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).

Less than one in fifteen home buyers recognise low interest rates and inflation as a key reasons for Britain's house price boom, according to research from Propertyfinder.com.

The Bank of England's Monetary Policy Committee (MPC) has decided to keep interest rates at 5.75% following a meeting today.