The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of the year.
Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort
The Bank of England (BoE) is open to discussions with Britain's government about new ways to help boost economic growth by paring back regulatory requirements for the financial services industry, Deputy Governor Sam Woods said on Monday.
The former Bank of England boss, Mark Carney, is now running for the Liberal leadership in his native Canada. What does his time in London tell us? Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013.
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.
London was the only UK region to see house price falls in the year to November, according to the latest figures from the Office of National Statistics (ONS). Property prices in the capital dropped 0.1 per cent to an average of £511,000 in November, a slight improvement on the 0.4 per cent fall recorded in October.
The Bank of England is advancing its central bank digital currency project with the creation of a new testing laboratory
LONDON (WKRC) - A man was sentenced after he used locker codes belonging to gym members to gain access to their bank accounts. According to PEOPLE, 35-year-old Declan Murphy of Bromley, England was sentenced after he stole locker pins and used them to get into multiple bank accounts.
Geoffrey Bell, who has died aged 85, was a globetrotting financial adviser and the founder of the Group of Thirty, an elite international assembly of economists and monetary experts.
Martin Weale, professor at King's College London and a former member of the Bank of England's monetary policy committee, discusses the U.K.'s latest monthly growth data and how the central bank could proceed this year.
The Transatlantic Regulatory Exchange programme, as it is known, will start with the exchange of experts in emerging payment platforms and digital assets. Secondments will be for a minimum of six months, but could be extended to up to one year.
From pension plans to retirement savings, new data has revealed the 'financial resilience capitals' of the UK lie in London commuter towns.