UK banks no longer too big to fail - Bank of England The Bank of England is satisfied lenders have taken steps to ensure they are no longer "too big to fail" in any future crisis, it … Business • 24 Jun
UK economy 'running on empty' as recession signals grow The UK economy is showing signs of stalling as high inflation hits new orders and businesses report levels of concern that normally signal a recession, … Business • 23 Jun
UK inflation hits new 40-year high of 9.1% in May Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven … Business • 22 Jun
Bank of England raises interest rates again today The Bank of England has today raised interest rates by a further quarter of a percentage point but said it was ready to act "forcefully" … Business • 16 Jun
UK slowdown fears mount as GDP unexpectedly shrinks Britain's economy unexpectedly shrank in April, official figures showed today, adding to fears of a sharp slowdown just three days before the Bank of England … Business • 13 Jun
Bank of England set to raise rates again The Bank of England looks set to raise interest rates next week for the fifth time since December, its steepest run of rate hikes in … Business • 10 Jun
BoE says top UK banks no longer 'too big to fail' The Bank of England has said it is satisfied that Britain's top banks could be shut down without putting at risk the stability of the … Business • 10 Jun
Bank of England tells banks to take climate action now Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit to annual profits and higher … Business • 24 May
Slowdown in UK business activity rings recession alarm Momentum in Britain's private sector slowed much more than expected this month, adding to recession worries as inflation pressures ratcheted higher, according to a business … Business • 24 May
UK consumer mood at lowest since records began in 1974 Pessimism weighing on Britain's households has hit unprecedented levels as the cost-of-living crisis pushed confidence in the economic outlook to its joint lowest, a survey … Business • 20 May
UK economy unexpectedly shrinks in March The UK economy shrank by 0.1% in March but expanded by 0.8% for the first quarter of 2022 as a whole, official figures showed today … Business • 12 May
Bank of England raises rates to 1% to offset inflation The Bank of England has raised interest rates to their highest since 2009 at 1% today to counter inflation now heading above 10%, even as … Business • 05 May
Lloyds' profits beat forecasts despite inflation threat Lloyds Banking Group has reported better than expected first quarter profits today, as Britain's largest mortgage lender largely shrugged off the early impact of the … Business • 27 Apr
UK jobless rate falls further below pre-pandemic rate UK earnings shrank by the most since 2013 in February when adjusted for surging inflation, despite unemployment falling to its joint lowest in almost 50 … Business • 12 Apr
Britain aligns with EU on Basel bank capital rules The Bank of England said today that it planned to implement a final set of post-financial crisis capital requirements for banks from January 2025. Business • 21 Mar
Bank of England raises interest rates to 0.75% The Bank of England raised interest rates today for a third meeting in a row as expected, but softened its language on the need for … Business • 17 Mar
Bank of England set to lift UK interest rates this week The Bank of England is almost certain to increase borrowing costs on Thursday, nearly all economists polled by Reuters said, marking the third consecutive meeting … Business • 15 Mar
IMF urges Bank of England to be clear about plans The International Monetary Fund has told the Bank of England to be clear about its plans to withdraw stimulus for Britain's economy, following criticism of … Business • 23 Feb
BoE sees clear risk of inflation sticking at high level Bank of England Governor Andrew Bailey said today there was "very clearly" a risk that high inflation gets embedded in Britain's economy if there is … Business • 23 Feb
Metro Bank's annual loss narrows as turnaround picks up Metro Bank has today reported a smaller loss and higher margins for 2021, as the British high-street lender's turnaround actions bear fruit and the economy … Business • 23 Feb
UK inflation hits nearly 30-year high of 5.5% British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that … Business • 16 Feb
Bank of England to raise rates again in March - poll The Bank of England will raise interest rates faster than previously thought to tame surging inflation, according to economists polled by Reuters who significantly upgraded … Business • 14 Feb
Omicron hit to UK economy less sharp than feared The UK economy rebounded in 2021 as gross domestic product grew by 7.5% following a 9.4% fall the previous year, according to new data from … Business • 11 Feb
Bank of England raises interest rates to 0.5% The Bank of England has today raised interest rates to 0.5% and nearly half of its policymakers wanted a bigger increase to contain rampant price … Business • 03 Feb
Bank of England to raise rates again in February The Bank of England will press ahead with its tightening cycle next month as red-hot inflation runs well ahead of target and the economic threat … Business • 21 Jan
