The Chinese economy is slowing down and there can be no denying it

The China slowdown is real and central banks pumping up stock markets with cash and confidence is not going to reverse that situation.

Pound jumps as Mark Carney says rate rise moving closer

The pound rose by a cent against the dollar after Bank of England governor Mark Carney said the time for an interest rate rise was getting closer.

Bank of England stress tests to include feared global crash

The Bank of England is to impose a series of tests on large UK banks to establish whether they are able to withstand a dramatic slowdown in China, a contraction in the eurozone, the worst deflation since the 1930s or a fall in UK interest rates to zero.

Why interest rates won't rise any time soon

Interest rates will remain on hold beyond next year’s general election, the Bank of England is expected to signal this week, in an environment of lower inflation, weak wage growth and increasing eurozone headwinds.

Carney: massive shortfall in currency reserves for independent Scotland

Mark Carney was dragged further into the debate about the currency implications for an independent Scotland on Wednesday, telling MPs that in the event of a yes vote Scotland would need to amass billions of pounds of currency in reserves if it uses sterling without a formal agreement with Westminster.

Bank of England to unveil bonus clawback plan

The Bank of England is expected to unveil on Wednesday a plan which may see rule-breaking bankers return bonuses up to seven years after being awarded them, the BBC understands.

London house prices soar 26 percent in a year, fastest pace since 1987

LONDON (Reuters) - London house prices soared 26 percent over the past year in the biggest annual jump since 1987 as the economic recovery and record-low interest rates stoked a boom in one of the world's most expensive property markets.

UK interest rates 'could return to 5% in long term'

Interest rates could rise to 5% in "the very long term", a senior Bank of England figure has said. Sir Charlie Bean, deputy governor for monetary policy, called it "reasonable" to think rates would return to pre-recession levels in 10 years or more.

Bank of England unlikely to rush into an early interest rate rise

Employment up by more than 250,000 on the quarter. The unemployment rate below 7% and at its lowest rate in five years. Average earnings are picking up and finally outpacing prices.

Western banking regulations could be 'mutually destructive' – IMF report

Western governments have put in place banking regulations that could be "mutually destructive" and undermine efforts to prevent bust banks from costing taxpayers billions of pounds, according to a report by the International Monetary Fund.

Mark Carney says UK housing market in widespread recovery

Bank of England governor Mark Carney says the UK housing market is generally recovering.

We are in a housing bubble, claims economics professor

Most regions of the UK are already in a house-price bubble, according to an economics professor from Warwick University.

U.K. Economic Growth Quickens on Investment, House Building

Britain’s economic recovery accelerated in the third quarter as investment and house building helped to offset the biggest drop in exports in more than two years.

UK jobless rate falls to three-year low as economy grows

The number of unemployed people in the UK fell by 48,000 to 2.47 million between July and September, the Office for National Statistics has said.

Bank of England sits tight on policy as recovery builds

The Bank of England left policy unchanged on Thursday, sticking to its commitment to keep interest rates at rock-bottom until the country's recovery is more firmly established.

Signs of recovery come despite, not thanks to, George Osborne's austerity

The choice of the person to govern a central bank is one politicians and financial markets take very seriously.

Bank of England governor reiterates pledge on low interest rates

Mark Carney, the governor of the Bank of England, sought to convince a sceptical City that borrowing costs will remain on hold for the next three years on Wednesday, as he warned that Britain needs a prolonged period of low interest rates to make up the ground lost during the recession.

Retail boosts confidence: Strong July for shoppers casts doubt on Bank of England strategy

A surge in retail sales in July has bolstered the City's confidence in the British recovery and cast more doubt over the credibility of the Bank of England's pledge to keep interest rates down for three years.

Bank of England policy team back forward guidance

Bank of England governor Mark Carney received almost complete support for his new forward guidance policy from his colleagues on the Bank's Monetary Policy Committee (MPC).

Narrowing trade gap fuels British recovery hopes

LONDON (Reuters) - Britain's trade deficit narrowed sharply in June while second quarter construction output grew faster than an official estimate, adding to signs the country's economic recovery is moving onto a more sustainable footing.