The Bank of England is asking the British public to nominate a scientist for a new plastic 50-pound note that will replace the current paper version.
The Bank of England keeps interest rates on hold as real wages fall and consumers suffer biggest loss of spending power in 40 years.
BoE will have to write to Chancellor after breaking through 2% target ceiling to reach 3.1% in November.
Bank of England raises interest rate to 0.5 per cent in the first hike in a decade
The pound has hit a one-year high after UK inflation climbed to its highest rate in more than five years.
The Consumer Price Index showed
Interest rates in the UK have again been kept at their record low level of 0.25 percent
The new data complicates the debate among Bank of England officials over the need for higher interest rates
ATM 50 years of churning out the cash
The Bank of England has ordered British banks to build up billions in cash reserves.
It says capital buffers will need to be raised by nearly 13
UK central bank cuts 2017 growth forecast only slightly, warns wages not keeping up with higher inflation means difficulty for British households.
Bank of England calls for Article 50 stress tests
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.
Business Line reviews some of 2016's main economic changes and the responses of the Federal Reserve, the European Central Bank and Bank of England.
The Bank of England’s new plastic five pound note has fallen foul of vegans and members of the UK’s Sikh and Hindu communities.
The latest UK business surveys seem to show the economy losing steam with company bosses lacking confidence about investment and hiring workers.
The Organisation for Economic Cooperation and Development says global economic growth will flounder this year and next as globalisation stalls.