CPI, Consumer Price Index, fell just 0.2 pct today as the high cost of fuel continues to remain a pressure on the average household expenditure leaving inflation invariably high.
The Bank of England has decided to keep interest rates on hold for a fourteenth consecutive month despite a split in last month's decision to hold it at 0.5 pct.
Next week will see the Bank of England make its latest decision on interest rates and could see Monetary Policy Committee members take a good look at the possibility of raising interest rates.
Leaders of the Group of Eight Industrialised Nations have ended their summit without an agreement on an international bank tax.
Shares in British banks were mixed on the FTSE 100 in morning trading ahead of this weekend's G20 meeting in Canada.
The Bank of England has told its banks to cut bonuses and reduce dividends to provide for a 'considerable' risk in the Eurozone.
Hector Sants, Chief executive of the FSA. has announced continuing reform under his tenure at the regulator's Annual General Meeting.
Britain's toughest package of austere measures are to set the tone today in George Osbourne's first Budget as Chancellor of the Conservative minority Government.
The rate at which banks are writing off bad debts are falling according to the Bank of England, although demand for new loans remains slow.
'Rule Britannia' is the message that one brokerage, Nomura is giving these days, after Prudential’s failed bid for AIA, highlights the need for ‘British’ businesses to target a ‘British market’.
Macro-prudential regulation has returned to its maker, today after the Government announced it would be restoring the UK's Central Bank - the BoE as the chief regulator of the financial system.
UK Unemployment has increased 0.1 pct with the jobless rate at 7.9 pct for the three months to April 2010.
A survey by the Bank of England on public attitudes to inflation found that respondents believed the rate of inflation over the coming year will be 3.3 per cent, the highest since August 2008 and up from 2.5 per cent reported in February.
The Bank of England has kept interest rates at a record low of 0.5% for the 13th consecutive month.
When The Bank of England's (BoE) Monetary Policy Committee meets later this week, they are certain to maintain the same low benchmark rate of 0.5% that they've had since March 2009.
Mortgage approvals rose in April whilst net mortgage lending remained down as the Bank of England released its latest set of data Wednesday.
De la rue, the banknote printer for the Bank of England, has announced that profits remain unchanged despite increase in sales this year.
The Bank of England's Monetary Policy Committee voted unanimously in favour of holding interest rates at 0.5 per cent at its meeting on 7-10 May, held the week after the general election.
