Bank of England

Chancellor of the Exchequer Rachel Reeves looks from a window before a roundtable discussion with top finance executives during a visit to the Lloyds Banking Group's offices, in Leeds, West Yorkshire. Credit: Oli Scarff/PA Wire

Exclusive Reeves hits back at risk criticism of increasing mortgage borrowing
The Chancellor has hit back at criticism that her new mortgage borrowing rules are too risky, saying that renters are currently “throwing good money after bad” ...

Dave Ramsden, deputy governor for markets and banking at the Bank, said: “We have considered and reflected industry feedback in today’s announcements. “These changes are designed to foster growth and competition, recognising that smaller firms present lower risks to financial stability, whilst also maintaining size-appropriate resolvability capabilities.” (Photo by Henry Nicholls/PA Wire)

Bank of England to ease rules for smaller and mid-sized banks

Leeds and West Yorkshire have been hailed as a 'Northern Square Mile'. Picture By Yorkshire Post Photographer, James Hardisty

West Yorkshire has earnt its 'Northern Square Mile' label

'There are some huge advantages to planning as a married couple, because by passing assets between you, you can pay much less tax,' says Sarah Coles. Photo: Gareth Fuller/PA Wire

The question of trust when sharing assets: Sarah Coles

The Bank of England is predicted to keep UK interest rates at 4.25%. Photo: Yui Mok/PA Wire

As it happened: Bank of England holds interest rates at 4.25%

Max Shepherd shares his expert insight. Photograph by Richard Walker/ImageNorth

How the Bank of England makes interest rate decisions

Sebastian Walsh Secretary of the Bank of England. He said it was possible that graduates who were joining the Bank's operations in Leeds this year might be advising the MPC members about interest rate policy by 2030, which showed the significance of the roles on offer in Yorkshire. (Photo supplied by Bank of England)

'Yorkshire graduates could advise Bank's rate setters on policy'

Choosing between moving house or renovating an existing property is a big decision for many

What homeowners should consider in the eternal 'move versus improve' debate

A cut in mortgage rates would come as a welcome boost to the housing market.

Bank of England cuts base interest rate to lowest level for two years

Asking prices for homes in England are increasing

Rightmove expert reveals advice for sellers as asking prices hit record high

Prime Minister Sir Keir Starmer delivering his keynote speech during the Labour Party Conference. Picture: Stefan Rousseau/PA Wire

Labour is contining the Tory war on the poor - Dr Dylan Murphy

Rachel Reeves, poses with the red Budget Box as she leaves 11 Downing Street to present the government's annual budget

Surprise drop in inflation sparks calls for further interest rate cuts

In an announcement to the stock market on Monday, De La Rue said it “continues to be in discussions that may or may not result in possible cash offers for the company. A further announcement will be made as and when appropriate.” (Photo by Nicholas.T.Ansell/PA Wire)

De La Rue to complete partial sale in May

Former Prime Minister Liz Truss making a statement outside 10 Downing Street, London. PIC: Kirsty O'Connor/PA Wire

Why gilt yields are outpacing the Liz Truss era - Alan Lazenby

Former EY apprentices Liam Carter and Mike McWilliams are forging their careers in Leeds.

Special report: Leeds 'on verge of new industrial revolution' in tech

William Hague, the FCA's head of Leeds.

FCA: 'We are a national regulator with a Yorkshire heart'

Simon Wright managing director of Pexa, which has set up its base in Leeds.

Australian property sales innovators Pexa sets up UK base in Leeds

Tracy Brabin, Mayor of West Yorkshire

Success? This is only the start of our mission - Tracy Brabin

Finace specialist Sarah Coles delved into the details of inheritance tax. Photo: oe Giddens/PA Wire

The keys to understanding inheritance tax: Sarah Coles

Tim Roberts says Henry Boot is well positioned for the future

Further interest rate falls will boost housebuilding demand, says Henry Boot bos...

An eight meter long giant has appeared in Canary Wharf

A ‘giant’ made up of fake bank notes has appeared in Canary Wharf
A ‘giant’ made up two thousand fake bank notes has appeared in Canary Wharf – in a warning to Brits about ‘sleeping savings’.
Steve Richmond

Persimmon has hiked the number of homes it thinks it can sell this year amid “positive tailwinds” from the Government’s planning reforms. (Photo by Nicholas.T.Ansell/PA Wire)

Persimmon reports improving sales as it raises targets

Housebuilder Persimmon is expected to report a rebound in profits next week after two years of steep declines, after the housing market made a slow recovery in 2024. The FTSE 100 company will post its financial results for last year on March 11. (Photo by Gareth Fuller/PA Wire)

Housebuilder Persimmon set to post higher profit

Chancellor of the Exchequer Rachel Reeves during her visit to RAF Waddington in Lincolnshire. Picture date: Friday February 28, 2025.

Rachel from accounts? We can't wait to meet Rachel the chief-of-Treasury and fir...

