Bank of England

Consumers are increasingly pessimistic about the Bank of England's ability to control high inflation, but few have a plan to move their savings out of banks and building societies to seek higher returns.

The UK's economic recovery slowed in the second half of last year and will remain 'subdued' throughout 2011, the Organisation for Economic Co-operation and Development (OECD) predicts.

Members of the Bank of England court revealed yesterday they are "uncomfortable" with governor Mervyn King's involvement in politics.

Dr. Paul Fisher, executive director for markets at the Bank of England, has been appointed chairman of the ifs School of Finance.

FSA chief executive Hector Sants is thought to be uncomfortable with Governor Mervyn King's hardline stance on the banking system which helped hurl Britain into recesssion.

The Bank of England has held interest rates at 0.5% and kept its quantitative easing programme at £200bn - despite growing calls for a rate hike amid spiralling inflation.

Goldman Sachs European economist Ben Broadbent will replace Andrew Sentance as external member of the Monetary Policy Committee (MPC).

The Treasury Select Committee (TSC) has launched an inquiry into the Bank of England's (BoE) accountability before its powers are extended in the government's regulatory shake-up.

Bank of England deputy governor Charlie Bean has defended MPC policy in the face of persistently high inflation, warning the economy could be on the verge of a "durable slowing".

Bank of England governor Mervyn King has not ruled out another round of quantitative easing and has reiterated his belief the UK recovery will be choppy.