Governor, Bank of England; Chair of the MPC
Appears in 2 stories
Casting-vote rate cutter as the committee nears a contested “neutral” level
This cut had courtroom drama energy. The Bank of England dropped rates to 3.75%—but only because Governor Andrew Bailey switched his vote and made it 5–4. The immediate market read was hawkish-by-UK-standards: sterling rose and gilt yields ticked higher as traders pared back expectations for rapid 2026 easing.
Updated Dec 18, 2025
Filed the core lawsuit that first put SAVE under the Eighth Circuit’s microscope.
Joe Biden sold the SAVE plan as a fix for a broken student loan system: smaller payments, faster forgiveness, and protection from ballooning interest for millions. Eighteen months, two Supreme Court losses, and a barrage of lawsuits later, Donald Trump’s Education Department has cut a deal with Missouri and other Republican-led states to kill SAVE and shove its 7‑plus million borrowers into more expensive plans.
Updated Dec 11, 2025
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