Tag: bank of england

Science

New £50 note to feature British scientist

The Bank of England has announced that the face of the new £50 note will be a British scientist; the general public will be able to cast their votes on current nominees over the next six weeks. The Bank has said that the scientist could be from a wide range of fields. The current £50…

Finance

Bitcoin shareholders worried over warnings

The governor of the Bank of England (BoE) has called for elements of Bitcoin and other cryptocurrencies to be regulated to tackle illegal activity. In a speech made earlier this month, Mark Carney highlighted how cryptocurrencies fail at fulfilling the roles of money and act more like assets, exhibiting the “classic hallmarks of bubbles.” He…

Finance

The Finance Roundup

Interest rates set to rise The Bank of England has hinted that a rise in the interest rates could happen sooner than expected. Currently sitting at 0.5 percent, some economists are predicting a rise could come as soon as May this year. This would mean the cost of borrowing money will rise, and people will…

Finance

The finance roundup

Bank of England raises interest rates. For the first time in over a decade, the Bank of England has raised interest rates. The lon g-anticipated move is the first since July 2007, and restores interest rates to 0.5% – the rate it was at before it was cut to 0.25% after the EU referendum. The…