Bank of England

Mark Carney: One year on

The outgoing Bank of England (BoE) deputy governor Sir Charlie Bean has said it is "reasonable" to expect interest rates to return to 5% within a decade.

Plans to place loan-to-income restrictions on mortgage lenders have been announced by the Bank of England's Financial Policy Committee (FPC).

Sterling has fallen back below $1.70 after Bank of England Governor Mark Carney sounded a more dovish tone on base rate rises.

Britain's recovery has become entrenched and the Bank of England should start to raise interest rates in the coming months to reflect the stronger economy, according to one of its most dovish policymakers.

Mark Carney's move from Canada to London cost the Bank of England nearly £200,000 - which, in addition to his £870,000 salary - makes him Britain's first £1m governor.

Pensions campaigner Ros Altmann has been named CBE in the 2014 Queen's Birthday Honours, and there was also recognition for Bank of England deputy governor Charlie Bean and consumer champion Martin Lewis.

The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.

Chancellor George Osborne plans to allow the Bank of England to implement measures to control accelerating house in the UK, as the property market shows signs of overheating.

Confidence in the UK economy has hit a post-crisis high despite soaring valuations pointing towards a correction, according to the FT.