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Bank of England

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Business

More massive losses at Royal Bank of Scotland

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

News

Bank of England fights Brexit vote slowdown with stimulus

Britain's central bank has unveiled a series of stimulus measures to help protect the economy from the effects of the vote to leave the European Union.

Britain's central bank has unveiled a series of stimulus measures to help protect the economy from the effects of the vote to leave the European Union.

Business

Shares rise, pound drops on UK stimulus measures

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

Business

UK economy was growing before Brexit vote, retail sales fall since vote

Newly released statistics show that before the Brexit vote the UK's economy grew fairly robustly and after the vote British retailers suffered their sharpest fall in sales in four years.

Newly released statistics show that before the Brexit vote the UK's economy grew fairly robustly and after the vote British retailers suffered their sharpest fall in sales in four years.

Business

Bank of England surprises investors with no change to UK interest rates

The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.

The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.

Business

Bank of England's Carney defends Brexit warnings

Accused of putting out "scare stories" and "phony forecasts" before the EU referendum, Bank of England Governor Mark Carney has defended warnings about the economic risks of Brexit.

Accused of putting out "scare stories" and "phony forecasts" before the EU referendum, Bank of England Governor Mark Carney has defended warnings about the economic risks of Brexit.

Business

Bank of England eases rules for banks to encourage lending and meet Brexit challenge

Britain's central bank has announced further measures to protect from the effects of Brexit including lowering the amount of money that banks have to keep in reserve so more cash will be loaned out.

Britain's central bank has announced further measures to protect from the effects of Brexit including lowering the amount of money that banks have to keep in reserve so more cash will be loaned out.

Business

Bank of England flags up summer stimulus to counter Brexit effects

The Bank of England's Governor Mark Carney has said more stimulus will probably been needed for the UK economy over the summer to counter the effects of Brexit.

The Bank of England's Governor Mark Carney has said more stimulus will probably been needed for the UK economy over the summer to counter the effects of Brexit.

Business

Bank of England and ECB take measures to reassure markets

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

News

Bank of England poised to stem Brexit shockwaves

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.