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Bitesized Blighty: November 3, 2017

Immy Ransom

  • On Thursday, the pound fell sharply after a gentle interest rate hike. The markets took fright at the Bank of England’s pessimistic growth forecasts and Mark Carney’s indication that rates will rise extremely gradually in the years ahead.
  • The latest institutions to be affected by cyber criminals have been art galleries. Cyber attackers have broken into art dealer email accounts and sent buyers duplicated invoices with the bank account details changed. Several galleries in London and the US have already been affected.
  • According to research from the University of Manchester and King’s College London, a quarter of Britain’s retirees change their minds and “unretire” back into the workforce. The proportion of people who work after they turn 65 has doubled to about 10 per cent since the turn of the millennium, while the share of 50 to 64-year-olds in work has climbed to a record 71 per cent.

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