Bank Of England

Mortgage approvals reached a 13-year high in November, according to figures released by the Bank of England.

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%

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.

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.

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

The Treasury, the Bank of England and the Financial Conduct Authority (FCA) will be convening an industry working group to facilitate investment in productive finance. Investment in productive finance refers to investment that expands productive capacity, furthers sustainable growth and can make an

The Bank of England (BoE) is to inject an extra £150 billion into the UK economy amid concerns that the second wave of COVID-19 would lead to a slower recovery.   It is expected that tighter lockdown restrictions in England will force the UK into another downturn. 

Mortgage approvals reached a thirteen-year high of 91,454 in September, according to new data from the Bank of England.

HSBC has indicated that it could charge for some current accounts as the banking industry anticipates the introduction of negative interest rates.  Yesterday, the bank said it was assessing whether to charge for basic banking services in some countries. 

The productivity and creativity of the UK's workers could be suppressed in the long term if home working continues, according to Andy Haldane, the Bank of England's chief economist.  Mr Haldane said that fewer day-to-day conversations, face-to-face meetings and introductions posed ris

TSB has introduced new mortgages for first time buyers, making it easier for young people to get a mortgage - so long as they have a 15% deposit. On Friday, the lender revealed a range of mortgages for first-time buyers which use an easier stress test than for home-movers. A stress test is a calcula

One in ten people in the UK are hoarding more cash at home than before the coronavirus pandemic in case of an emergency, according to new data from the Bank of England.

The Bank of England (BoE) has asked UK banks if they are prepared for interest rates to fall to as low as 0.00001% or into negative territory as officials discuss whether to cut rates below zero to boost the economy. Sam Woods, head of the bank’s Prudential Regulation Authority, has written to

The UK Government's plans to substantially increase low-deposit mortgages for first-time buyers have come amid an acute rise in loan prices. According to data from the Bank of England, the average cost of a two-year fixed-rate mortgage with a 5% deposit was 3.95 %in September, an increase from 3.02%

House prices in the UK rose by a substantial 2.0% month-on-month in August, marking the largest monthly rise since February 2004, according to Nationwide's latest House Price Index.