Central banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. Now, add fighting the climate crisis to the list.
| UPDATED: 07:46, Mon, Mar 1, 2021
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The UK and EU are embroiled in discussions about financial rules and market supervision so that a memorandum of understanding (MoU) agreement is made by the end of March. But a draft document of the MoU has shown Brussels can approve direct market access for foreign financial companies if it believes their home market rules are at the same standard as the EU’s, under a system known as “equivalence.”
| UPDATED: 15:28, Sat, Feb 27, 2021
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ECB conference: Mario Draghi discusses policy stance Sign up to receive our rundown of the day s top stories direct to your inbox
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The former President of the European Central Bank, Mario Draghi, has been sworn-in as Italy s next Prime Minister. Mr Draghi, a prominent economist, accepted the top role on February 12 and later that day read out a list of ministerial picks designed to create consensus among political parties. Italy s government crisis was triggered in January when former Prime Minister Matteo Renzi s Italia Viva party withdrew its support from the coalition, amid a row over how to spend the €200bill
Rishi Sunak must finally tackle harsh realities
The Budget will show us whether the Chancellor is prepared to confront the two major conundrums facing the economy
27 February 2021 • 4:00pm
Rishi Sunak will this week deliver what could be the most important Budget speech since the aftermath of the 2008 financial crisis. Or it could be a Budget to forget.
The significance of Wednesday’s statement won’t hinge on the Chancellor’s taxation and spending measures. It will be determined by whether or not he focuses on tackling and resolving the two major policy conundrums now facing the UK economy – either of which could define an era, upending politics and impacting millions of lives.