Now playing Next Economy Bank of England drops planned UK interest rate cut The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017. 03/11/2016
Now playing Next Economy Bank of England governor Mark Carney to stay until June 2019 Bank of England Governor Mark Carney is to stay in that job until the end of June 2019 to help smooth Britain's departure from the European Union. 31/10/2016
Now playing Next Economy Brexit vote fears hit UK business sentiment The latest UK business surveys seem to show the economy losing steam with company bosses lacking confidence about investment and hiring workers. 10/10/2016
Now playing Next Economy OECD forecasts weak global growth, not enough to meet expectations of young and old The Organisation for Economic Cooperation and Development says global economic growth will flounder this year and next as globalisation stalls. 21/09/2016
Now playing Next Economy UK central bank signals new rate cut to head off Brexit vote slowdown Britain’s central bank has left the cost of borrowing unchanged but signaled a probable cut in the benchmark lending rate to just above zero later this year. 15/09/2016
Now playing Next Business Series 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. 05/08/2016
Now playing Next United Kingdom 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. 04/08/2016
Now playing Next Markets 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. 04/08/2016
Now playing Next United Kingdom Bank of England cuts the cost of borrowing to counter economic effects of Brexit vote The UK's central bank has cut its base interest rate for the first time in seven years, from 0.5 percent to 0.25 percent - a new record low 04/08/2016
Now playing Next Economy 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. 27/07/2016
Now playing Next Economy 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. 14/07/2016
Now playing Next Economy Bank of England surprises by keeping interest rates unchanged Keeping their powder dry the Bank of England's policymakers have left the cost of borrowing unchanged in Britain - for now. 14/07/2016
Now playing Next Economy 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. 12/07/2016
Now playing Next Economy 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. 05/07/2016
Now playing Next Economy 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. 30/06/2016
Now playing Next Economy 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. 24/06/2016
Now playing Next United Kingdom 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. 24/06/2016
Now playing Next Economy Bank of England spat with Vote Leave over Brexit comments The Bank of England governor Mark Carney has clarified comments he made on the upcoming EU referendum. 16/06/2016
Now playing Next Economy UK April inflation slips Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015 as the cost of airfares and clothes fell. 17/05/2016
Now playing Next Economy UK central bank warns 'Brexit could trigger recession' Bank of England Governor Mark Carney has stepped up his warnings about the economic risks if Britain votes to leave the European Union, with even the possibility of a technical recession. 12/05/2016