Bank warns of ‘entrenched’ Brexit uncertainty as interest rates held
The Bank of England kept interest rates on hold at 0.75% and warned “entrenched” Brexit uncertainty risks damaging the economy further.
Bank of England
Rates set to remain unchanged in final MPC meeting before Brexit deadline
Bank of England policymakers are set to leave interest rates unchanged at 0.75% on Thursday in their final monetary policy meeting before the UK is due to leave the EU on October 31.
Rates set to remain unchanged in final MPC meeting before Brexit deadline
Bank of England policymakers are set to leave interest rates unchanged at 0.75% on Thursday in their final monetary policy meeting before the UK is due to leave the EU on October 31.
Rates to remain unchanged in final MPC meeting before Brexit deadline
Bank of England policymakers are set to leave interest rates on hold at 0.75% this week in their final monetary policy meeting before the UK is due to leave the EU on October 31.
Worst case Brexit hit to economy now less severe, says Bank boss
Bank of England governor Mark Carney has said the worst case hit to the economy of a no-deal Brexit is now “less severe” thanks to preparations made since the end of last year.
Steepest fall in lending to UK businesses for almost two years
Lending to UK businesses saw the biggest decline in almost two years in July, the Bank of England has reported.
Carney steps up no-deal Brexit warnings
Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of a no-deal Brexit, Mark Carney has said.
Bank holds rates and slashes growth forecast in face of Brexit worries
The Bank of England has held interest rates firm at 0.75% and warned there was now a one-in-three chance of the economy shrinking at the start of next year as Brexit uncertainty takes its toll.
Bank to hold rates steady amid no-deal Brexit fears
Bank of England policymakers are set to hold interest rates but slash economic growth forecasts on Thursday as fears of a cliff-edge Brexit mount.
MPs call for fresh Brexit reports from Bank of England and Treasury
The Bank of England and Treasury have been asked by an influential committee of MPs to provide fresh analysis on the economic impact of Brexit scenarios including a cliff-edge withdrawal.
War hero and computer science pioneer Alan Turing to feature on £50 note
Alan Turing, the Second World War code-breaker and pioneer of computer science with a “fearless approach to daunting problems”, will appear on the Bank of England’s next £50 note.
Joker behind Harry Maguire £50 note bid ‘disappointed’ as defender misses out
A man who launched a viral campaign to get England defender Harry Maguire on the new £50 note has joked it’s a “huge disappointment” that wartime codebreaker Alan Turing was chosen instead.
Alan Turing’s ‘fearless approach to problems and intellectual curiosity’ praised
Alan Turing’s “fearless” approach to daunting problems continues to inspire new generations, according to those welcoming the announcement that he will appear on the next £50 Bank of England note.
Alan Turing: wartime hero with ‘brilliant mind’
Alan Turing was a wartime hero whose later life was overshadowed by a conviction for homosexual activity, which was later considered unjust and discriminatory.
Mathematician Alan Turing to feature on new £50 note
Second World War code-breaker Alan Turing will be the next person to feature on the £50 note, the Bank of England has confirmed.
Face of new £50 banknote to be unveiled
The face of the new £50 banknote, which will be someone who has contributed to the world of science, will be unveiled by the Bank of England on Monday.
UK lenders can withstand no-deal Brexit and global trade war, Bank says
The Bank of England has said Britain’s lenders could withstand the worst case no-deal Brexit and a full-scale global trade war but warned “material risks of economic disruption” remain from a cliff-edge EU withdrawal.
Germany denies backing Bank of England chief Mark Carney as next head of IMF
The German government said it has not decided who it wants to succeed Christine Lagarde as the next head of the International Monetary Fund amid reports it is backing Bank of England boss Mark Carney.
Woodford-style investment funds ‘built on a lie’, says Bank boss
Bank of England boss Mark Carney has condemned investment funds with assets that cannot be sold easily but offer instant withdrawals as being “built on a lie” after the Woodford fund saga.
Mounting no-deal Brexit fears and uncertainty damaging economy, warns Bank boss
Bank of England boss Mark Carney has warned that a “notable” increase in no-deal Brexit fears and ongoing uncertainty is damaging Britain’s economy.