Bank of England

The Bank of England should pump £50bn more into the "stalled" economy to kick-start the recovery, economist David Miles says.

The drop in inflation announced yesterday has paved the way for the Bank of England to begin another round of quantitative easing as early as next month.

Inflation in the UK dropped in April, beating the consensus forecast.

Governor of the Bank of England, Sir Mervyn King, will signal on Wednesday that interest rates will remain around their record low until the end of next year at the earliest.

The Bank of England's monetary policy committee has resisted calls for further quantitative easing and has left its programme of stimulus unchanged, while holding rates.

Sir Mervyn King advocates reform to banking regulation; Strike by border staff likely to add to Heathrow chaos; Search for pensions that share the pain.

Goldman's O'Neil aims for BoE; Cameron warns Euro crisis has just begun; Spain in double dip

The UK economy contracted by 0.2% in the first quarter of the year, meaning it has slipped back into technical recession, preliminary estimates from the Office for National Statistics show.

A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared" for the credit crisis and "controlled the bank with an iron fist."

Quantitative easing has no proven effect on annuity rates, pensions minister Steve Webb claims.