View more on these topics

BBA cancels annual summer bash

The British Bankers’ Association told its members last week that the industry needs “to think long and hard about its collective behaviour”, as it cancelled its annual summer party as a result of the growing pressure on the UK banking sector.

Its annual summer party which it holds for members was due to take place on July 4.

But in an email sent out by the BBA’s outgoing chief executive Angela Knight, she argued that in the current circumstances it would be wrong to proceed with the reception last week.

She said: “We regret the short notice but our industry needs to think long and hard about its collective behaviour and I am sure you understand this is not the time for such an event to take place.”


Richard Woolnough

Is Bank preparing for £375bn more QE?

Another £375bn in quantitative easing (QE) could be pumped into the UK economy over the next three years if Mervyn King’s outlook is correct, M&G fund manager Richard Woolnough points out. At the end of June, Bank of England governor King told the Treasury Select Committee that the crisis is far from over. “All the […]

House prices may not fully recover for at least another decade, warns PwC

Housing prices won’t return to 2007 levels until the mid-2020s according to PwC’s latest UK Economic Outlook. In nominal terms, house prices could return to peak levels by the middle of the decade but in real terms, the progression is likely to be considerably slower as the ongoing sovereign debt crisis in Europe continues to […]


Even the euro issues have taken a back seat in the news for the time being as Lie-borgate (see what I did there?) rumbles on with the Bank of England and various politicians being dragged once more through the mire. Barclays has proved that Diamonds are not forever and other high profile leavers include the chief of the much maligned Money Advice Service.


News and expert analysis straight to your inbox

Sign up