Bank of England

With just under a week before the European Commission, the eurozone is on a knife edge. The International Business Times UK outlines the possible scenarios for the euro in 2012.

Tom Nicolson Dec 02, 2011

Manufacturing in the UK is shrinking at its fastest rate for almost two and a half years in a trend that is likely to lead to more job losses.

Tom Nicolson Dec 01, 2011

The governor of the Bank of England, Mervyn King, has stated his intentions to look after the UK banks “whatever direction the debt storms come from.”

Tom Nicolson Dec 01, 2011

Figures showing just 0.5 per cent growth for Britain's GDP remain unchanged after a second estimate.

Shane Croucher Nov 24, 2011

The continuing eurozone crisis will mean that the Bank of England will “inevitably” print more money to keep the British economy afloat.

Tom Nicolson Nov 24, 2011

A “bunged-up” Labour leader put the Prime Minister under pressure over the state of youth unemployment during a feisty PMQs session in the House of Commons.

Tom Nicolson Nov 23, 2011

Growth for 2011 and 2012 will only be no more than 1 per cent says the Bank of England.

Shane Croucher Nov 16, 2011

Inflation is 5 per cent for October, says the Office for National Statistics, still way above the government's 2 per cent target.

Shane Croucher Nov 15, 2011

Households have come under further squeeze due to the spike in energy bills and utility tariff hikes.

Geetha Pillai Nov 15, 2011

The Bank of England governor will be conferred knighthood at a Buckingham Palace investiture ceremony.

Geetha Pillai Nov 15, 2011

UK interest rates are held at 0.5%, the same rate since March 2009.

Shane Croucher Nov 10, 2011

London's Evening Standard newspaper has included Kate Middleton's sister on its latest list of the 1000 list of the most influential people in the British capital.

Emanuelle Degli Esposti Nov 08, 2011

The housing market in the UK has shown some resilience in the face of a rather subdued growth period, across the economy, for the month of October.

Geetha Pillai Nov 07, 2011

The new £50 note sends a patriotic message to British innovators and entrepreneurs remembering “what this country was built on.”

Nov 02, 2011

The UK’s economy grew last quarter that surprised economists and politicians alike, but the same figures warned Britain is heading for dismal final quarter.

Nov 01, 2011

Britain's inflation rate has risen to 5.2 per cent, the highest level for three years.

Oct 18, 2011

Consumer Spending Plunge as British GDP Growth Revised Down to 0.1%. Britain’s economic growth in the second quarter of 2011 has been unexpectedly revised down to 0.1 per cent.

Oct 05, 2011

The Bank of England will introduce next month a new £50 banknote, featuring the renowned 18th-century business partnership of entrepreneur Matthew Boulton and engineer James Watt.

Oct 01, 2011

Inflation figures released Tuesday show that UK inflation has reached a three year high thanks to a huge rise in the cost of both utility and food bills.

Sep 13, 2011

In his memior, Former Chancellor Alastair Darling accuses Gordon Brown of being a “brutal and volcanic” prime minister who undermined.

Sep 02, 2011

Vince Cable has denounced bankers as being 'ingenuous' and manipulative of the current economic turmoil. As increasing volatility and outstanding public debt become the focal points for a tottering economy, Cable asserts that it is absolutely, "disingenuous in the extreme to use the current context to argue against reform. Banks are in a way trying to create a panic around something, which they know has got to happen."

Aug 31, 2011

UK unemployment claims increased the most in two years adding pressure on UK Prime Minster David Cameron and Chancellor of the Exchequer George Osborne to rethink the speed at which they plan public sector cuts.

Aug 17, 2011

The Guardian has revealed that the latest inflation figures released on Tuesday will see rail fares rise by 8 percent.

Aug 16, 2011

UK Growth figures show that the economy grew between April and June with growth at 0.2 per cent in the last three months. The weak figure from the Office for National Statistics will put pressure on the government to boost growth. Chancellor George Osborne has said that the government will stick to its economic plan "in a world of very great uncertainty." There will now be growing calls from the shadow chancellor, Ed Balls, to adopt a plan B amid fears that the UK can't support the defi...

Jul 26, 2011

Eurozone leaders will meet in Brussels today to discuss a deal to save both the Euro and the Greek economy

Jul 21, 2011

Shares in British banks were broadly down on the FTSE 100 in morning trading ahead of interest rate decisions from the Bank of England and the European Central Bank.

Jun 09, 2011

It will soon be that time of the month again. Yes next week the Bank of England's Monetary Policy Committee will meet to determine interest rates, or to be more precise determine to hold interest rates.

Jun 03, 2011

British economic growth is likely to be less impressive than previously thought, according to the British Chambers of Commerce, who today published their revised growth projections for this year and the next.

May 31, 2011

Shares in British banks were mixed on the FTSE 100 in morning trading as ratings agencies threatened a downgrade while simultaneously hammering the eurozone.

May 24, 2011

John Hayes, the Minister of State for Further Education, seems to have lifted entire chunks from Wikipedia for a speech in the House of Commons.

May 17, 2011