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...This was a gloomy set of results from Marshalls, as suggested by a 10 per cent markdown of the shares....
...UK government bonds led a global rally on Tuesday as Bank of England governor Andrew Bailey told a parliamentary committee that the UK didn’t need inflation to come back to its 2 per cent target before it...
...“It is all very well setting policy based on domestic inflationary dynamics,” he said, referring to recent comments by Bailey and Lagarde. He added: “I don’t think markets really believe them....
...“It’s like the Sherlock Holmes dog that doesn’t bark. If the second-round effects don’t come through, that’s good because monetary policy has done its job,” he said....
...“We aren’t holding out much hope for either,” admitted one Tory strategist. Campaigning by senior Conservatives has been low profile....
...“Or sometimes even better, because you don’t have to queue.”...
...We haven’t ignored that,” Bailey said. But he added: “The depth and breadth of the work we do will be trimmed back somewhat. We will focus on core financial stability risks . . ....
...“We don’t need obviously inflation to come back to target before we cut interest rates,” Bailey said. “I must be very clear on that, that’s not necessary.”...
...We don’t want to leave the Marshall Islands, so when we’re talking about having people move, we’re talking about internal migration....
...These are also conditional forecasts (although with underlying models I don’t like much)....
...The Bank says lots of things and, particularly if Bailey says them, people tend to listen....
...We can’t organise social interaction 24/7....
...Marshall’s ambition has been to make work whose presence would compete. “When I was growing up, I didn’t see a painting [of black figures] 20ft by 15ft,” he says....
...“Everybody wants that Cristiano Ronaldo on their team, but there aren’t very many Cristiano Ronaldos,” said Marshall, who co-founded the London-based group in 1997 with Ian Wace....
...At a press conference with Bernanke, Andrew Bailey outlined the reservations of some MPC members about publishing an interest rate forecast....
...Maralyn didn’t learn to swim; Maurice didn’t learn to socialise. Neither wanted children. They didn’t take a radio, so as to “preserve their freedom from outside interference”....
...“We’ve got some pretty big plans,” Bailey added....
...It’s true to say that she is a weaker candidate than Bailey, but she has also faced less severe scrutiny than Bailey did....
...I just don’t think the headline figures give a good guide to the persistence.” He added: “This is a long, slow process.”...
...But the Marshall Plan wasn’t just about money. It inspired hope in the face of despair. In the darkest of times, it propelled people towards a brighter future....
...“I refuse to be invisible” is the title of Njideka Akunyili Crosby’s breakthrough work, a response to Marshall’s “Untitled (Painter)” — “I don’t think any work has had an effect on me like that . . ....
...One official said: “To have people talking about recession in an election year isn’t good for Rishi Sunak. His selling point was supposed to be that he knew how to run the economy.”...
...Additional reporting by Mary McDougall Letter in response to this article: Expect more calls for rate cuts if pay and prices don’t pick up / From Richard Barwell, Head of Macro Research, BNP Paribas Asset...
...If her previous album The Heart Speaks in Whispers flirted with the musical unknown (“You wouldn’t recognise me now,” Bailey Rae sang in an expansive moment), then Black Rainbows steps over the precipice...
...The name recalls Monty Python, but that doesn’t stop Eric loudly announcing his inclusive bona fides. “I’m trying to reach out to other cultures so we don’t get left behind!”...
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