Research by the Royal Institute of Chartered Surveyors (RICS) proposes cap on price growth
The Bank of England’s Financial Policy Committee should consider limiting annual house price inflation to 5% in order to prevent another housing bubble, reckless bank lending and a dangerous build up in household debt, according to new RICS research launched on Friday 13 September.
Plymouth is one of the destinations for a public consultation by the Bank of England on the introduction of 'plastic' (polymer) bank notes. The consultation event will be held at Drake Circus on 12 October.
The Bank is undertaking the consultation as part of its process of deciding whether to proceed with printing on the polymer material. This would initially only be for the new-style...
The Bank of England’s Monetary Policy Committee has voted to maintain bank interest rates at 0.5% at its meeting on 4 September.
The decision is in line with the monetary policy forward guidance announced last month by Governor, Mark Carney, alongside the publication of the August 2013 Inflation Report.
It has also agreed to keep the scale of its quantitative easing programme...
The Consumer Prices Index (CPI) rate of inflation fell by 0.1% to 2.8% in the year to July 2013, down from a 14-month high of 2.9% in June, according to the Office for National Statistics.
The largest contributions to the fall in the rate came from air fares, plus price movements (in some cases the result of seasonal sales) in the recreation & culture, and clothing & footwear...
At an event at Jane Austen’s House Museum today, Bank of England Governor, Mark Carney, confirmed that Jane Austen will appear on a forthcoming Bank of England banknote: the next new character following Sir Winston Churchill.
Commenting, the Governor said: “Jane Austen certainly merits a place in the select group of historical figures to appear on our banknotes. Her novels have an...
