Bank of England

‘I am more cautious on UK growth than the crowded consensus’

The Bank of England may find monetary policy such as raising interest rates "the only game in town" to combat financial stability risks such as the housing market, the Deputy Governor has warned.

When will UK interest rates peak?

The government may "pare back" its Help to Buy scheme if the Bank of England (BoE) believes it threatens the UK's economic recovery, Nick Clegg has said.

Bank of England Governor Mark Carney has tried to defuse expectations of an imminent rate hike by saying it would "not be the right tool" to deal with a booming housing market.

Neil Woodford has told Investment Week a "fragile" UK economic recovery could yet mean base rates stay at a record low for the next three years.

The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.

Given the nature of the financial crisis and the depth of the accompanying recession, the recovery process was always going to be a hard grind.

INVESTMENT TRUSTS

Investors should avoid income-paying trusts after the sector moved to trade on a premium for the first time since the financial crisis, analysts have warned, amid growing expectations interest rates could rise this year.