Rolling coverage of the latest economic and financial news
- Latest: FTSE 100 closes in red, but off lows
- Wall Street rallies after two days of heavy falls
- US jobless claims drop to 473,000 last week
- US PPI inflation jumps
Earlier:
- Bond yields rise as inflation worries weigh on markets
- BT to create 7,000 UK jobs in broadband push
- Bitcoin slides after Elon Musk says Tesla won’t accept it
Here’s our round-up of how the Bank of England governor tried to calm inflation worries today, as shares in London staged a partial recovery from this morning’s slump:
Related: Bank of England head says drivers of inflation will not persist
David Cameron was on Thursday told that his persistent lobbying of ministers, begging for favours on behalf of the controversial bank he worked for, had “demeaned” the position of the prime minister and left his “reputation in tatters”, my colleague Rupert Neate reports.
The former prime minister was forced to deny that his text message and WhatsApp lobbying campaign on behalf of Greensill Capital was driven by fears that an “opportunity to make a large amount of money was at risk”.
Related: Greensill lobbying leaves your reputation in tatters, Cameron told
