Bank of England

The proportion of people planning to take their first step on the property ladder in the coming months has risen to its highest level in at least two-and-a-half years, despite the "minefield" of difficulties they face, a study suggests today.

Britain's banks rode out the latest blow to confidence in the industry today after 15 of the world's biggest institutions were downgraded by Moody's.

The retail prices index (RPI) rate of inflation fell to 3.1% in May compared with 3.5% in April, new figures from the Office of National Statistics (ONS) reveal today.

Record low interest rates and multi-billion-pound emergency support measures from the Bank of England are costing savers nearly £18 billion a year, research showed today.

Plans for a multi-billion pound emergency bank funding scheme to kick-start lending to households and businesses have been unveiled.

The base rate has been held at its 0.5% historic low once again, the Bank of England announced today.

Banks must be told to stop offering free current accounts if Britain wants to stamp out mis-selling scandals, a senior regulator said today.

Mortgage holders and wannabe first-time buyers have been warned by the Bank of England that the cost of home loans could rise due to the eurozone crisis.

House prices are continuing to "fluctuate quite widely" after the average price dropped 2.4% last month, mortgage lender Halifax says.

Bank of England governor Sir Mervyn King has admitted more should have been done to avert the banking crisis and has urged the Government not to delay reforming the financial sector.