Bank of England

Outgoing Bank of England governor Sir Mervyn King has said people have "every right to be angry" with banks over the financial crisis.

Total lending to individuals increased by £1.4bn last month, according to Bank of England (BoE) data, against an average monthly increase of £1bn over the previous six months.

Households and businesses should be told that borrowing costs will remain at rock-bottom levels until the economy is motoring again, the International Monetary Fund has said.

The incoming governor of the Bank of England (BoE) has warned Europe must change tack and introduce significant reforms to avoid a Japanese-style lost decade.

Sir Mervyn King, the outgoing head of the Bank of England, has called for an end of banker bashing saying it's wrong to "demonise individuals" for the failure of the financial system.

The final Inflation Report of governor Mervyn King's term has seen the Bank of England revise up growth forecasts but caution inflation will still likely peak above 3% this year.

The Bank of England needs to remind the public and businesses that interest rates will one day rise again, a former Monetary Policy Committee member has warned.

The Bank of England has held interest rates for the 50th month in a row and opted not to increase the size of its QE programme at its May meeting.

The UK may be about to experience its first real property crash, according to Justin Urquhart Stewart, founder of Seven Investment Management (7IM).

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