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Banking Times: Daily Banking News (Free subscription) | 30/08/2008
A member of the Monetary Policy Committee (MPC) has warned that without a cut in interest rates, house prices could slump by 30% and 2 million could be unemployed by Christmas. Professor David Blanchflower, part of the Bank of England’s MPC, made his stark assessment in an interview with news agency Reuters. Professor Blanchflower has called for [...]
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Slugger O'Toole (Free subscription) | 29/08/2008
Have you ever heard of Blanchflower ? You have now. To most of us, the name conjures up fond memories of two great Belfast footballing brothers of the 1950s and 60s. But now there's a new Blanchflower David. (no relation as far as I know). David Blanchflower moves into history as the first member of the Bank of England monetary policy committee (MPC) to break ranks and give a stark warning of deep...
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The Independent (Free subscription) | 29/08/2008
David Blanchflower paints a vivid picture of what's been going on in recent meetings of the Bank of England's Monetary Policy Committee. His colleagues have been asleep at the wheel of the good ship Economy and he's failed to rouse them, despite ever louder warnings of a recession-shaped iceberg looming large.
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The Independent (Free subscription) | 29/08/2008
David Blanchflower paints a vivid picture of what's been going on in recent meetings of the Bank of England's Monetary Policy Committee. His colleagues have been asleep at the wheel of the good ship Economy and he's failed to rouse them, despite ever louder warnings of a recession-shaped iceberg looming large.
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Evening Standard (Free subscription) | 28/08/2008
Around two million people will be unemployed by Christmas as the credit crunch bites, a key Bank of England policymaker warned yesterday. Professor David Blanchflower said he predicts 2,000 people will lose their jobs every day over the next four months.
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Talk about Newsnight (Free subscription) | 28/08/2008
It was his namesake , footballer Danny Blanchflower who famously said "we need to get our retaliation in first". Today, rebel MPC member Professor David Blanchflower has broken with Bank of England protocol to do exactly that. He has called for a big, fast rate cut, a fiscal stimulus to the economy and in general indicated that both the government and the Bank need to get their fingers out. The move...
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Reuters UK (Free subscription) | 28/08/2008
LONDON (Reuters) - Two million people may be out of work by Christmas and big cuts in interest rates are needed now to stop the economy heading into a deep and prolonged slump, Bank of England policymaker David Blanchflower told Reuters.
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Scotsman.com (Free subscription) | 24/07/2008
DAVID Blanchflower, the only Bank of England policymaker who voted for a cut in interest rates this month, is likely to become an increasingly isolated voice as inflation gath
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Reuters UK (Free subscription) | 22/07/2008
LONDON (Reuters) - David Blanchflower is certain to have repeated his call for lower interest rates at the Bank of England's July rate-setting meeting, so the question is whether any other Monetary Policy Committee members joined him.
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Tangled Blog (Free subscription) | 22/07/2008
I see that UK house prices could plunge a further 30 per cen t in the property market crisis, a key member of the Bank of England has warned.The assessment from David Blanchflower, a member of the Bank's interest rate-setting committee, would mean about £55,000 being wiped from the value of the average home, currently £180,350. At this level, house prices would return to the levels of 2003, a disaster...
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theRatandMouse (Free subscription) | 22/07/2008
Mervyn King's position is unenviable. On the one hand... runaway inflation; on the other... falling house prices. What he could really use is some stability, some confidence returning to the property market, so that he could concentrate properly on...
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Dylan Jones-Evans (Free subscription) | 22/07/2008
I am sure you are all as confused as I am over the current state of the UK economy. On the one hand, we have David Blanchflower of the MPC stating that we are in recession already and need to cut interest rates now, and various commentators stating that we are about to crash . House prices continue to fall and manufacturing output is down . On the other hand, the price of oil is finally coming down...
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The Herald (Free subscription) | 22/07/2008
Monetary Policy Committee dove David Blanchflower has said the UK economy may already be in a state of recession and that the ride could be far rockier than the US, sending sterling into a dip.
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Christian Today (Free subscription) | 21/07/2008
The economy is heading into recession and interest rates should fall to well below their current 5 percent Bank of England policymaker David Blanchflower was quoted as saying in a newspaper interview
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The Guardian (Free subscription) | 21/07/2008
MPC member David Blanchflower thinks that interest rates should be slashed to avert a deep recession. Do you agree?
