The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank.
The UK's unemployment rate has risen further, in a surprise deterioration that boosts the case for a Bank of England interest rate..
The Bank of England estimates that monthly bills will increase by £107, but it could have been worse.
