Bank of England

Inflation was unchanged at 3.1% in August, according to the Office for National Statistics (ONS).

The Bank of England has held interest rates at 0.5%, marking the 18th consecutive month they have been at this historical low.

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A cooling global economy and an impending austerity squeeze in Britain will make the Bank of England (BoE) wait well into next year before hiking interest rates, a poll of 60 economists suggests.

Mortgage lending in July was little changed month-on-month but significantly above analysts' forecasts, the latest Bank of England figures show.

UK inflation dropped marginally to 3.1% in July but remains well above the Government's 2% target.

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.