Bank of England

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.

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.

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

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."

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.

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

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...

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

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.

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.

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.

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

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.

The Office for National Statistics is expected to release United Kingdom inflation data for April that will show a rise in the rate of inflation.

The Bank of England is expected to release its quarterly inflation report tomorrow and the expectations are that, for the fourth time in a row, the BoE will be revising up its inflation forecast while maintaining a commitment to low interest rates.

The latest minutes of the meeting of the Bank of England's Monetary Policy Committee revealed that the MPC was once again split on keeping interest rates at the historic low of 0.5 per cent.

The Office for National Statistics is to release Britain's inflation data for March tomorrow. The figures which are expected to make uncomfortable reading for the Bank of England's Monetary Policy Committee.

Shares in British banks were up on the FTSE 100 in afternoon trading following the news that Portugal has asked for a bailout from the European Union.

Both the Bank of England and the European Central Bank will be announcing their interest rate decisions tomorrow, and while no change is expected from the BoE there could be movement at the ECB.

Tomorrow the Bank of England is due to release the minutes of this month's meeting of the Monetary Policy Committee, which, yet again voted to keep interest rates at the historic low of 0.5 per cent.

Shares in British banks were mixed on the FTSE 100 in morning trading after a barrage of news and reports over the weekend about the future of banks and regulation.

During the height of the financial crisis, the U.S. dollar spiked as investors fled to the quality and safety of what is considered to be the world's reserve currency. Peaking in March 2009, the dollar has had but one strong rally since. That occurred in late spring 2010 as worries that the U.S. might experience a double-dip recession heightened. As equities were sold investors once again plowed into the valued destination of the dollar. In both instances the dollar's store of value be...

Shares in British banks were broadly down on the FTSE 100 in morning trading ahead of the Bank of England's next announcement on interest rates.

A recent report on economic activity in Britain was stunningly anemic. It showed the U.K. economy actually contracted in the fourth quarter of 2010 by 0.5 percent. The troubling aspect was not just that it underwhelmed expectations, but that it comes at a time when inflation is rising to an uncomfortable level. Increasing prices have prompted discussions of a tightening in monetary policy by U.K. central bankers. Inflation rose to 3.7% in December, well above the official target of 2%, and s...

Shares in British banks were broadly up on the FTSE 100 in morning trading ahead of minutes from the Bank of England, expected today.

With flagging economies and worries about austerity measures further crimping growth, about the last thing central bankers from the U.K. and Europe need to consider is combating inflation. But that is exactly what is being heaped upon decision-makers at the moment.

Shares in British banks were broadly up on the FTSE 100 in morning trading as debt concerns in the eurozone were eased and ahead of a statement from the Bank of England.

A sharp recovery in the construction sector has led to stronger than expected GDP growth. Analysts had predicted growth of around 0.4 per cent, however today the Office for National Statistics has said that GDP growth actually reached 0.8 per cent in th third quarter.

The Bank of England is due to make its monthly decision on interest rates next Thursday after the BoE's Monetary Policy Committee decided 8-1 to keep rates at 0.5 per cent last month.

The British Bankers Association has said that net mortgage lending by banks grew significantly in August.