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    SpaceX will take some Amazon satellites to space

    SpaceX will take some Amazon satellites to space

    MUSE exhibition in Fabbrica del Vapore in Milan

    “The Energy for Tomorrow”: discovering the finalist artists of the MUSE Digital Art Award

    Tesla Cybertruck will usher in a new ‘Powershare’ bidirectional charging feature

    Tesla Cybertruck will usher in a new ‘Powershare’ bidirectional charging feature

    Windows 11 tests energy saver mode for both laptops and desktop PCs

    Windows 11 tests energy saver mode for both laptops and desktop PCs

    Dragon’s Dogma 2 gets a March release date and tricky new class

    Dragon’s Dogma 2 gets a March release date and tricky new class

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    Black Friday deals on some of The Verge’s favorite stuff

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    Earps: I let England down

    Earps: I let England down

    Woods rues costly finish to comeback as Harman shares lead

    Woods rues costly finish to comeback as Harman shares lead

    Board of Control rejects Eubank Jr vs Benn application

    Board of Control rejects Eubank Jr vs Benn application

    Bentancur out for at least 10 weeks with ankle ligament damage

    Bentancur out for at least 10 weeks with ankle ligament damage

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    VAR in focus as Willian's stoppage-time pen sinks Wolves

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    Verstappen dominates season finale as Mercedes hold off Ferrari

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    Sinner stuns 'bitter' Djokovic to send Italy into Davis Cup final

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    British Gas customers to be paid to reduce their energy usage today | Personal Finance | Finance

    British Gas customers to be paid to reduce their energy usage today | Personal Finance | Finance

    Retirement: Blow to future pensioners as 1.7 million older households may still be renting | Personal Finance | Finance

    Retirement: Blow to future pensioners as 1.7 million older households may still be renting | Personal Finance | Finance

    Savers urged to ‘chase’ the best interest rates of the week as banks offering 5.71% | Personal Finance | Finance

    Savers urged to ‘chase’ the best interest rates of the week as banks offering 5.71% | Personal Finance | Finance

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    Martin Lewis urges savers to ‘switch bank account’ to Nationwide’s 8% interest rate | Personal Finance | Finance

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    Save money on bills with ‘an important boiler upgrade’ recommended by a heating expert | Personal Finance | Finance

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    Hodge Bank increases interest rate on savings account and earns ‘excellent’ rating | Personal Finance | Finance

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    The £5trn ‘Wild West scandal’ you’re unlikely to know about – but could wreck your pension | Personal Finance | Finance

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    Princess Diana’s engagement portrait blouse could fetch £79,000 | UK News

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    David Bowie’s handwritten lyric sheet expected to fetch £100k at auction | Ents & Arts News

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    Shane MacGowan’s wife says The Pogues frontman is ‘out of hospital’ | Ents & Arts News

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    Girls Aloud to reunite for UK and Ireland tour dedicated to Sarah Harding | Ents & Arts News

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    Germany teens held for alleged Christmas market attack plot

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    Yoga sect leader Gregorian Bivolaru and followers arrested in France

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    Ancient Ukraine treasures returned after court battle

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    Israel-Gaza: Four-year-old girl among released hostages

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    Mikhail Kasyanov: Russia labels ex-PM and Putin critic 'foreign agent'

    Rapper Sean 'Diddy' Combs accused of sexual assault in new lawsuits

    Rapper Sean 'Diddy' Combs accused of sexual assault in new lawsuits

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Bank of England Governor Andrew Bailey says ‘things look better than a year ago’ | City & Business | Finance

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Bank of England Governor Andrew Bailey says ‘things look better than a year ago’ | City & Business | Finance
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The Governor of the Bank of England said things in the UK look better than they did a year ago in a nod to the mini-budget chaos of last autumn.

Speaking at the International Monetary Fund (IMF)’s annual meeting in Marrakech, Morocco, Andrew Bailey said he was one of the few people there who could point to things being better now.

“From an economic point of view, if we look back over the last year I would say I’m probably the one person that can come in here and say things really do look better today than they did on this day last year,” he said.

“I can say that with some confidence.”

Mr Bailey has previously spoken about his experience of last year’s IMF meeting in Washington, which happened shortly after then-prime minister Liz Truss and then-chancellor Kwasi Kwarteng’s mini-budget.

“People were saying, ‘We didn’t think the UK would do this’,” he told the Treasury Select Committee last year.

On Friday, he said there are signs inflation is coming down but there is much left to do.

He said the Bank’s policy will continue to be “restrictive”.

Mr Bailey added: “We have made, I think, particularly in the last few months, solid progress in terms of showing signs that inflation is being tackled.

“But let’s not get carried away because there’s an awful lot still to do.

“I think many of us now see policy operating in a restrictive fashion and I’m obviously going to have to say that I think that’s what it needs to do.”

Mr Bailey said this will have an impact on the UK’s economy and is contributing to a “subdued outlook” for the country.

But without getting inflation back to target, that outlook would be even more subdued, he said.

He said last month’s decision to keep interest rates at 5.25% was “a tight one” and predicted “they’re going to go on being tight ones”.



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