The U.K.'s plan to lure more rainmakers to the City of London: Let investment banks pay them bigger bonuses, sooner. The City lost jobs to Europe and New York after the U.K. voted for Brexit in 2016.
LONDON—The Bankof England left its key interest rate unchanged ... While it opted to stand pat at 5%, the U.K.’s centralbank said that it is likely to follow up on an August cut over coming ...
The centralbank cut rates from 5.25% to 5% in August, the first reduction since 2020 and a boon for squeezed borrowers. Andrew Bailey, governor of the Bankof England, said on Thursday ...