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Julie Meyer
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Category: Bank of EnglandSyndicate content

More people trust the collective views of our captains of industry than any of the political parties when it comes to charting our economic recovery, according to new research published today by research consultancy Leapfrog.

Bank of England policymakers were split three ways on how to boost the economy this month.

The UK's recovery from recession remains "highly uncertain", the Bank of England says.

The flow of lending to British businesses improved sharply in August but still remained negative, with major banks reporting a rise in fees on new lending, the Bank of England said today.

A picture of modest consumer growth and muted investment plans emerges from the Bank of England’s latest monthly agents’ summary, compiled from reports gathered by central bank's network of regional agents between late August and late September 2009.

The amount lent to UK firms fell in July by the biggest amount on record, the Bank of England said today.

Bank of England Governor Mervyn King believes that the UK economy is starting to grow again.

Bank of England Governor Mervyn King and two other Monetary Policy Committee members wanted to raise the quantitative easing programme by £75bn this month but were outvoted by the remaining 6 policymakers.

The following is the state of the UK economy statement given by Bank of England Governor Mervyn King today (excluding charts):

Britain's fiscal stimulus measures have saved at least 500,000 jobs during the recession, Lord Mandelson said today.

Mandelson said government help for employers coupled with the Bank of England's quantitative easing programme and five percent cut in interest rates had softened the recession's impact on jobs.

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Five Minutes With

David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.

It took Richard Shonn, managing director of 151 Products, three years to find a warehouse big enough for his requirements.