Bank of England



Consumer borrowing fell to lowest level in 27 years in February

A plunge in credit card spending in February contributed to the biggest fall in consumer borrowing in 27 years, according to figures published by the Bank of England (BoE).

Published 30 March 2021

Bank of England holds interest rate at record low 0.1%

The Bank of England (BoE) has held interest rates at a record low of 0.1%. 

Published 19 March 2021

BoE: UK economy on track to return to pre-pandemic levels this year

Andrew Bailey, the governor of the Bank of England (BoE), has said that the UK economy is set to return to pre-pandemic levels by the end of this year.

Published 15 March 2021

Aviva launches new cash savings platform as UK savings soar during pandemic

Perth-based insurance giant Aviva has launched a new cash savings platform as UK savings soar during the coronavirus pandemic.

Published 19 February 2021

Half of COVID-19 loans set to go bad, warns Bank of England

A Bank of England (BoE) official has warned that up to half of the £45 billion in loans issued to UK businesses under the bounce back loan scheme could go bad.

Published 8 February 2021

Bank of England maintains interest rate at 0.1%

The Bank of England (BoE) has held off from more stimulus for the UK economy, keeping the interest rate at 0.1%.

Published 5 February 2021

Consumers repaid record £16bn of debt in 2020 despite COVID-19

British households repaid the most money borrowed on credit cards and loans in 2020 since records began despite the economic uncertainty caused by the coronavirus pandemic.

Published 2 February 2021

UK mortgage approvals 'edge back' in December after 13 year high

The Bank of England has reported that mortgage approvals for house purchases edged back slightly to 103,381 in December from 105,324 in November, which was the highest level since August 2007.

Published 2 February 2021

UK mortgage approvals soar ahead of stamp duty cut deadline

Mortgage approvals reached a 13-year high in November, according to figures released by the Bank of England.

Published 5 January 2021

BoE ordered to find £50bn of missing bank notes

The Bank of England (BoE) has been asked to find out who is in possession of £50 billion of missing sterling banknotes.

Published 4 December 2020

Mortgage approvals reached 13-year high in October

The Bank of England (BoE) has reported that mortgage approvals for house purchases extended their recent buoyancy in October, climbing to 97,532 marking the highest rate since August 2007.

Published 30 November 2020

And finally... noted

The risk of catching COVID-19 from banknotes is 'low', according to new research from the Bank of England.

Published 25 November 2020

'No-deal Brexit worse than COVID', warns Bank of England governor

A no-deal Brexit would cause more long-term damage to the economy COVID-19, according to Andrew Bailey, governor of the Bank of England.

Published 24 November 2020

The Treasury, Bank of England and FCA convene working group to facilitate investment in productive finance

The Treasury, the Bank of England and the Financial Conduct Authority (FCA) will be convening an industry working group to facilitate investment in productive finance.

Published 23 November 2020

Bank of England injects further £150bn into UK economy as it avoids negative interest rates

The Bank of England (BoE) is to inject an extra £150 billion into the UK economy amid concerns that the second wave of COVID-19 would lead to a slower recovery.   It is expected that tighter lockdown restrictions in England will force the UK into another downturn.  While the economy is

Published 5 November 2020