Bank Of England

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.

Worries are increasing at the UK's digital banks as the Bank of England sets a deadline for profitability.

The UK economic decline caused by the coronavirus pandemic will be less severe than first anticipated, however, recovery will also take longer, according to the latest data from the Bank of England (BoE). The bank currently expects the UK's economy to shrink by 9.5% this year. While this contraction

More than a quarter (27%) of UK children have said they enjoy learning about money at school, according to a new survey from Beano Studios.

The Bank of England has announced that it will inject an extra £100 billion into the UK economy whilst maintaining interest rates at a record low of 0.1%.

The Bank of England (BoE) and The Beano Comics have joined forces to teach school children how to manage their pocket money.  In a new collaboration, the two have launched a 12-lesson course on financial literacy, called Money and Me which will be introduced to Scottish, English and Welsh

The UK economy is beginning to show slow signs of recovery after lockdown measures have been eased in the UK, according to the Bank of England (BoE) governor Andrew Bailey.