With less than eight months to go until Britain quits the European Union, the Governor of the Bank of England has issued a warning.
That's according to the Bank of England Governor Mark Carney who says it'll prompt a review of interest rates and leave many bankers idle
Britain's banks could deal with a hard Brexit next March if necessary. That's according to the Bank of England's Governor. Mark Carney rejects the European Union's warnings that lenders are inadequately prepared
According to official figures the UK economy expanded by less than previously thought in the last three months of 2017
The Bank of England has revised its forecasts for the UK, saying that it now hoped that interest rates could rise faster than previously predicted
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
Unemployment is at its lowest level for more than four decades but inflation threatens to rise
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
Optimism among businesses in Britain's services sector is now higher than at any time since June's vote to leave the European Union.
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 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.
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.
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.
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.
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.