Bank of England

GORDON BROWN has been told to either cut spending or raise taxes, according to this morning's papers.

Members of the Monetary Policy Committee (MPC) voted unanimously to maintain the UK base interest rate at 4.5% earlier this month.

THE LEGAL TUSSLE between Equitable Life and Ernst & Young is mentioned in all this morning's papers with the case due to resume today, barring any last-minute settlement.

CITY ANALYSTS are now predicting the Bank of England's benchmark interest rate will be reduced before Christmas, according the Guardian, as the latest official retail data shows sales are beginning to struggle.

Inflation and growth will dip in the near term, but both are likely to increase by the 2007-8 period according to the latest quarterly inflation report from the Bank of England.

THE IFA network owner Misys faces a revolt next week over a controversial £1.2m retention bonus for two executives, despite offering concessions to leading investors, according to the Guardian .

Last month house prices had their biggest monthly gain since September 2004, research from the Halifax claims.

SPECULATION ABOUT the likely course of action the Bank of England will take over interest rates when its Monetary Policy Committee meets tomorrow is increasing as this morning's papers reveal.

Mortgage lending in the UK is rising at its lowest level since January 2002 the latest figures from the Bank of England reveal.

So two weeks have nearly elapsed and less than half of the UK's mortgage lenders have passed on the cut in interest rates to their customers despite continued calls from the Council of Mortgage Lenders (CML) for the Bank of England to take action to help...