Bank of England

Simply Biz chairman Ken Davy has given his support to the Conservatives' plans to abolish the FSA and establish a new Consumer Protection Agency.

The average shelf-life of a mortgage product fell to 14 days in June, almost half the amount of time they were available in the previous month, according to the latest monthly Moneyfacts Treasury Report on UK Mortgage Trends.

UK inflation dropped below the Bank of England's target of 2% in June for the first time in almost two years, official statistics show.

The initial reaction to the Chancellor's announcement of a relatively tame and limited package of reforms of financial regulation has to be that the most significant aspect is actually the Tories' response.

The Bank of England has shocked the City by freezing its quantitative easing programme and keeping interest rates on hold.

The Bank of England is today set to announce plans to expand its "money printing" programme by a further £25 billion, taking the total to £150 billion, in an effort to force banks to step up lending to consumers and businesses.

The Bank of England's (BoE) latest Credit Conditions Survey has revealed lenders expect to make credit more readily available to households and businesses over the next three months, after increased lending over the last quarter.

The Bank of England has once again held interest rates at 0.5%, the third time it has frozen rates this year.

The Bank of England (BoE) has revealed that lending in the UK rose slightly over April, with the increase in total net lending to individuals standing at £1.3bn - higher than the March increase of £0.7bn.

The FSA was too focussed on its role as a consumer protector in the run up to the financial crisis and failed in its oversight of macro-prudential requirements, according to a House of Lords committee.