Now playing Next Economy UK central bank raises growth outlook Bank of England raises forecast for UK economic growth this year, in no hurry to put up interest rates, sees inflation at 2.8 percent in early 2018. 02/02/2017
Now playing Next Economy Brexit linked weaker pound boosts UK inflation to 1.6% Inflation in Britain rose strongly in December as the Brexit vote caused the pound to weaken pushing up the cost of imported raw materials. 17/01/2017
Now playing Next United Kingdom Have economists' Brexit forecasts been too negative? Several economists have admitted they were mistaken to predict the UK economy would immediately suffer after the vote to leave the EU. 07/01/2017
Now playing Next Economy UK inflation slips but Bank of England warns of price rises ahead Inflation in Britain slipped slightly in October, but Bank of England Governor Mark Carney has warned higher prices are on the way in the UK. 15/11/2016
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 Inflation means inflation with post-Brexit price rises Inflation in Britain jumped in September, and it was mostly more expensive clothes and costlier fuel which pushed it up, rather than the weaker pound. 18/10/2016
Now playing Next Markets Bank of England's Carney says inflation and price rises will make things difficult for some Bank of England Governor Mark Carney has warned inflation will rise with the falling value of the pound pushing up prices. 14/10/2016
Now playing Next Markets Pound hammered by flash crash The pound suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes - a so-called flash crash. 07/10/2016
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 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 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 Brexit sparks London commercial property panic London's commercial property market has been shaken up by the Brexit vote with property funds having to be frozen to stop investors taking all their money out. 08/07/2016