Unemployment falls by 167,000 to reach a five-year low of 2.32 million. The jobless rate is now 7.1 per cent, just above the level that could trigger an interest rate rise.
As unemployment falls to 7.4 per cent, near the 7 per cent threshold the Bank of England governor said would lead to a cut in rates, Faisal Islam looks at the figures – and the new plastic banknotes.
The Bank of England raises its growth forecast for the economy, but says interest rates will not automatically rise if unemployment falls faster than previously predicted.
Exclusive: Bank of England Governor Mark Carney tells Channel 4 News he will not be a “cheerleader” for the City and intends to “root out corruption” in the financial markets.
Exclusive: Bank of England Governor Mark Carney talks to Channel 4 News about the recovery, what it means for real wages and whether he will raise interest rates.
Exclusive: Bank of England Governor Mark Carney’s first major TV interview.
Today’s GDP numbers are not the highest under George Osborne’s chancellorship. But they offer the possibility that confidence and investment will trigger a virtuous spiral in the Uk economy.
The new governor of the Bank of England tells a business audience that interest rates are unlikely to rise in the next few years, but action could be taken to prevent a house price boom.
Cathy Newman discusses the interest rate decision with Julia Chanteray of The Joy of Business – a consultancy which helps businesses to develop and Simon Rose from campaign group Save our Savers.
Mark Carney tells Channel 4 News the Bank of England has sympathy for suffering savers, as he announces interest rates will be kept at record lows for years to come to help the economic recovery.
The new Bank of England governor’s pledge to keep interest rates low until unemployment falls is a big innovation – and a signal to the British public to spend, writes Economics Editor Faisal Islam.
As Mark Carney starts his new job as Bank of England governor – will he push for extra stimulus to boost the economy – or allow himself to be outvoted?
As Mark Carney takes over at the Bank of England, Caroline Criado-Perez, the campaigner fighting to keep women on English banknotes, writes about why the new governor should take note.
Mark Carney, the incoming governor of the Bank of England, is widely praised. So how good a job has he done in his five years in charge of Canada’s central bank?
With the words “flexible inflation target” peppering his Treasury select committee hearing, new Bank of England Governor Mark Carney clearly wants to do more to help Britain’s contracting economy.