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Things worth reading: 8th October 2018

Chris Skinner

Things we’re reading today include … Tandem Bank narrows losses as revenue run rate rises to £15m Shadow banks, trade wars, Trump … clouds gather over the IMF’s paradise Brexit anxiety for businesses ‘at highest since referendum’ Bank of England’s Andy Haldane to chair industry body Why are investment banks … The post (..)

Industry 165
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UK housing market is on fire, warns Bank of England chief economist

TheGuardian

Andy Haldane warned that the property market was likely to continue running hot while all these factors, in combination with the central bank’s ultra-low interest rates, remained in place.

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Britons pay back most on debt in 27 years as credit card spending slumps

TheGuardian

Effect of Covid lockdown on shoppers is underlined in Bank of England report Coronavirus – latest updates See all our coronavirus coverage A slump in credit card spending in February dragged down UK consumer credit growth to a 27-year low as the second month of the latest coronavirus lockdown restricted the scope for shoppers to spend in high streets (..)

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Bank of England head says drivers of inflation will not persist

TheGuardian

Governor Andrew Bailey at odds with bank’s chief economist warning of price inflation above 2% target The governor of the Bank of England has sought to calm financial market fears over rising inflation but has exposed a policy rift with Threadneedle Street’s outgoing chief economist, Andy Haldane.