Lost decades for Greek incomes tell different story to recovery narrative
The final 2026 budget submitted to Parliament in November reaffirmed Greece’s strong fiscal performance and the sustained trajectory of declining debt.
Nature at risk: Implications for the euro area economy and financial stability
Degraded ecosystems undermine productivity, disrupt supply chains and heighten vulnerability to shocks, creating risks for the real economy and the financial sector. Biodiversity loss and ecosystem degradation also pose a growing risk to price stability, with increasing evidence that ecosystem shocks contribute to inflationary pressures in the euro area.
Financial Policy Committee Record - December 2025
Our Financial Policy Committee (FPC) meets to identify risks to financial stability and agree policy actions aimed at safeguarding the resilience of the UK financial system.
5 Lessons from the End of the Larry Summers Era
Summers’ influence was immense, but so were his blind spots. It’s time for economics that values people and the planet over power and prestige.
The era of Larry Summers’ dominance in American economics is over. It’s a good moment to take stock.
Many super funds are still failing retirees, even as millions prepare to stop work
vitaly gariev/UnsplashToo many superannuation funds are still failing to provide sufficient support to retirees, three years after being urged to lift standards, Australia’s top regulators have warned.
This failure to prepare comes despite the massive demographic wave of Australians already in or about to enter retirement.
Statistical Notice 2025/5 - Confidentiality Permission Review 2026
Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder
Why meetings can harm employee well-being
Every meeting should start with a simple question: why are we meeting? Dotshock/ShutterstockAnyone working in an organisation knows it: meetings follow one after another at a frantic pace. On average, managers spend 23 hours a week in meetings. Much of what happens in them is considered to be of low value, or even entirely counterproductive.
Why Rachel Reeves chose a ‘smorgasbord’ of tax tweaks – and the risks involved in that approach
Andrzej Rostek/ShutterstockChancellor Rachel Reeves has delivered her second budget, in which she raised taxes by £26 billion. This will take the UK tax burden to an all-time high of 38% of GDP by 2030-31. But it will also more than double Reeves’ “fiscal headroom” to £22 billion.
New York’s wealthy warn of a tax exodus after Mamdani’s win – but the data says otherwise
Wealthy New Yorkers have threatened to leave the city if Mayor-elect Zohran Mamdani follows through on his promise to raise taxes on the rich. Charly Triballeau/AFP via Getty ImagesNew York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%.
Remit and recommendations for the Financial Policy Committee – November 2025
Letter from the Chancellor to the Governor
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