Mervyn King

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

Bank of England Governor Mervyn King says failure to act now on banking reforms could lead to a bigger financial crisis.

Sterling fell sharply today after Bank of England Governor Mervyn King labeled the UK economic recovery "fragile".

UK inflation has hit 3.5%, prompting Mervyn King to write a letter of explanation to the Chancellor.

UK inflation is likely to have risen to around 3.5%, exceeding the Bank of England's (BoE) target for the third time.

While central banks and governments have started to think about how they might navigate a return to normality, there is little evidence that an exit is imminent

Sterling has leapt to a month high against the euro and dollar after hints from Mervyn King dismissing an increase in QE in November.

Bank of England governor, Mervyn King, says RBS and HBOS were within hours of a liquidity shortfall on 6 October 2008, and the day after, as the country's financial system came to the brink of collapse.

Unemployment in the UK rose by 210,000 to 2.47m in the three months to July, which is the highest level since May 1995, according to the ONS.

UK inflation has fallen to its lowest level in over four years, according to official statistics.