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Business

A no-deal Brexit will have "big" economic consequences

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

Economy

Bank of England rejects EU's warnings

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

Economy

UK growth revised down as slow production hits

According to official figures the UK economy expanded by less than previously thought in the last three months of 2017

Economy

Plans for UK interest rate hike

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

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Economy

Bank of England keeps interests rates on hold

The Bank of England keeps interest rates on hold as real wages fall and consumers suffer biggest loss of spending power in 40 years.

Economy

UK inflation hits near six-year high

BoE will have to write to Chancellor after breaking through 2% target ceiling to reach 3.1% in November.

Economy

The Bank of England raises its interest rate to 0.5 pct from 0.25 pct, the first hike in 10 years

Bank of England raises interest rate to 0.5 per cent in the first hike in a decade

Economy

UK jobless rate stays at record low

Unemployment is at its lowest level for more than four decades but inflation threatens to rise

Economy

UK inflation rises to 2.9%

Economy

Brexit weighs on UK economy

Interest rates in the UK have again been kept at their record low level of 0.25 percent

United Kingdom

British pay growth lags further behind inflation, but jobless rate drops

The new data complicates the debate among Bank of England officials over the need for higher interest rates

World News

'hole in the wall' turns 50

ATM 50 years of churning out the cash

Economy

UK: Bank of England orders banks to build billions in reserves

Economy

Bank of England says solid economic growth is linked to 'smooth' Brexit

UK central bank cuts 2017 growth forecast only slightly, warns wages not keeping up with higher inflation means difficulty for British households.

Economy

Bank of England to 'stress test' banks as Article 50 day looms

Bank of England calls for Article 50 stress tests

Economy

UK services sector optimistic, CBI survey finds

Optimism among businesses in Britain's services sector is now higher than at any time since June's vote to leave the European Union.

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.

Business Line

It's not easy running a central bank in these strange political times

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.

United Kingdom

Bank note controversy in UK

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.

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.