Starmer: X is responsible for fake Farage and Bailey fight images Politics Sir Keir Starmer has said tech firms must take responsibility for fake images depicting a brawl between Nigel Farage and Bank of England governor Andrew Bailey. Multiple AI-generated images of Farage and Bailey fighting have been spread on X, with the links appearing to lead to a scam. The Prime Minister’s spokesman said “there is [...]
Andrew Bailey warns on AI: ‘Everybody is currently priced to be a winner’ Tech Bank of England governor Andrew Bailey has suggested that the UK’s growth hopes hinge on productivity gains from a mass AI technology roll-out although he warned that investment levels carried “substantial risks” for market prices. Bailey, who is also the head of the Financial Stability Board, an international body overseeing markets, echoed deputy governor Sarah [...]
Borrowing costs fall as interest rate hike fears ease Economics Government borrowing costs fell sharply on Tuesday, after a dovish speech from Bank of England governor and revived hopes of a Middle East peace deal led traders to pare back bets on central bank interest rate hikes. Gilts rebounded across the curve, outperforming their European peers. The UK’s two-year and 10-year government bonds fell as [...]
Bank of England’s Bailey: Interest rates hike may not be needed May 29, 2026 The Bank of England may not raise interest rates in response to the Iran war and has already effectively tightened monetary policy by taking the prospect of future rate cuts off the table, governor Andrew Bailey has said. In a speech in Iceland, the central banking chief said that inflation is “likely to go higher” [...]
Top Bank of England officials warn Reeves against supermarket price cap May 20, 2026 Senior Bank of England officials have warned that price controls on essential goods are not an effective long-term tool to lower the cost of living, after it emerged the Treasury was pushing supermarkets to commit to cap prices of consumer staples. Speaking at a Treasury Committee appearance, governor Andrew Bailey told MPs that controlling the [...]
Andrew Bailey steers push for Anthropic to meet global watchdog over Mythos May 18, 2026 The global financial watchdog is set to discuss the capabilities of the Mythos tool with Anthropic following a push from Bank of England governor Andrew Bailey. The Financial Stability Board, which brings together finance bigwigs from across the G20 nations, will be briefed on the vulnerabilities in the global financial system identified by Mythos. It [...]
Gilt rout sparks calls for Bank of England to slow ‘unusual’ bond sale programme May 7, 2026 The Bank of England should slow the pace of its costly approach to unwinding quantitative easing, which is pushing up government borrowing costs and weakening the public finances at a time when both are under significant pressure, several top economists have said. The calls follow the UK’s sovereign debt being swept up in a dramatic [...]
It’s not the Bank of England’s job to support the Chancellor May 5, 2026 the Bank of England's MPC is acting as if its role is to support the Chancellor and protect the real economy, rather than control inflation.
‘Outlook uncertainty’: Interest rates to be left unchanged in crunch decision April 24, 2026 The Bank of England is set to leave interest rates unchanged at a highly-anticipated meeting on Thursday as investors are looking for further guidance on the impact of the Iran war on the UK economy. Markets have all but priced in a hold at the Monetary Policy Committee’s next meeting, which would leave interest rates [...]
Ministers urge cyber crackdown as Anthropic AI fears grow April 20, 2026 Ministers have ramped up pressure on UK businesses to strengthen their cyber defences amid concerns that the next generation of AI could supercharge hacking threats. In a new push led by cyber minister Baroness Lloyd of Effra, nearly 200 business leaders were told to sign a new “cyber resilience pledge”, as fears mount that powerful [...]