The pound has plummeted on international exchanges after a surprise split emerged on the Bank of England’s Monetary Policy Committee (MPC) about whether more stimulus should be injected into the struggling British economy.
Plastic bank notes could soon replace paper money in Britons' wallets, the incoming governor of the Bank of England has hinted.
Relaxed but no revolutionary, Mark Carney keeps banking reform on the table
Economic View: How well we in Britain do will largely be determined by what happens to the rest of the world
Bank of England Governor Sir Mervyn King has said he is "pessimistic" over the chances for a eurozone recovery and warned Britain is still not halfway through the financial crisis.
Fears of new credit crunch prompt Bank of England to kickstart emergency lending scheme
'Vested interests' are trying to kill reforms, warns Governor of the Bank of England
What does it take to make it on to a bank note? Besides being the Queen, one has to do something special to get on to one (like George Best's Ulster Bank fiver).
Former Chancellor's memoirs claim economic rift with PM stripped Labour Party of its credibility. Nigel Morris reports
Tony Blair found it so difficult to work with Gordon Brown that he complained that "dealing with GB is like having dental treatment with no anaesthetic", Alistair Darling recalls in his memoirs.
Alistair Darling confirms that Gordon Brown tried to prise him out of the Treasury in 2009 to put Ed Balls in his place
The Bank of England bowed to the inevitable yesterday and downgraded its 2011 growth forecast for the British economy to 1.5 per cent.
Economic Life: The Governor did cross an important line in May. If he agrees with the Coalition, as he has said, then he necessarily disagrees with Labour
The WikiLeaks disclosures have shown us Washington realpolitik stripped bare. But just imagine how much worse an isolationist US would be.
Mervyn King, the Governor of the Bank of England, faced a call for his resignation yesterday amid fresh claims that he has overstepped the mark by becoming embroiled in politics.
Outlook In handing the Bank of England its independence in 1997, the then Labour Government effectively made a deal. It gave up its right to control the levers of monetary policy; the corollary of that surrender was that the Bank would leave fiscal policy to the elected government of the day.