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Guy Fawkes' blog (Free subscription) | 31/08/2008
Bloomberg TV is tonight reporting the Standard & Poors credit rating agency predicting a fall of 30% in UK house prices (from 2007 peak) in 2009. Back in April Charles Bean, the Bank of England's Chief Economist, gave an under-reported speech that shook up the Gilts market. It should have shaken up everyone. According to Mr Bean the Bank's research found that 5% of mortgagors had less than 20% equity...
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Turkish daily news (Free subscription) | 26/08/2008
The Bank of England's new deputy governor warned yesterday that the global financial slowdown could "drag on for some considerable time".Charles Bean said that every time the
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FT.com (Free subscription) | 26/08/2008
The new deputy governor of the Bank of England sees no imminent end to the economic downturn, which he believes is as bad as the crash of the 1970s. Charlie Bean told...
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The Independent (Free subscription) | 26/08/2008
Charles Bean, the Deputy Governor of the Bank of England, probably wishes he had chosen his words a little more carefully. No one wants to hear from one of the stewards of our economy that he and his colleagues have their "fingers crossed" that things will improve, or that the slowdown is likely to "drag on for some considerable time". What people want in turbulent economic times is precision and...
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Liberal Democrats (Free subscription) | 26/08/2008
Commenting on remarks by Charles Bean , the Bank of England's deputy governor, that the financial slowdown could ‘drag on for some considerable time’, Liberal Democrat Shadow Chancellor , Vince Cable , said: “Charles Bean’s comments highlight the fact that the British economy is to a large extent in freefall and there’s not a great deal the Government or the Bank of England can do about it. “Ministers...
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Times Online (Free subscription) | 25/08/2008
Britain is facing a bout of social trauma as millions of overstretched families are hit by the financial fallout from another year of economic pain, the Bank of England's Deputy Governor suggested today.
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Financial Time (Free subscription) | 25/08/2008
Charles Bean, the new deputy governor of the Bank of England, has ruled out an imminent end to the economic downturn which he believes is as bad as the crash of the 1970s and could 'drag on for some considerable time'
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Finance Markets (Free subscription) | 25/08/2008
The current economic slowdown could ‘drag on for some considerable time‘ warns Charles Bean, the Bank of England’s deputy governor. Speaking to the BBC from the annual conference of the world’s leading central bankers in Jackson Hole, Wyoming, Mr Bean described the downturn as challenging as in the 1970s and that every time the markets improve, [...]
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Market Watch (Free subscription) | 25/08/2008
LONDON (MarketWatch) -- The global financial slowdown could "drag on for some considerable time," Bank of England Deputy Gov. Charles Bean told the BBC Monday. Bean, who spoke to the BBC from the meeting of global central bankers in Jackson Hole, Wyo., said the downturn was "as challenging a time as the 1970s." Bean said growth should pick up and inflation should fall next year if oil prices and credit...
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Times Online (Free subscription) | 25/08/2008
The current economic slowdown is likely to "drag on for some considerable time", the Deputy Governor of the Bank of England, Charles Bean, has warned.
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The Herald (Free subscription) | 26/07/2008
Bank of England deputy governor Charlie Bean played the sympathy card when explaining to an audience of industrialists last week the difficulty in setting interest rates.
