UK Newspaper Archive

David Cameron lobbied Lloyds Banking group to reverse a decision to cut ties with ailing Greensill Capital, reports the Financial Times.

The Financial Times leads with the differing views of central bankers on the response to the global inflation surge.

The Daily Mirror has branded the chancellor’s announcement “the bankers’ budget” as “tax on bubbly was cut as the cost of living is set to soar”.

The Chancellor of the Exchequer Rishi Sunak is set to cut a tax surcharge on bank profits by over 60% in next week’s Budget, the Financial Times are reporting.

The Financial Times lead on a story about Bank of England interest rates, which could increase as soon as November.

According to the Financial Times, senior central bankers have warned that high levels of inflation could last longer than expected.

The Financial Times reports that the Bank Of England is predicting inflation will top 4% next year.

European Central Bank president Christine Lagarde has reassured bond investors even though the ECB said it would buy fewer bonds in a sign of confidence in the eurozone’s economic recovery, according to the Financial Times.

The Bank of England warns inflation could hit a 10-year high, writes the Daily Express.

The Financial Times leads with the news the Bank of England has said a modest tightening of monetary policy is likely to be necessary, in a bid to control inflation.

The Financial Times says a London-based digital banking start-up, Revolut, has become the UK’s most valuable private tech company ever after raising $800m (£578m) in a funding round.

There are growing calls for Monday to be a bank holiday if England win the Euro 2020 final against Italy at Wembley on Sunday, says the Daily Mirror.

The Financial Times leads on the news that the Bank of England raised its expectations for inflation, but kept interest rates fixed.

Commodities trader Trafigura warned Credit Suisse last year that the bank’s supply-chain finance funds appeared to contain a suspicious invoice, the Financial Times reports.

The Bank of England expects the UK economy to grow by 7.25% this year – a much stronger recovery from the pandemic – built on the back of higher consumer spending, writes the Financial Times.

David Cameron “repeatedly pushed” the Bank of England and the Treasury to “risk up to £20bn in taxpayer cash to help Greensill Capital”, The Guardian reports.

The Financial Times says China’s central bank has asked lenders to rein in credit supply, following concerns that a surge of lending to help the country recover from the coronavirus pandemic could cause financial instability.

The Sunday Times claims that a “scandal-hit banker” enriched himself through a loans scheme after then-PM David Cameron gave him special access to Whitehall departments and agencies.

The head of the Bank of England has said he is concerned inflation will rise as the UK recovers from the pandemic, the Financial Times reports.

The Financial Times reports that Europe’s top banking regulator has asked the continent’s lenders for details of their exposure to stricken Greensill Capital and its key client GFG Alliance.

Chancellor Rishi Sunak will offer individual grants of up to £18,000 as part of a £5bn rescue scheme to prevent bankruptcies, The Observer reports.