Tag Archives: Bank of England

Bank Governor Claims Cryptos Not Ready To Be Trusted Payment System

You may have missed it, but the annual gathering of the great and the good at the economic forum in Davos, Switzerland, is taking place. It’s all happening virtually, ie, online. There have been a couple of amusingly self-deprecating comments from senior journalist bemoaning the loss of endless refreshments. There’s also been some news, notably […]

BoE Speech To ‘Rattle Cages’ On FinTech – Plus Loan News

Our friends at Crowdfundinsider report a presentation on the future of FinTech by Bank of England governor, Mark Carney, that Crowdfundinsider expects to “rattle a few cages” in mainstream finance.   “Governor of the Bank of England, Mark Carney, has engendered much respect from the land of Fintech. An unabashed supporter of the potential for […]

Alternative Funding Is Simply Essential For SMEs And UK Growth

The Bank of England has published its Statistical Release for Money and Credit for December 2015. During the month, loans to non-financial businesses decreased by £3.7 billion compared to an average monthly decrease of £0.3 billion over the previous six month period. As a result of the sharp decline in December, the twelve-month growth rate […]

BBC Newsnight Debate: Do Bankers Really Deserve Respect?

“It is perhaps a mark of how far we’ve come since 2008 that the governor of the Bank of England can suggest that the time has come for people to start showing bankers a little respect,” opines CityA.M., commenting on Governor Mark Carney’s speech this week. That speech prompted BBC’s flagship news programme, Newsnight, to […]

SMEs Must Invest – And Borrowing Is Best

Following the credit crunch, debt has become a bit of dirty word and many UK small and medium-sized enterprises (SMEs) are now classed as permanent non-borrowers. Given that productivity is a big problem in the UK, this suggests that there has been a lack of investment by British companies and this is partially due to […]

Deflation Risk Is Bad News For Savers

The Bank of England published its quarterly ‘Inflation Report’ last week and the Governor, Mark Carney, said that inflation was expected to fall to zero later this year and that interest rates may be reduced below the current level of 0.5 per cent for a short period to help ensure that Britain does not enter […]