The Consumer Prices Index (CPI) rate of inflation climbed to 2.6% last month, from 2.4% in June.
Banks "could learn a thing or two about fair play" from the Olympic movement, according to Bank of England governor Mervyn King.
The Bank of England (BoE) should expand its range of economic recovery measures, according to an outgoing member of the Monetary Policy Committee.
Sir David Walker, a former deputy governor of the Bank of England, will become the new chairman of Barclays, according to reports.
Bank of England (BoE) governor Mervyn King has warned against a further cut in interest rates, arguing it would damage the banking sector and may be "counterproductive".
The Bank of England (BoE) is set to cut economic growth forecasts to almost 0% for this year, amid a deepening double dip recession.
The Bank of England has held interest rates at 0.5% for the 41st consecutive month and kept its bond-purchase target at £375bn.
Britain's economy would suffer harsher consequences than Germany's should the eurozone break up, a consultant has predicted.
A top Bank of England economist has said his profession should take part of the blame for the financial crisis, according to the Telegraph.