Bank of England

Moneyfacts has revealed that state-funded banks charged higher than average rates on their products over the last year, despite the Bank of England base rate remaining at 0.5%.

Prudential rushed last night to complete a Hong Kong listing for its shares amid doubts investors would approve its record $35.5bn acquisition of AIA, the Asian division of American International Group (AIG).

Interest rates were today held at 0.5% by the Bank of England's Monetary Policy Committee (MPC), marking one year since they hit the record low.

Bank of England Governor Mervyn King says failure to act now on banking reforms could lead to a bigger financial crisis.

Mark Peters discusses the role fixed income can play in a retirement planning portfolio

The Conservative Party yesterday said it aims to complete a radical reform of financial services regulation in just five years.

Interest rates could remain on hold until 2011 but are likely to rise sharply thereafter, according to Skandia.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep interest rates on hold this month.

Boosting economic growth is more important than controlling inflation, advisers say.

UK inflation has hit 3.5%, prompting Mervyn King to write a letter of explanation to the Chancellor.