Bank Of England

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The UK is set to experience the strongest economic growth since the Second World War this year, with a faster-than-expected recovery from the coronavirus pandemic, according to the Bank of England. The bank has hiked its estimate for UK GDP growth to 7.25% in 2021, up from February’s forecast

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A plunge in credit card spending in February contributed to the biggest fall in consumer borrowing in 27 years, according to figures published by the Bank of England (BoE). With British consumers paying back more than they borrowed, consumer borrowing dropped by 9.9% annually, marking the biggest co

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The Bank of England (BoE) has held interest rates at a record low of 0.1%.  The bank met expectations at the March Monetary Policy Committee (MPC) meeting, with unanimous 9-0 votes both to keep interest rates at 0.10% and the stock of asset purchases at £895 billion.

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Andrew Bailey, the governor of the Bank of England (BoE), has said that the UK economy is set to return to pre-pandemic levels by the end of this year. This morning, Mr Bailey said that a recent rise in interest rates in financial markets was consistent with an improvement in the economic outlook.

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Perth-based insurance giant Aviva has launched a new cash savings platform as UK savings soar during the coronavirus pandemic. The Bank of England’s (BoE) Monetary Policy Report in February 2021 showed that “households have accumulated an excess stock of savings of £125 b

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A Bank of England (BoE) official has warned that up to half of the £45 billion in loans issued to UK businesses under the bounce back loan scheme could go bad. Sam Woods, chief executive of the Prudential Regulation Authority (PRA), warned that UK taxpayers faced a 'significant loss' from the

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The Bank of England (BoE) has held off from more stimulus for the UK economy, keeping the interest rate at 0.1%. At the February Monetary Policy Committee (MPC) meeting yesterday, the BoE observed that the UK economy had performed much better than had been expected in Q4 2020 when it likely grew aro

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The Bank of England (BoE) has been asked to find out who is in possession of £50 billion of missing sterling banknotes. The number of notes in circulation reached a record high of 4.4bn in July this year with a face value of £76.5bn. Of that amount, the BoE estimates that as much as 24%

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The Bank of England (BoE) has reported that mortgage approvals for house purchases extended their recent buoyancy in October, climbing to 97,532 marking the highest rate since August 2007.

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The risk of catching COVID-19 from banknotes is 'low', according to new research from the Bank of England. The bank's research tested a 'worst case' scenario of an infected person coughing or sneezing directly on to banknotes made of both paper and plastic.

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A no-deal Brexit would cause more long-term damage to the economy COVID-19, according to Andrew Bailey, governor of the Bank of England. Mr Bailey said that he was relatively optimistic about the economy’s ability to recover from the coronavirus pandemic, but he warned that it would be more di

16-30 of 74 Articles