Susan Allen is CEO of Yorkshire Building Society

Yorkshire Building Society profits fall by over £100m

Joint accounts can be a convenient way for some couples to manage their finances, but there are some potential pitfalls to consider first. ( Photo by Alamy/PA)

'Consider pitfalls before agreeing to joint bank account'

Joe Phelan shares his expert insight

How small firms can protect themselves from late payment problems

Chancellor Rachel Reeves in Driffield, East Yorkshire. Credit: Ian Forsyth/PA Wire

Private school fee increases drives inflation to 10-month high

(Photo: Christopher Furlong/Getty Images)

Inflation hits 10-month high driven by travel and food cost increases

Chancellor Rachel Reeves recording a broadcast clip in Downing Street. PIC: PA Video/PA Wire

Why the Chancellor is right to remain cautious despite economy eking out growth

Joe Phelan shares his expert insight

Business savings accounts can help SMEs thrive: Joe Phelan

Tom Simpson shares his expert insight

How YBS expects stamp duty changes to impact region's housing market
At the start of the year, Yorkshire Building Society released analysis showing first-time buyers bounced back strongly in 2024.
Tom Simpson

(Photo: Dan Kitwood/Getty Images)

Bank of England cuts interest rates to 4.5% - what that means for you

First-time buyers are feeling more optimistic about the housing market than a year ago, new research suggests

First-time buyers increasingly upbeat about housing market

Beal Homes's Ferriby Meadows development in North Ferriby. Picture supplied by Beal Homes

Consumer confidence needed to kickstart building, say Yorkshire housebuilders

The number of mortgage approvals to home buyers edged upwards month-on-month in December, according to Bank of England figures. (Photo by Joe Giddens/PA Wire)

Rise in mortgage approvals brings hope to housing market

Professor Alan Taylor of the Bank of England's Monetary Policy Committee at Leeds University Business School (Photo supplied by University of Leeds)

'Bank of England is right to focus on cashflow squeeze'

Professor Alan Taylor (left) of the Bank of England MPC is interviewed by Greg Wright of The Yorkshire Post at the University of Leeds. (Photo supplied on behalf of Leeds University)

Alan Taylor delivers inaugural MPC speech in Leeds

Leeds' skyline pictured last year. PIC: James Hardisty

Leeds is becoming a financial powerhouse

Chancellor of the Exchequer Rachel Reeves speaking in the House of Commons

Why small drop in inflation is big relief for Rachel Reeves: The YP says

Chancellor of the Exchequer Rachel Reeves. Credit: Dan Kitwood/PA Wire

Surprise inflation dip relieves pressure on Rachel Reeves

Dan Dickinson

Businesses’ profit growth to stall following rising employment costs announced i...

Andrew Milnes

Outlook for mortgage market in 2025 is 'optimistic'

Mrs Reeves said that there will be "more good jobs" in areas where Leeds is already leading, such as financial services, as a result of work by the National Wealth Fund.

Shopping and manufacturing dips pile pressure on Rachel Reeves

Banknote printer De La Rue has revealed talks to sell up to a 40% stake in the business for £98 million as it also explores a possible sale of the currency division. (Photo by Yui Mok/PA Wire)

De La Rue in talks over near-£100m deal to sell stake

Culture Club.

Gig review: Culture Club at First Direct Arena, Leeds

Yorkshire-based property company Rushbond Group has secured planning permission for the redevelopment of the Bank House office building in Leeds City Centre , once the regional headquarters of the Bank of England. (Photo supplied by Rushbond)

New lease of life for former Bank of England office

Not her cup of tea: Chancellor Rachel Reeves is in Brussels to discuss a 'more business-like' relationship with the EU as she decries the chaos and division that went before this Labour Government (photo: PA)

Chancellor Rachel Reeves and the EU: Brexit ice is beginning to thaw

A pedestrian looks at residential properties displayed for sale in the window of an estate agents' in Windsor, west of London, on July 29, 2023. (Photo by JUSTIN TALLIS / AFP)

Expect busy property market at start of 2025 ahead of major stamp duty changes

Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture: Benjamin Cremel/PA Wire

Millions face major hikes in mortgage repayments by 2027

Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street, London, with her ministerial red box before delivering her Budget in the Houses of Parliament. Picture: Jordan Pettitt/PA Wire

CBI boss Rain Newton-Smith leaps to defence of Rachel Reeves in CV row

Bank of England Deputy Governor, Markets and Banking, Dave Ramsden told The Yorkshire Post: "The key news we've had is inflation coming back to target but it's still right to describe things as normalising rather than fully back to normal." (Photo by Henry Nicholls/PA Wire)

We're back into a more normal situation, says Dave Ramsden

Education Secretary Bridget Phillipson leaves 10 Downing Street, London, following a Cabinet meeting. PIC: Lucy North/PA Wire

Time to tackle university vice-chancellor pay - Jayne Dowle

Donald Trump has a large list of major policies he has said he will begin to enact on the first day of his new presidency (Matt Rourke/AP)

Donald Trump's election just start of big changes facing businesses: Beckie Hart

Bank of England Governor Andrew Bailey (C) attends the central bank's Monetary Policy Report press conference at the Bank of England on 7 November 2024 (Photo: Henry Nicholls - WPA Pool/Getty Images)

Bank of England cuts interest rates again - what it means for you

HW Group – an executive search specialist which serves some of the world’s biggest brands - has launched a new finance division to meet the growing demand for expertise in the North. (from left Ross Broad, David Clamp, Rafi Davies and Ryan Johnson) (Photo supplied by HW Group/ Simon Vine Photography)

Executive search specialist launches new finance arm

UK Business insolvencies surge amid rising interest rates and energy price crisis

Ad Feature UK Business insolvencies surge amid rising interest rates

Paul Mount of the Bank of England. (Photo by Allan McKenzie/AMGP.co.uk)

'Hotbed of talent is supporting Bank of England's expansion in Leeds'

(Photos: Getty Images/Pexels)

Odds of a Premium Bonds win will worsen this year as NS&I cuts prizes

(Photos: Getty Images)

UK inflation drops below Bank of England target: what it means for you

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