House purchase approvals continued to weaken in September reflecting low demand, according to Bank of England figures.
Government borrowing hit a record high in September, with the biggest deficit for the month since records began in 1993.
The Bank of England was split three ways in its last meeting on interest rates and QE, with two rogue members voting to change the path of monetary policy.
Bank of England governor Mervyn King last night warned of an unpleasant, "sober" decade ahead and hinted at further QE ahead of today's government Spending Review.
The Bank of England is likely to increase its quantitative easing programme by £100bn to aid the economy as the government cuts spending, the Centre for Economics and Business Research says.
Former City regulator Sir Howard Davies has joined the board of Prudential as a non-executive director.
The Bank of England has resisted growing calls to deliver more stimulus to the economy while maintaining interest rates at the historic low of 0.5%.
The BoE's Monetary Policy Committee is likely to be split three ways in today's interest rate and QE decisions, but which is the best path to tread?
I am both saver and spender, 50:50 I’d say, but I keep hearing I need to be more one than the other.
The number of mortgage approvals dipped slightly in August, according to the latest Bank of England (BoE) figures, although the drop has been attributed to seasonal factors.