Mervyn King

Brown warns of coming recession

Wed, 22 Oct 2008 22:47:08 GMT

Prime Minister Gordon Brown has admitted Britain is likely to slip into recession as a result of the global economic downturn.

Wed, 22 Oct 2008 08:51:43 GMT

Members of the Bank of England's Monetary Policy Committee (MPC) unanimously voted in favour of the emergency 0.5 per cent rate cut.

Thu, 02 Oct 2008 09:14:49 GMT

Banks and building societies will cut lending further to households and businesses in the coming three months, the Bank of England says.

Wed, 01 Oct 2008 21:37:00 GMT

Savers are said to be shuffling billions of pounds, some to Irish banks which are offering guaranteed protection, to safeguard their cash.

Thu, 11 Sep 2008 14:36:41 GMT

Bank of England Governor Mervyn King warned there was no magic solution to the current lending drought.

Wed, 03 Sep 2008 13:17:50 GMT

The Bank of England's nine-strong Monetary Policy Committee (MPC) is holding two days of talks on interest rates as recession looms.

Mon, 25 Aug 2008 08:26:42 GMT

The economic downturn is as bad as the 1970s according to one of Britain's most senior economists.

Mon, 18 Aug 2008 14:34:15 GMT

Business leaders have predicted Britain's economy will enter a recession in the coming year.

Thu, 19 Jun 2008 07:53:51 GMT

The Chancellor Alistair Darling has urged wage restraint in both the public and private sectors to avoid spiralling inflation.

Tue, 17 Jun 2008 21:13:49 GMT

Bank of England Governor Mervyn King has warned inflation may rise above 4 per cent this year as oil and energy prices soar.

Wed, 14 May 2008 21:34:27 GMT

The Bank of England Governor has braced households to expect a further budget squeeze.

Thu, 29 Nov 2007 23:57:00 GMT

The Governor of the Bank of England has warned the global credit crunch could get worse.

Thu, 20 Sep 2007 12:12:20 GMT

Bank of England Governor Mervyn King is facing some tough questions from MPs over his handling of the crisis at Northern Rock.

Wed, 12 Sep 2007 16:33:21 GMT

The London market reversed losses after comments from the Bank of England fuelled hopes that interest rates had peaked.

Thu, 21 Jun 2007 13:57:46 GMT

Banks have been told they must do their bit to help Britain replace its "scruffy" old five-pound notes with brand new ones.

Thu, 10 May 2007 12:12:57 GMT

Homeowners have been dealt another blow with interest rates rising to a six-year high.