Bank of England

Consumer confidence has fallen further in September after remaining stable through the summer, according to Nationwide's consumer confidence index.

The Bank of England will have a statutory responsibility to maintain financial stability following the introduction of a new banking bill.

UK lending is set to fall even further as banks and building societies react to falling house prices and the economic downturn.

The Bank of England will ease its lending criteria for short-term loans in order to help banks during the liquidity crisis.

The Bank of England's weekly cash auction has seen a huge upsurge in demand as the money markets become increasingly strained.

The UK is likely to suffer a recession over the next twelve months, but it will be mild in comparison to those of the past, according to Andrew Sentence, a member of the Monetary Policy Committee (MPC).

The Bank of England has extended its special liquidity scheme until the end of January next year.

The Bank of England's Monetary Policy Committee (MPC) voted 8-1 to keep interest rates on hold in September.

Bank of England governor Mervyn King has admitted no form of regulation or special funding will solve the current mortgage lending crisis.

House prices have fallen by 12.7% over the past twelve months, according to figures from the Halifax.