The Bank of Ireland raised its forecasts for Britain’s overall economic growth this year to 2.8 per cent. Photograph: Anthony Devlin/PA Wire

One of the Bank of England’s top policymakers has voted to start raising interest rates, but his other colleagues appeared in no rush to do so and for(...)

 Land Rover   manufacturing plant in Solihull, UK : Manufacturing in Britain shrank by 0.3 per cent in the second quarter, the sector’s worst performance since early 2013. Photographer: Chris Ratcliffe/Bloomberg

The road to economic recovery has been long and hard. Now, finally, Britain’s gross domestic product per head of population has returned to levels las(...)

Bank of England governor Mark Carney: said any increases in the cost of borrowing will be limited and gradual. Photograph: Neil Hall/Reuters

The Bank of England’s governor says a rise in UK interest rates from their historical low is getting closer but that any increases in the cost of borr(...)

Chancellor George Osborne, never one to let some good data pass unremarked, yesterday welcomed what he called a “powerful mix” of low prices and rising wages

If you blinked, you’ll have missed it: the UK’s brief descent into deflation has ended, with official figures yesterday showing the cost of living cre(...)

Mark Carney, governor of the Bank of England, is expected to keep interest rates steady on Monday. (Photograph: Simon Dawson/Bloomberg)

Mark Carney may be getting ready to unsettle investors again. The Bank of England governor has an opportunity this week to address bets that he’ll kee(...)

Conservative party backbenchers cheer after Chancellor of the Exchequer George Osborne delivered his Budget statement to the House of Commons, London.

Mr Deputy Speaker,Today, I report on a Britain that is growing, creating jobs and paying its way.We took difficult decisions in the teeth of oppositio(...)

Mark Carney stressed that risks from low inflation in Britain related mainly to the labour market, not to deferred consumption as occurred in Japan, where deflation became entrenched during its so-called lost decade.

Bank of England chief Mark Carney has warned of the likely impact a Greek exit from the euro would have on Britain.Mr Carney also urged employers on T(...)

Mark Carney, governor of the Bank of England,  has said a negative inflation rate will be “temporary” and the UK won’t experience deflation. (Photograph: Simon Dawson/Bloomberg)

Britain’s inflation rate fell more than economists forecast in January, dropping to record low as food and fuel prices plunged. Consumer-price growth (...)

The central bank also said it would reinvest £4.35 billion of proceeds from a maturing January 2015 bond in its £375 billion of quantitative easing asset purchases.

The Bank of England kept interest rates unchanged at 0.5 per cent after its first meeting of 2015, as tumbling oil prices have pushed inflation to a 1(...)

A drop below   an inflation rate 1 per cent would force Bank of England governor Mark Carney to write an explanatory letter to the UK government.

The Bank of England isn’t under pressure to raise UK interest rates as inflation slides further below its target, bank policy maker David Miles said(...)