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IMF ups UK growth forecast

Updated: 09th July 2013 - First Published: 09th July 2013 In a tentative sign that the UK economy is slowly returning to health, the International Monetary Fund (IMF) today raised its growth forecast for the country from 0.7% to 0.9%. Read More...

King warns rate rise “not imminent”

Updated: 26th June 2013 - First Published: 26th June 2013 Speculation that interest rates could begin to rise again over coming months has been dismissed by the Governor of the Bank of England (BoE) Sir Mervyn King. Read More...

Low interest rates ‘unsustainable’

Updated: 21st June 2013 - First Published: 21st June 2013 The Governor of the Bank of England (BoE) has called for the Government to prepare ahead for a rise in BoE base rate. Read More...

MPC voted unanimously to keep base rate at 0.50%

Updated: 19th June 2013 - First Published: 19th June 2013 Minutes from the Bank of England’s Monetary Policy Committee (MPC) meeting on 6 June have revealed all nine members agreed to keep base rate at 0.50% for the 51st successive month. Read More...

Financial confidence grows to three year high

Updated: 18th June 2013 - First Published: 18th June 2013 The public’s perceptions and confidence in the economy over the next twelve months has grown to the highest level since 2010, according to a new report. Read More...

Base rate remains at 0.50%

Updated: 06th June 2013 - First Published: 06th June 2013 The Bank of England’s Monetary Policy Committee (MPC) has voted to keep base rate at its historic low of 0.50% for the 51st consecutive month. Read More...

UK GDP forecast upgraded

Updated: 03rd June 2013 - First Published: 03rd June 2013 The British Chambers of Commerce (BCC) has forecast that the UK’s gross domestic product (GDP) will rise by more than initially predicted. Read More...

£2.6 billion lent under FLS during Q1

Updated: 03rd June 2013 - First Published: 03rd June 2013 Consumers and businesses were lent a total of £2.6 billion during the first quarter of this year as a result of the Government’s £80-billion Funding for Lending Scheme. Read More...

Sunny outlook for UK economy

Updated: 16th May 2013 - First Published: 15th May 2013 The Governor of the Bank of England, Sir Mervyn King, delivered his final inflation report today, in which he predicted that inflation would fall to around the Government’s 2% target by the end of 2014. Read More...

UK avoids triple-dip recession

Updated: 25th April 2013 - First Published: 25th April 2013 Preliminary figures released by the Office for National Statistics (ONS) today have shown the UK’s economy grew by 0.3% during the first quarter of 2013, escaping a triple-dip recession. Read More...


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