UK inflation falls to five-year low of 1.2%

Inflation has slumped to its lowest rate for five years, hitting 1.2% in September and taking pressure off the Bank of England to raise interest rates in coming months.

Autumn Statement: UK growth 'hides disappointing news'

Higher UK growth forecasts "hide some more disappointing news for the chancellor", warns the influential Institute for Fiscal Studies (IFS). It says the increased forecast is just a result of growth coming a bit sooner than had been expected.

Business lending drops in October as BoE adjusts Funding for Lending

Just a day after Mark Carney overhauled the Funding for Lending scheme to refocus it on business finance only, new Bank data has shown a fresh drop in lending to UK businesses.

Britain is a 'crisis economy', says Mark Carney

Speaking on the fringes of the International Monetary Fund’s spring meetings in Washington, he said: “The US is breaking out of the pack of crisis economies that include the eurozone, the UK and Japan.”