CPI inflation rises to 2.1%

CPI inflation has risen to 2.1% contradicting earlier predictions that it would fall to 1.9% and is above the Bank of England’s 2% target.

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Dame Jayne-Anne quits BoE role after 7 months

Former Virgin Money CEO Dame Jayne-Anne Gadhia is pulling out of her recently-announced role on the Bank of England’s Financial Policy Committee to run the UK operation of Salesforce.com, an online sales management system.

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Bank Rate held at 0.75% as growth forecast slashed

The Bank of England has held the Bank Rate at 0.75% as it cut forecasts for UK growth over the next two years.

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Investment Association plans new type of fund

The Investment Association (IA) is planning a new type of fund after the suspension of the Woodford Equity Income Fund and an attack on ‘open ended’ investments by the governor of the Bank of England.

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