re-focus the incentives in the scheme towards supporting business lending in...
View ArticleClik here to view.
Financial firms must bolster cyber defences: KPMG
As the Bank of England publishes the findings of its Waking Shark II exercise, which was designed to test how well financial firms handle a major cyber attack, KPMG’s Stephen Bonner warns that...
View ArticleClik here to view.
Chancellor announces three senior Bank of England appointments
The Chancellor has announced a number of senior appointments to the Bank of England, which will strengthen and enhance the Bank’s senior team. As the new Deputy Governor for Monetary Policy, Dr...
View ArticleClik here to view.
MPC resist calls for early rate rises
The British Chambers of Commerce (BCC) has commented on new figures released by the Office for National Statistics (ONS). The recent CPI inflation figures show annual CPI inflation in April 2014 was...
View ArticleClik here to view.
Fair and Effective Markets Review announced by Chancellor of the Exchequer
The government has announced further steps to raise standards of conduct in the financial system with a joint review by the Treasury, the Bank of England and the Financial Conduct Authority (FCA) into...
View ArticleClik here to view.
MPC must reaffirm commitment to supporting the recovery – BCC
The British Chambers of Commerce (BCC) has commented on the Bank of England’s Monetary Policy Committee’s (MPC) interest rate decision. The Committee has voted to maintain the Bank Rate at 0.5% and...
View ArticleClik here to view.
Bank of England clawback plans
The CBI has responded to new rules from the Bank of England to clawback bonuses for misconduct in banking. The changes from the Prudential Regulation Authority and Financial Conduct Authority include A...
View ArticleClik here to view.
BCC: Funding for Lending continues to disappoint
Director General of the British Chambers of Commerce (BCC), John Longworth has said the Funding for Lending figures published by the Bank of England continue to disappoint. The figures show British...
View ArticleClik here to view.
IoD – Bank playing dangerous game on rate rises
The Institute of Directors (IoD) has raised concerns over the Bank of England’s decision to hold interest rates at 0.5% for another month. Bank of England announced that it will maintain Bank Rate at...
View ArticleClik here to view.
Funding for Lending Scheme extended – support for banking competition
The Chancellor and Governor of the Bank of England have announced the extension of the Funding for Lending Scheme for the next two years, providing support for credit conditions for SMEs. The Funding...
View ArticleClik here to view.
CBI on UK vote to leave the EU
The CBI commented on the result of the referendum, where the UK has voted to leave the EU. Carolyn Fairbairn, CBI Director-General, said: “The British people’s vote to leave the EU is a momentous...
View ArticleClik here to view.
Public spending boost needed to protect economy from Brexit risks, says IPPR
A fiscal stimulus will be needed to help the UK respond to the economic shock of Brexit, the Institute for Public Policy research has claimed. Ahead of an expected decision by the Bank of England to...
View ArticleClik here to view.
BCC comments on Bank of England interest rate decision
Commenting on yesterdays (august 4) interest rate decision by the Bank of England’s Monetary Policy Committee, Dr Adam Marshall, Acting Director General of the British Chambers of Commerce (BCC), said:...
View Article
