Bank of England

November is the most likely month to see a change in interest rates, indicating the Bank of England may cut rates next week, according to Legal and General.

The Chancellor, Alistair Darling, has dismissed a Treasury Select Committee suggestion to merge the FSA and the Bank of England.

The Bank of England says there is evidence some lenders may already be returning to making irresponsible lending decisions.

The Bank of England has rejected claims by Northern Rock's chief executive, Adam Applegarth, that it caused the collapse of talks with a potential saviour for the firm by refusing to provide a funding facility.

Minutes from the Bank of England's Monetary Policy Committee (MPC), released today, have raised hopes the Bank might cut interest rates in the new future.

Northern Rock's top managers, including chief executive Adam Applegarth, have today faced a grilling from the Treasury Select Committee in Parliament, in which MPs said they should resign.

A consortium led by Richard Branson's Virgin Group is reported to have put forward a proposal to rescue Northern Rock.

The Bank of England's financial backing for Northern Rock is rapidly approaching £13bn, according to New Star economist Simon Ward.

Virgin Group is reported to be considering taking a majority stake in troubled mortgage lender Northern Rock.

The UK housing market is experiencing negative growth for the second successive month, according to the Royal Institute of Chartered Surveyors (RICS).