Interest rates in the UK have again been kept at their record low level of 0.25 percent. The Bank of England also cut its forecast for growth and wages, saying the impact of Brexit has dampened.. Source: Euronews English -
The Bank of England keeps interest rates at a record low again and cuts its forecasts for growth and wages as Brexit weighs on the economy. But as Ivor Bennett reports, Governor Mark Carney says it.. Source: Rumble -
Aug.03 -- The Bank of England kept the key interest rate at 0.25 percent and said that weaker consumer spending has dragged on growth. BOE Governor Mark Carney gave his opening statement at a news.. Source: Bloomberg Global Business -
Aug.03 -- Bank of England Governor Mark Carney said the drop in the pound has squeezed real incomes. He spoke at a news conference in London following publication of the central bank's quarterly.. Source: Bloomberg Global Business -
In the latter half of 2007, the Bank of England’s chief economist and executive director Sir Charlie Bean was hopeful that difficulties facing the economy would be over by Christmas.
Ten years on.. City A.M.
British factories are providing a glimmer of hope amid the UK's gloomy economic outlook, with one closely-watched survey expecting the sector to propel business output back into growth.
After a.. City A.M.
Rising prices and stagnant wage growth meant that spending across the UK dropped for the third month in a row in July.
It’s the first time since February 2013 that spending has fallen for three.. City A.M.
The government is set to publish a "position paper", staking out the UK's desire for a smooth transition in leaving Europe.
Senior government officials said plans have been sent to Theresa May's.. City A.M.
The UK needs a "credible fallback" in the event that Brexit negotiations end with no deal, former Bank of England governor Mervyn King has said.
The former governor, who headed up the central bank.. City A.M.
UK car sales were down in July, as squeezed consumers held back on big-ticket purchases.
Private of new cars fell 6.6 per cent on the year last month, according to the Society of Motor Manufacturers.. City A.M.
The UK is currently experiencing “about the maximum rate of pain” from rising inflation, according to the Bank of England’s deputy governor, with the possibility of a rate rise further down the.. City A.M.
Business leaders have thrown their weight behind a Brexit transitional deal which mirrors the vision set out by chancellor Philip Hammond.
In a report today, the Institute of Directors (IoD).. City A.M.
Mark Carney, the governor of the Bank of England (BoE), believes the UK's financial sector could double in size within the next 25 years.
In comments made to the Guardian on 10 July and published.. City A.M. Also reported by •BBC News
A Brexit transition deal that reduces access to the customs union and the Single Market will harm the British economy, according to Bank of England governor Mark Carney.
The Bank of England today.. City A.M.
Sterling was flat this morning ahead of the Bank of England's interest rates decision after last night hitting levels not seen since mid-September last year.
Yesterday evening sterling rose as high.. City A.M.