Bank of England

COMMENT

Bank of England Governor Mark Carney will act to prevent the housing market growing at 'warp speed', and said there are economic tools he can use other than keeping interest rates low.

The government's stake in part-nationalised lender Lloyds Banking Group is to be offered to the public, the government said today.

Shares in UK housebuilders have tumbled after the Bank of England said it will end the Funding for Lending (FLS) scheme for mortgages a year early.

The UK economy is heading in the right direction but there are a "number of years to go" before a full-blown recovery can be called, Bank of England (BoE) chief economist Spencer Dale has said.

UK EQUITY ALPHA

Macro data was at the forefront of investors' minds this week, after a surprise drop in UK inflation sent the pound lower.

The Bank of England is expected to raise its growth forecast for the UK to 3% following the strong recovery the country has seen.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to maintain UK interest rates at their historic low of 0.5%.

The Chancellor George Osborne is expected to step back from plans to break-up the Royal Bank of Scotland (RBS) amid an expected outcry from some shareholders.