Bank of England Governor Andrew Bailey denied Nigel Farage's lobbying influenced CBDC policy, stating decisions are independent. The denial follows a meeting and Farage's outspoken criticism of CBDCs.
Bank of England Governor Andrew Bailey stated he resisted Nigel Farage's lobbying to drop a crypto policy potentially costly to Reform UK's backer, Christopher Harborne. This comes as Farage faces a parliamentary probe over undeclared payments and support, triggering a political crisis.
The Bank of England warns the UK faces recession risk if the AI stock bubble bursts, potentially causing a 2.2% GDP fall. Governor Andrew Bailey cited "triple whammy" risks from overvalued AI stocks, slower adoption, and uncertain long-term winners, while ruling out new regulations.
The Bank of England governor warns of increased consumer costs due to the Middle East conflict, despite falling oil prices post-US-Iran peace deal. Interest rates remain at 3.75% as the MPC balances inflation risks with economic slowdown fears.
Nigel Farage has urged X to remove fake AI-generated adverts showing him fighting Bank of England governor Andrew Bailey. Reform UK contacted X at the highest level, with Bailey also calling for vigilance against such scams.
The Bank of England is warning the public about AI-generated scams after deepfake videos depicting Nigel Farage and Governor Andrew Bailey fighting circulated on X. Bailey urged vigilance and reporting of such content, highlighting the rise of fake adverts impersonating central banks.
The Bank of England warns of rising AI-generated scams after deepfake videos of Nigel Farage and Governor Andrew Bailey fighting spread online, urging vigilance and reporting of such content.
Bank of England Governor Andrew Bailey indicates no immediate interest rate hike due to uncertainty over the Iran war and weak UK growth, tolerating temporary above-target inflation but warns of action if second-round effects emerge.
AI startup Anthropic will brief the Financial Stability Board on its Claude Mythos AI model, which experts fear could pose a threat to cyber defenses. The model has shown advanced capabilities in identifying IT system flaws.
Global regulators will have to confront US policy on dollar-backed stablecoins as they seek international standards for payment tokens, Andrew Bailey said.
Bank of England Governor Andrew Bailey says regulators will have to deal with the US when forming global stablecoin standards.
Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey
Whitbread is cutting 3,800 jobs in the UK and Ireland, representing 12% of its workforce, as it transitions to a pure hotel business. The move follows increased tax burdens from the 2025 budget and pressure from activist investors.
