The Bank of England (BoE) is open to discussions with Britain’s government about new ways to help boost economic growth by paring back regulatory requirements for the financial services industry, Deputy Governor Sam Woods said on Monday.

The Bank of England’s regulatory arm set out a string of ideas that could meet the government’s call to boost economic growth, including a new “concierge service” for foreign firms entering the UK market and streamlining the process for creating new rules.

It took six years for the majority of the British public to admit we were wrong to leave the EU, according to pollsters. Let’s hope Americans swallow their pride a little sooner – because unlike us, they don’t have to live with their mistake forever. In four years time, they get to choose again.

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister fo

Carney reportedly saw the Bank of England position as a stepping stone for his political ambitions in Canada when Trudeau stood down.

The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.

Then-Bank of England Governor Mark Carney advocated lowering interest rates to near zero to counter the economic shock of Brexit before relenting to maintain consensus among policymakers, according to newly released transcripts.

UK central bankers met the impact of the EU referendum with humour, as well as rate cuts, according to newly released transcripts.

The Bank of England (the “Bank”) has published a Consultation Paper proposing a set of Fundamental Rules for UK financial market

Carney played a key role in steering the UK economy through Brexit and the early stages of the pandemic before Andrew Bailey took over as governor. | ITV National News

In November 2024, the Bank of England published an Approach Document setting out its approach to the supervision of financial market

Five candidates have entered the race ahead of the January 23rd deadline, but it will almost certainly be won by either the former central-bank governor, Mark Carney, or Mr Trudeau’s former deputy prime minister and finance minister,