London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there,

LONDON (Reuters) - The Bank of England delayed introducing new rules for banks to avoid putting British firms at a competitive disadvantage to the U.S. where President Donald Trump has promised to cut back on regulation for business, BoE Governor Andrew Bailey said.

The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods of turbulence in Britain's government bond market.

People can’t get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” one industry executive was quoted as saying.

The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.

The UK's central bank has launched an emergency lending facility to prevent a repeat of the hike in government borrowing experienced in 2022.

The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.

The Bank of England has opened applications for a new emergency lending tool which is designed to protect pension funds during times of severe market stress. The Contingent NBFI Repo Facility (CNRF) will provide crucial support to non-banking financial institutions by offering emergency loans during periods of market turbulence.

Bosses in the private sector expect a "significant fall" in activity over the next three months, according to a survey by the Confederation of British Industry (CBI).

The governor of the Bank of England, Andrew Bailey, has stated that significant decisions will be required to prevent the UK's public debt from escalating further. Bailey expressed his support for the government's initiatives to stimulate economic growth during his discussions with lawmakers on Wednesday.

Governor Andrew Bailey has stressed the need for the UK to increase its economic growth rate as Rachel Reeves set out plans to kick start the economy.

Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort