Bank of England governor Mark Carney to face grilling on future after Downing Street intervention September 3, 2018 Mark Carney faces a grilling on his departure from the Bank of England tomorrow after 10 Downing Street today insisted he is still on track to leave Threadneedle Street in 2019. Carney is currently set to lead the Bank until the end of June 2019, three months after the UK leaves the EU, but 10 [...]
Government aims for full fibre broadband coverage across UK by 2033 | City A.M. July 23, 2018 The government has outlined its ambition to bring full fibre to the entire of the UK by 2033 as it released its Future Telecoms Infrastructure Review (FTIR). The Department for Culture, Media and Sport also said it would be pushing to make super fast full fibre broadband installed as standard in new properties. Part of [...]
Runners and riders: Who will replace Mark Carney as Bank of England governor? May 8, 2018 The Bank of England will this week reveal its latest monetary policy decision, with investors having performed an abrupt u-turn on their bets it will raise rates. Investor bets indicate a probability of only seven per cent for a May hike, compared to an implied probability of more than 71 per cent at the end [...]
The beauty parade for the next Bank of England Governor has begun January 11, 2018 Not that long ago this column mentioned the fact that speculation over who would succeed Mark Carney as Governor of the Bank of England would begin in earnest this year. Just a few short weeks later and it has already begun. On Tuesday Reuters speculated as to who the possible successors to Mr Carney might [...]
Lord Adonis writes to Ofcom boss urging action plan to tackle mobile service disparity across the country December 18, 2017 The chair of the National Infrastructure Commission has written to the head of Ofcom for “urgent and radical action” to tackle the disparity in mobile services across the country. Lord Adonis said legal and regulatory changes should be considered, after figures revealed large parts of the country may not be getting the most basic services [...]
Will legally separating BT and Openreach be enough to give broadband customers a better deal? March 10, 2017 Kate Devine, head of home communications at MoneySuperMarket, says Yes. Legally separating BT and Openreach should be seen as a victory for broadband customers. It will offer a better deal for many, built on the promise to treat all customers equally in terms of repairs and services, in comparison to the current system, which is [...]
BT needs to be able to “hire and fire” Openreach board and had to get the deal done before starting pension negotiations March 10, 2017 BT chief exec Gavin Patterson has said having the ability to “hire and fire” the Openreach board was a red line that the telecoms giant couldn’t cross in agreeing a deal with Ofcom over the future of its infrastructure arm. And breaking the deadlock with regulators over Openreach’s independence was imperative before entering into negotiations with [...]
BT and Ofcom’s Openreach deal: Here’s how City analysts, competitors and consumer groups reacted March 10, 2017 BT and telecoms regulator Ofcom this morning announced that they'd settled their differences over the future of Openreach, the company that owns the majority of Britain's telecoms infrastructure. It's been a long road for both parties, and it did appear that Ofcom was going to be forced into going to European authorities to force through [...]
BT share price rises as it agrees solution with Ofcom after “long and challenging” debate over the future of Openreach March 10, 2017 Shares in BT were up more than three per cent as the market opened, after it emerged it will retain control of broadband provider Openreach, although the company will be carved out. Watchdog Ofcom announced this morning the "biggest reform of Openreach in its history is set to conclude" after the FTSE 100 firm met [...]
BT customers to see bills reduced by at least £5 under Ofcom proposals February 28, 2017 BT customers will see their landline-only bills cut by at least £5 a month, according to new plans published by communications watchdog Ofcom. The regulator conducted a review of the landline-only market, announced in December last year, and found that customers on such contracts – who are often elderly or vulnerable people who have remained with the [...]