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Former Bank of England Governor Eddie George, who died in April aged 70 after a lengthy battle with cancer, left £887,593 in his will. Lord George, who earned the nickname Steady Eddie during his long career at the Bank, became...
Billionaire businessman and philanthropist George Soros is the latest public figure to criticize banks for paying big bonuses while taxpayers prop them up British banks have just five working days to show they have "got it". He...
In October UK inflation rose sharply with the Consumer Price Index up 1.5pc annually compared with 1.1pc the month before. Most prominent British economists say this is a "blip" and that "deflation" remains the most serious...
By Chris Giles and Daniel Pimlott The financial crisis "might plausibly have been less costly for the real economy" if authorities had had an effective way of damping the credit boom, the Bank of England concludes today in a...
The word “nutter” and Bank of England are only occasionally used in the same sentence. It was used soon after Bank independence in 1997 when Diane Abbott, the Labour MP, accused the governor, then Eddie George, of being an...
With no signs of green shoots, Mervyn King is right to be downbeat - whatever the Queen said So: the government has a fiscal plan, confirmed by the Queen, under which it will halve the budget deficit in four years and eliminate...
Interest rates alone can't prevent the formation of dangerous bubbles in financial markets, the Bank of England warns in a discussion paper today. Rates would have had to be hiked to between 6% and 19% earlier this decade to...
By Christina Fincher LONDON (Reuters) - Regulators need more tools to prevent the build-up of risks in the financial system but it would be unrealistic to think all asset bubbles can be prevented, according to a Bank of England...
Definition: This was an important paper published by the Bank of England in 1971. It set out new monetary control arrangements. A system of reserve requirements was implemented and there was an end to collusion by banks on...
The warning came as the latest evidence on the supply of credit to the British economy showed little sign of radical improvements. The Bank of England's Trends In Lending Report confirmed that British consumers were still...
