The Bank
| Use attributes for filter ! | |
| Release date | Turkey |
|---|---|
| Directors | Robert Connolly |
| Screenplay | Robert Connolly |
| Producers | John Maynard |
| Composers | Alan John |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2045792 |
About The Bank
Jim Doyle (David Wenham) is a mathematical prodigy trying to concoct a way of foreseeing stock market collapses. He's approached by Centabank CEO Simon O'Reilly (Anthony LaPaglia), who is eager to co-opt Doyle's potential breakthrough. As an employee of Centabank, Jim works toward his goal, while Simon is under pressure from the board of directors. Meanwhile, a working class couple with a vendetta pursues legal action against the bank. Inevitably, corruption soon rears its ugly head. …
'Labour won't turn on spending taps' says Starmer
... The Bank of England s governor, Andrew Bailey, said last week that productivity rates in the UK " concern me a lot"...
Bank branch closures hits Prime Minister Rishi Sunak's constituency
... A further 17 Barclays branches will shut, The Bank has now announced...
House prices edge higher as signs mortgage rates will fall
... Interest rates set by The Bank of England are at a 15-year high of 5...
Metro Bank to review seven day opening and cut jobs
... This week, shareholders voted to back a £1bn rescue deal aimed at securing The Bank s future...
Barclays to cut 900 UK jobs, says Unite union
... The union said the " disgraceful" move in the lead-up to Christmas would boost The Bank s " massive profits"...
No interest rate cuts for foreseeable future, says Bank of England
...Michael RaceBusiness reporter54 minutes agoThe governor of The Bank of England has warned again that interest rates will not be cut in the " foreseeable future" saying it is " too soon to have that discussion"...
Metro Bank shareholders to vote on rescue deal
...Metro Bank shareholders are to vote later on whether to back a rescue deal aimed at securing The Bank s future...
Interest rates: Why there is more pain still to come
... However, interest rates have a central impact on our finances, and the power to set them lies with The Bank of England, not the chancellor...
No interest rate cuts for foreseeable future, says Bank of England
Michael RaceBusiness reporter54 minutes ago
The governor of The Bank of England has warned again that interest rates will not be cut in the " foreseeable future" saying it is " too soon to have that discussion".
Andrew Bailey said getting Inflation , which is the rate consumer prices rise at, down to The Bank 's 2% target would be " hard work".
Inflation has dropped sharply in recent months, falling to 4. 6% in the year to October.
But Mr Bailey said getting Inflation back down to The Bank 's target was why he had " pushed back of late against assumptions that we're talking about cutting interest rates".
Mr Bailey also said he was concerned about the UK economy. " If you look at what I call the potential growth rates of the economy, there's No Doubt it's lower than it has been in much of my working life, " he added.
His comments, during a visit to the North East of England, come as A House of Lords committee report said that reforms were needed to improve The Bank of England's performance and accountability.
The Bank , which sets UK interest rates, has raised rates in recent times in its attempt to tackle rising prices, which have soared largely due to energy and food costs increasing in The Aftermath of the Covid pandemic and Russia's invasion of Ukraine.
Interest rates are currently at 5. 25%, a 15-year high, which has pushed up mortgage costs But also led to higher savings rates.
Mr Bailey has repeatedly warned against suggestions that interest rate cuts will follow.
" I'm very conscious of The Position of the less well-off, " he told Chronicle Live.
" But we do have to get [Inflation ] down to 2% and that's why I have pushed back of late against assumptions that we're talking about cutting interest rates. "
The Bank First started to raise rates in December 2021 in an attempt to control Inflation - But it is a Balancing Act . If rates go up too fast, consumers and businesses may spend and invest less which tends to drag on the economy.
The UK is not currently in recession But there have been concerns over weak Economic Growth .
In his Autumn Statement last week, Chancellor Jeremy Hunt announced some tax cuts for workers and businesses as the government attempts to boost growth, But the UK's overall tax burden is still On Course to hit a record high.
A report by The House of Lords Economic Affairs Committee released on Monday said the framework for The Banks ' independence had been tested by The Rise in Inflation and " the resulting loss of public confidence in The Bank ".
It said " all central banks, including The Bank of England" had made errors in recent years, including forecasting Inflation incorrectly.
" While We Are of The Strong view that independence should be preserved, reforms are needed to improve The Bank 's performance and to strengthen its accountability to Parliament, " said Lord Bridges of Headley, chair of The Committee .
The Report said that a " democratic deficit" had emerged with " critically important" economic decisions being " delegated to unelected officials".
It suggested The Bank 's remit be " pruned" in order to " ensure that The Bank is focused on its primary objectives of tackling Inflation and ensuring financial stability".
" The Bank must do more to foster a diversity of views and strengthen a culture that encourages challenge, " The Report added.
Related TopicsSource of news: bbc.com
The Bank Photos
