Bank of England

April inflation figures just published by the Office for National Statistics show rising oil prices have substantially impacted on prices in the UK.

The Bank of England's Monetary Policy Committee has increased the UK base interest rate to 4.25%, as anticipated by the City.

ALL EYES are on the City today in this morning's national newspapers, as the industry waits to see whether the Bank of England's Monetary Policy Committee increases the base interest rate, as expected.

The latest lending figures from the Bank of England suggest the Monetary Policy Committee will simply be discussing the size of the interest rate rise rather than whether to impose one at all when it meets later this week.

Economists still expect interest rates to rise by next month even after the minutes of the last Monetary Policy Committee meeting show just one of the nine votes went in favour of a rise.

Is inflation rising or isn't it? The question highlights an increasing split between the government view of prices and what the Bank of England sees in relation to the ‘old' measure of inflation, the retail price index.

Borrowing costs remain unchanged after the Bank of England's Monetary Policy Committee decided to leave the base rate unchanged at 4%.

Consumer borrowing still appears to be racing, according to the Bank of England's latest borrowing statistics.

Gordon Brown may have outlined the case for growth in his Budget yesterday, but more evidence has been published today supporting the case for further interest rate rises, which could put the squeeze on consumer spending.

The UK housing market is steaming ahead full pelt according to a troika of surveys just out, which will more than offset news inflation as measured by the government's preferred index fell last month.