Families will see their disposable income eaten up as they "pay the inevitable price" for the financial crisis, the Bank of England governor warns.

There is already a growing debate about why the Bank of England are acting so late on interest rates given the rapidly deteriorating economic situation.  One could argue that the Bank has been the victim of unforeseen circumstances.  Yes, growth was slowing throughout 2008 but there were also...

Remember Something Odd in the Banking Bill from early December? Guido was suspicious about the removal of the requirement of the Bank of England to tell us how much money it is printing: The 1844 Banking Bill ensured transparency in the operations of the Bank of England. It has been good enough for over 164 years. Surely it can't be that they don't want us to know how fast the Bank of England's pr...

The middle classes are facing a "white collar recession" of falling living standards and unemployment as the economy suffers its worst year since 1980 the Bank of England has warned.

The Bank Of England has revealed that they are less optimistic about the economic outlook than many people. Mervyn King, governor of the Bank of England, cut his growth forecast and declared that there is as much chance that the economy will still be shrinking this time next year, as there is of it growing. This will be bad news for the Labour Party who were hoping for a sign of recovery before th...

Charlie Bean, Deputy Governor of the Bank of England, wants to cap mortgages to value. By the Bank’s diktat borrowers would have to put down a deposit of between 10% and 25% when they buy a house. Perhaps this is...

This week Liberal Democrat Voice is running a series of articles from Tim Leunig about the economy - how we got here and what we should do next. So far the series has covered bank bailouts, bank lending and fiscal policy. Interest rates and the Bank of England The Bank of England’s monetary policy committee has done

The Bank of England will announce its latest monetary policy decision at midday, with economists waiting to see if the central bank introduces more quantitative easing (QE).

I entirely oppose the decision of the Bank of England to "print money" - or "qualitative easing" in posh jargon. In my view it undermines the strenght of the currency and simply extends the duration of the economic recession. So it is interesting to read that much of the new money the Bank of England has "printed" to stimulate the UK economy is ending up abroad where it will be of no benefit to UK...

UKIP economics spokesman Dr John Whittaker MEP noted: "The European Central bank ought to follow the Bank of England's interest rate cut, but being the central bank for 16 different countries gives it a problem." He was commenting after the Bank of England reduced its official Bank Rate from 2% to 1.5%. "All the signals say that the ECB should cut rates at its meeting next week. Euro inflatio...