The UK's recovery hopes gain a welcome vote of confidence as a leading rate-setter says the economy is strong enough to avoid a fresh round of money-printing by the Bank of England... more
Services contractor and social housing specialist Mears says it has won £120 million of new contracts since publishing its full-year profits in March... more
This month marks the second anniversary of the Bank of England cutting rates to their 0.5% record low, but the time to say goodbye to all that is fast approaching, judging from the latest smoke signals coming out of Threadneedle Street... more
The Bank of England must tread an impossible path between not doing enough to curb inflation and tightening policy too soon, Monetary Policy Committee member David Miles warns... more
The decision of Fairfield Energy to cancel its initial public offering is bad news for the six banks, brokers and financial advisers that advised on the failed float... more
UK inflation is "uncomfortably" high, but there is no need for an immediate hike in interest rates, Bank of England policymaker David Miles said... more
Two weeks ago, Bank of England monetary policy committee member Andrew Sentance decided to go public with his concerns about inflation, and his fears that it was just too virulent for this stage in the economic cycle... more
The euro tumbles sharply again, as investors react to news that Spain has been forced to stage a Northern Rock-style bailout of a regional bank... more
The Bank of England was split three ways over its decision to pump an extra £25 billion into the economy as it battles to drag Britain out of recession ... more
When the Governor of the Bank of England Mervyn King announced his embrace of quantitative easing in the spring he said it would take six months before one could judge whether or not the policy was a success. That was six months ago. So now people are beginning to ask the question ... more
Sterling fluctuated violently as the Bank of England stoked hopes of “a virtuous upward spiral for the economy” but warned of “false dawns” as the UK pulls out of recession... more
Just how wide is the opposition to Tony Ball being made ITV's next chief executive within the higher reaches of the broadcaster? Very, is the answer.... more
Former Bank of England member David Blanchflower today warned that the “feeble” monetary policy committee risked making the recession even worse ... more
Bank of England governor Mervyn King was under mounting pressure after it emerged he was defeated in a rare revolt on Threadneedle Street over how to deal with the recession ... more
Activity in the UK construction sector collapsed last month fuelling fears of a W-shaped recession despite a tentative increase in bank lending ... more
Tim Besley, the Bank of England interest rate setter who spectacularly failed to spot the recession, has said he is standing down from the monetary policy committee... more
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