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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.

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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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.