Bank of England

Bank of England governor Mervyn King yesterday set out his reasons for the overshoot of CPI inflation last month in a letter to new Chancellor George Osborne. They were all dubious, says Henderson chief economist Simon Ward.

While there is sure to be some heavy criticism coming from the media and other commentators about the apparant ineptitude of the MPC to correctly forecast near term inflation, spare a thought for Mervyn King.

UK inflation probably accelerated to a three-month high in April as higher energy costs and the weak pound stoked prices enough to prompt a letter of explanation from Bank of England governor Mervyn King.

Bank of England's latest Inflation Report predicts inflation will remain above 2% target throughout 2010 but should fall below in longer term

Inflation is set to fall below its 2% target - even if interest rates remain at their record low, the Bank of England said in its quarterly inflation report.

The Bank of England (BoE) today kept interest rates at a record low of 0.5% as uncertainty remains over who will govern Britain.

Bank of England Governor Mervyn King believes interest rates in Britain will stay lower for longer than the markets expect to compensate for the fiscal pain ahead.

GLG Partners is preparing to soft-close Jason Mackay and John White's UK Alpha Select Ucits fund as it has hit its target of $300m (£195m) in assets under management.

Taxes must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (Niesr).

Some UK equity fund managers are taking risk off the table in the belief Britain is facing a double-dip recession, following lacklustre GDP figures released last week.