Mervyn King

Bank of England considered cutting interest rates to 2.5pc

The chance that the Bank of England will deliver another deep cut in interest rates increased today after it emerged that the Bank considered cutting rates by a full 2 percentage points at their last meeting.

Cameron drops spending pledge

David Cameron yesterday abandoned his commitment to match Labour spending plans from 2010, warning the government's "reckless" programme of excessive borrowing would end in higher interest rates, a tax bombshell costing £4,000...

One rule for Lloyds, one for everyone else, signals Darling

Published Date: 19 November 2008 By ROSS LYDALL AND BILL JAMIESON ALISTAIR Darling yesterday effectively slammed the door on a rival bid to keep HBOS an independent bank, when he set tough conditions on any alternative rescue...

McGarry drops out of Grand Slam

Larne man Colin McGarry failed to reach the last-16 knockout stages of the PartyPoker.com Grand Slam of Darts after losing his final group game. McGarry was beaten 5-1 in legs by young Dutch player Michael van Gerwen in...

Australia to See Recession in 2009, Bank of England Minutes Ahead (Euro Open)

Written by Ilya Spivak, Currency Analyst Australia faces the risk of recession at the beginning of next year as the Westpac leading index plunged to the lowest in 23 years. The Euro and British Pound remained range-bound in...

Supermarkets talk up price cuts... but hike prices by 21%

Margin: Tesco, Asda, Sainsbury's and Morrisons may be 'fattening up' their profit margins at the expense of customers and suppliers. Supermarkets have been accused of 'fattening up' their profits while claiming they are cutting...

Inflation falls sharply raising hopes of interest rate cut but also fears of deflation

The biggest monthly fall in inflation in 16 years has lead experts to predict a further half percentage point interest rate cut before Christmas. By Harry Wallop, Consumer Affairs Editor The Consumer Prices Index, the...

Bank model isn't broken it just needs to be used better

The Bank of England Monetary Policy Committee's Inflation Report forecast shocked the markets. By Danny Gabay, Personal View Three months ago, the MPC attached less than a 5pc chance to CPI inflation being below 1pc next year....

Buy a house? It's not rational!

Last Modified: 18 Nov 2008 By: Channel 4 News The morning meeting asks: is today's drop in inflation good news, or will it lead to deflation and a further slowdown in consumer spending? The freshest news at 9.30 this morning -...

Inflation drops to 4.5%

• CPI down from 16-year high of 5.2% • First month-on-month fall in more than a year Inflation in Britain fell sharply to 4.5% in October, down from a 16-year high, thanks to lower petrol and food prices. It was the first time...

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