UK economy

Big Ben and tube station

In Britain, the Bank of England sets the key interest rate, with the aim of keeping inflation at a set target rate. Other key economic data to watch include house prices, retail sales and employment data.

Recent articles (3)

Bank of England ©  Jason Alden/Bloomberg

Protect your wealth from the Bank's money printing madness

(06 November 09)

The Bank of England has printed £175bn of fresh money since March. Now it's planning another £25bn. But all it's done is inflate more bubbles. David Stevenson explains what it means for the economy - and your investments.

We can do without the talent

(06 November 09)– Subscriber only Secure padlock

There is simply no need for wages to be as high as bankers would like, says John Stepek. And lower pay would mean more profits going to shareholders rather than the 'talent' – which would be good news for us all.

An extra £39bn for RBS and Lloyds - but will it work?

(06 November 09)

After giving £37bn to Lloyds and RBS last year to keep them afloat, the government is this week making another £39bn available - most of it to RBS.