The new face of the £50 note – other than that of the Queen – will be a scientist, the Bank of England has said.
Bank of England
Professors Stephen Hawking and Dorothy Hodgkin, the only British female to win a Nobel prize for science, are among early proposals for the eminent scientist to feature on the new £50 note.
The new £50 note will feature a prominent British scientist, and members of the public are being asked to come up with nominations.
Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends the pound into freefall.
The Bank of England has left interest rates unchanged at 0.75%, but stressed it was poised to respond “in either direction” as it awaits the outcome of Brexit talks.
The Bank of England is set to hold interest rates at 0.75% on Thursday, but will be eyed closely for warnings over the economic risks of a no-deal Brexit.
Jayne-Anne Gadhia has said a more diverse City leadership would have helped during the financial crisis, but she stopped short of recommending a woman be installed as the next Bank of England governor.
Bank of England governor Mark Carney and two of his US advisers have racked up more than £100,000 on travel costs and taxis in just three months, figures have revealed.
The UK has done “all it can” unilaterally to cushion the blow of a no-deal Brexit for banks and financial firms, a Bank of England deputy governor has said.
Who do you think should be on the new £50 note?
The Bank of England could force board-level bank bosses to manage climate change risks as part of new rules being floated by its regulatory arm.
Bank of England officials are to be grilled by MPs after new figures showed a “concerning” spike in bullying and harassment cases during Mark Carney’s term as Governor.
The Bank of England has warned that the need for action is now “pressing” to ward off risks to trillions of pounds of financial products from a cliff-edge Brexit.
Britain’s economy is finally off the interest rate life-support brought in nearly 10 years ago after the financial crisis struck.
Only one in 10 banks are adequately prepared for the financial risks linked to climate change, the Bank of England has warned, as it looks to ramp up oversight of lenders’ plans.
The Bank of England has kept interest rates on hold at 0.75% after August’s hike, but it confirmed further increases are likely to be needed to rein in inflation.
Bank of England policymakers are set to sit tight on interest rates on Thursday after last month’s milestone hike and following encouraging news on the economy.
Bank of England policymakers are set to sit tight on interest rates next week after last month’s milestone hike and amid a mixed performance across the economy.
Sterling jumped on Wednesday afternoon following reports that Britain and Germany are preparing to drop key Brexit demands, paving the way to a deal in the coming months.
Bank of England Governor Mark Carney has confirmed he is in talks with the Treasury over extending his tenure as he pledged to do “whatever” he can to support the UK through Brexit.