LONDON British inflation picked up by a little more than expected in October as the COVID-19 pandemic continued to affect the cost of goods, with clothing and food prices rising during the month, official data showed on Wednesday.
LONDON Bank of England Deputy Governor Dave Ramsden said on Tuesday that positive news about COVID-19 vaccines could help to reduce the risks facing Britain's economy but the central bank was unlikely to revise up its forecasts as a result.
LONDON Britain's economy is undergoing lasting changes as a result of the COVID-19 pandemic and the financial services industry must make a "major commitment" to support the investment that will be needed, Bank of England Governor Andrew Bailey said.
LONDON Britain's economy grew by a slower than expected 1.1% in September from August, lagging other rich nations as it struggled to recover from the shock of the pandemic even before the latest COVID-19 lockdown.
LONDON The Bank of England has discussed using yield curve control in its search for new ways of boosting its firepower, but there is little need for it at the moment, Governor Andrew Bailey said on Thursday.
LONDON British employers laid off a record number of staff in the third quarter and the jobless rate jumped as the labour market weakened before finance minister Rishi Sunak made a U-turn on COVID support measures. | Video
LONDON New COVID-19 infections in England have stabilized at around 50,000 a day, the Office for National Statistics said on Friday, indicating a levelling-off in the steep rise of cases even before England was pushed into a second national lockdown.