Bank of England

Former member of the Monetary Policy Committee (MPC) David Blanchflower says the UK will need "a lot more" quantitative easing (QE) to avoid a double dip recession.

The Bank of England has revised down its forecast for UK economic growth and expects inflation to remain above the 2% target until the end of next year.

The Bank of England has revised down its forecast for UK economic growth and expects inflation to remain above the 2% target until the end of next year.

Politicians and bankers are the least trustworthy professionals according to the British public.

Forecasts used by the Bank of England to set interest rates are biased and contain little useful information, according to a Financial Times audit.

David Worsfold says the Business Secretary's Guardian interview hints at dissent in the coalition

The Bank of England is likely to cut the UK's economic growth forecast by 1% for both this year and 2011.

Bank of England's Monetary Policy Committee (MPC) today held interest rates at 0.5% - marking the 17th consecutive month they have been held at the historical low.

Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, warn two former Bank of England policymakers.

The prospect of a double-dip recession in Britain is increasing with every month as consumer confidence dwindles to recession levels, a long-running study shows.