Bank of England

Increase from 2.1% puts pressure on the Bank of England

Bank rate to remain 0.1%

15 failed to pay more than BoE

Still second-highest monthly borrowing on record

The UK economy grew at its fastest monthly rate since July last year, having jumped 2.3% in April as lockdown restrictions continued to ease.

CPI rises 1.5% in April

Driven by rising household utility, clothing, and motor fuel prices

QE held at current pace but BoE signals tapering

Equivalence debate

Dame Elizabeth Gloster named BoE governor Andrew Bailey in her report