Bank of England

The Office for Budget Responsibility (OBR) needs to have its own staff and offices to head off criticism it lacks independence, outgoing boss Sir Alan Budd says.

The Bank of England's Monetary Policy Committee (MPC) today held interest rates at their historic low of 0.5%.

Lenders fear residential lending could be restricted further over the next three months, according to a Bank of England (BoE) report.

The Bank of England has warned UK banks will have to slash dividends and rein in bonuses for years to come if they are to boost reserves and ready their balance sheets for strict new rules.

Slower growth caused by the fiscal squeeze will force the Bank of England to keep interest rates lower for longer, according to the centre for economics and business research (cebr).

A member of the Bank of England's Monetary Policy Committee (MPC) has called for a rise in interest rates for the first time in almost two years.

The Government said today it will undertake a consultation period before setting up three new bodies as part of a radical shake-up of financial services regulation.

House buyers could be refused mortgages under new Bank of England powers to be unveiled tonight by George Osborne.

Chancellor George Osborne is set to reveal this week the Bank of England will take overall charge of regulation of the financial sector and have "oversight" across the FSA.

UK manufacturing performance took an unexpected knock in April according to official data, adding to fears Britain's economic recovery is much weaker than previously thought.