Bank of England

Outgoing Bank of England interest rate hawk Andrew Sentance has argued a rise in interest rates would provide a long-term cure for UK economy.

The FSA is to fire a warning shot about firms which encourage savers to borrow money against their pensions.

The Bank of England's Monetary Policy Committee (MPC) has remained split three ways on interest rates, minutes of its latest meeting show.

The Bank of England is right to hold interest rates at record lows of 0.5% as governor Mervyn King takes a long-term view, according to George Osborne.

The Bank of England is expected to tear up the FSA rulebook and adopt a new approach to policing banks and financial institutions when it takes on the role of prudential regulator.

Government austerity measures and high levels of consumer debt pose "strong headwinds" for the UK's economic recovery, the IMF has warned.

Sterling jumped across the board after the Bank of England's latest report said inflation is likely to remain above target for longer, fuelling expectations the MPC will act sooner to tackle price rises.

Bank of England governor Mervyn King has warned the extended holiday to celebrate the Royal Wedding last month will hurt GDP growth.

British businesses are seeing costs rise far more slowly than the headline inflation rate, signalling that price increases are set to return to the Bank of England's target, according to leading economic analysts.

Speculation the Bank of England will lower its economic growth forecasts has caused the pound to slump in afternoon trading.