And they’re off: Royal Ascot racegoers put on a patriotic show as iconic horse racing meet gets underway
And they’re off: Royal Ascot racegoers put on a patriotic show as iconic horse racing meet gets underway
Starmer’s defence spending will mean ‘chunky’ tax rises, warns IFS June 2, 2025 Sir Keir Starmer’s plans to boost defence spending will require “chunky” tax rises, according to the chief of the Institute for Fiscal Studies (IFS). Paul Johnson told Times Radio: “…if we’re really going to spend another £10-15 billion a year on defence, whilst inevitably we’re going to spend more and more on health and pensions [...]
Andy Haldane: Reeves ‘not even close’ on growth after ‘rookie errors’ June 2, 2025 The Bank of England’s former Chief Economist has slammed Rachel Reeves’ first near-full year as Chancellor as “disappointing”, with the government “not even close to doing enough” on growth. Less than two weeks out from the 11 June spending review, Andy Haldane told LBC’s Nick Ferrari that there have been “mistakes, rookie errors” that have [...]
The UK is a financial world leader, so why are our numeracy levels so poor? May 21, 2025 Poor numeracy skills have real financial consequences. If the City is to remain a financial powerhouse, we must address the nation’s deteriorating maths, writes Andy Haldane on National Numeracy Day Financial services is a numbers game. Success in finance requires mastery of a wide range of skills, professional and interpersonal. But without a command of [...]
Week in Business: Why Britain needs reform May 8, 2025 In light of current difficulties and long-term challenges, the UK economy needs a dose of radical reform - but who will have that conversation?
Only radical thinking can break Britain out of its doom loop May 8, 2025 While the lucky few left Tuesday night’s CityAM Awards with a gleaming trophy, the evening’s other takeaway came in the form of a stimulating and provocative speech by Andy Haldane. The former Bank of England Chief Economist said that two decades of economic and social shocks – from the financial crash and subsequent Euro [...]
Andy Haldane: Government’s bid to cut red tape ‘has little chance of success’ May 7, 2025 The government’s call for regulators to slash red tape “has little chance of success” unless watchdogs’ mandates are changed in law, according to the Bank of England’s former Chief Economist Andy Haldane. Speaking at the CityAM Awards in London’s Guildhall, Haldane criticised the government’s policy of seeking regulatory reform “via exhortation and press release” [...]
Revealed: The 2025 CityAM Awards Winners May 7, 2025 The winners of the 2025 CityAM Awards were unveiled at a glittering ceremony in the heart of the Square Mile last night in front of 500 guests. The gongs were handed out on stage in the Guildhall, following a speech from former Bank of England Chief Economist Andy Haldane. CityAM Editor-in-Chief, Christian May, [...]
Andy Haldane steps back from role at RSA February 21, 2025 Andy Haldane is stepping down from his role as chief executive of the Royal Society for the Encouragement of Arts (RSA) to take a career break. The former chief economist at the Bank of England will stay on at the charity, one of the UK’s leading arts and innovation third sector bodies, until half-way through [...]
Could the Bank of England push the UK into recession? January 23, 2025 As the Bank of England scrambles to unwind the disastrous effects of quantitative easing, the hidden costs of this policy are becoming clear, says Damian Pudner Quantitative easing (QE) has long been the Bank of England’s monetary policy nuclear option. Launched in 2009 to save a collapsing financial system, it was supercharged during the pandemic, [...]
Spending cuts risk ‘doom loop’, ex-Bank of England economist warns January 22, 2025 Andy Haldane warned cutting government spending would be harmful for the UK’s longer term fiscal position, because it would weigh on growth. The Chancellor will receive fresh economic forecasts from the Office for Budget Responsibility (OBR) in March which will take into account sluggish growth since the Budget and higher government borrowing costs. These forecasts [...]