Pound Drops to 5-Year Low After Output Data, Amid Election Risk

The pound fell to an almost five-year low against the dollar as U.K. industrial production rose less than economists forecast, damping demand for Britain’s currency.

UK inflation rate rises to 1.3% in October

UK inflation rose to an annual rate of 1.3% in October, up from 1.2% in the previous month, official figures show.

Interest rates can stay low for longer, says Bank of England deputy chief

The Bank of England can afford to keep interest rates low for longer than previously thought, deputy governor Jon Cunliffe has said, in comments that will reinforce the market view that rates will remain at 0.5% until at least the middle of next year.

Raise UK interest rates now, says Bank of England policymaker

The Bank of England should begin raising interest rates now, because spare capacity in Britain’s fast-recovering economy could be used up by the middle of next year, adding to inflation pressures, a Bank policymaker said in a Sunday newspaper.

Bank of England sets out tough regime for failed banks

(Reuters) - Top managers of a failed bank would be replaced immediately and creditors told within two days the losses they will bear, the Bank of England said on Thursday in its blueprint for avoiding taxpayer bailouts in future financial crises.

Mark Carney says bankers' behaviour needs to change

Bankers' behaviour still needs to change following the financial crisis, Bank of England governor Mark Carney has warned. He said that top executives had "got away without sanction".

Bank of England reveals emergency measures if Scotland had voted yes

The Bank of England was ready to flood the financial markets with millions of pounds of emergency funding if Scotland had voted to break away from the UK in last month’s referendum.

Interest rate rise fears help dampen housing demand

The continuing squeeze on workers’ pay packets and the prospect of higher interest rates have sapped the appetite of many homebuyers, according to the surveyors’ body RICS.

Weak demand hits factory activity across Asia, Europe

(Reuters) - Dwindling demand hurt factory activity across much of Asia and Europe in September, and mixed manufacturing indicators in the Americas on Wednesday raised the chances of slower global economic growth in the months ahead.

Bank split 7-2 on interest rate rise

The Bank of England's Monetary Policy Committee (MPC) was divided for the second consecutive month over interest rate policy, latest minutes show.

UK economic growth boosted by business investment

UK economic growth in the first quarter was helped by the fastest expansion in business investment in two years, official figures have shown.

Bank of England warns on house price 'correction'

The Bank of England has given a stark warning that the recent surge in house prices could end in a crash.

Bank of England readies tools to rein in risky mortgage lending

(Reuters) - The Bank of England urged banks on Thursday to consider the risk of future spikes in interest rates when they approve mortgages, and prepared tools to rein back potentially dangerous lending.

BoE's Carney: jobs, incomes, wages to be factored into any rate rise

(Reuters) - The Bank of England will only start to increase interest rates when a range of measures suggest the economy is operating at closer to full capacity, central bank governor Mark Carney said in an interview broadcast on Sunday.

Housebuilders boost UK construction sector output by 2%

Booming housebuilders pushed output across the construction sector up 2% in December last year, according to revised official figures, as rising house prices and cheap loan rates encouraged builders to expand the number of house starts.

UK industrial output and construction data miss forecasts

New economic data has cast doubt over the strength of the UK's economic recovery, prompting warnings against an early rise in interest rates.

Mortgage approvals a third higher in November than last year

Mortgage approvals in Britain were more than a third higher in November than a year earlier as government subsidies for homebuyers helped the property recovery gather pace.

UK inflation falls to four-year low of 2.1% as food prices steady

Inflation has fallen back to its slowest pace in four years thanks to steadying food prices and the fact that energy price hikes have yet to come in.

UK manufacturing expands at fastest pace in three years

Manufacturing returned to form in November as the sector steamed ahead with the fastest growth in nearly three years, following two months in which the pace of expansion slowed.

Governments must not relax credit standards to boost growth, IMF warns

The International Monetary Fund has warned governments to resist the temptation to relax credit standards to boost growth as it highlighted the UK's lack of lending to small businesses.