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Woman who led Northern Rock response chosen as Bank of England’s deputy governor

The Bank of England has chosen the woman who led its response to the Northern Rock crisis to become its next deputy governor. Sarah Breeden will become deputy governor for financial stability when the current incumbent, Sir Jon Cunliffe, departs ...

01 Aug 2023 at 15:59

City

Inflation could overshoot forecasts, says incoming deputy Bank governor

Incoming Bank of England deputy governor Sarah Breeden said that price rises are more likely to overshoot than undershoot forecasts but that she expects the Government to reach its target to halve inflation by the end of the year. In a response ...

12 Sept 2023 at 12:37

Bank of England MPC member ‘less concerned’ that rates might have to rise

A member of the Bank of England’s interest rate-setting panel has said she is “less concerned” now than in December that rates might have to rise further. Sarah Breeden said that less than two months ago she was still worried that persistent ...

07 Feb 2024 at 18:09

Lessons must be learned from gilt market crisis, Bank executive says

Lessons must be learned from the gilt market turmoil that briefly destabilised the UK economy, an executive director at the Bank of England has said. Sarah Breeden, who oversees the UK’s banks and building societies, said that the Bank’s ...

07 Nov 2022 at 12:26

Trump tariffs likely to hit UK growth, warns Bank of England policymaker

US President Donald Trump’s tariffs are likely to hamper economic growth in the UK but it is “too early to call” the impact they will have on inflation, a Bank of England policymaker has said. Sarah Breeden, the Bank’s deputy governor ...

10 Apr 2025 at 15:29

Firms to pass on tax hikes through lower wages in long run, Bank executive says

A Bank of England deputy governor has predicted that higher national insurance taxes for UK businesses will lead to lower wages for staff in the “long run”. Sarah Breeden, the Bank’s deputy governor for financial stability, also said ...

10 Jan 2025 at 08:23

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