Sat. Jan 16th, 2021

Chancellor appoints Andrew Bailey as new Bank of England governor – business live

Live coverage as head of City regulator chosen to lead at Threadneedle Street

12.57pm GMT

And for those of you trying to spend your cash during the Christmas rush, HSBC customers are reporting problems with their mobile and online banking.

The BBC is reporting that it’s the second glitch to hit the bank’s digital service in 24 hours, with the first hitting customers after 8pm Thursday but was fixed three hours later.

Have no fear! You still have internet, the elves had just got out in our server rooms and run amok, however we’ve put them all back in their pen now, and everything is sorted! If you have any more problems, get in touch, but most importantly, have a great Christmas! ^Chris

We’re aware some customers are having problems using Online & Mobile Banking. We’re really sorry and are working hard to fix this. Please check back here for the latest updates.

12.37pm GMT

The central bank news just keeps coming.

The Bank of England has now released its quarterly bulletin which gives a slightly worrying view of consumer spending.

In the 2019 H2 survey, households were asked why they expected to change their spending over the next 12 months due to Brexit.

Most households expecting to change spending due to the referendum result reported that higher prices were the key reason, with fewer households citing changes in income/income expectations or changes in job security.

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