Offstream
news

The Bank of England's Monetary Policy Committee raises interest rates to 4.5%, the highest level in the UK since the 2008 financial crisis.
2023-05-11

The Bank of England raises its interest rates by 0.75 percentage point, to 3.00%, the largest increase in 33 years, amid soaring inflation and a cost of living crisis in the UK. The bank also predicts a record-length recession, lasting until mid-2024.
2022-11-3

The Bank of England buys 65 billion pounds of bonds in a bid to stabilise the UK economy.
2022-09-28

The Bank of England raises its benchmark interest rate from 1.25% to 1.75% in its largest single rate hike since 1995.
2022-08-4

The U.K. Chancellor of the Exchequer asks the Bank of England whether it needs more power. The central bank's Financial Policy Committee will study the question.
2013-11-26

Britain's Chancellor of the Exchequer, George Osborne, says that the finance ministers and central bankers of the G7 have agreed there must be co-ordinated action against tax evaders.
2013-05-11

Mark Carney, current Governor of the Bank of Canada, is named as the next Governor of the Bank of England. He will take up the position when current Governor Mervyn King steps down in June 2013.
2012-11-26

Chancellor George Osborne accuses ministers in Gordon Brown's government of attempting to manipulate interest rates during the recession.
2012-07-4

Chancellor George Osborne tells the Inquiry that suggestions of a deal between the Conservative Party and Rupert Murdoch are "complete nonsense".
2012-06-11

In the United Kingdom, Chancellor George Osborne outlines a Comprehensive Spending Review which will see the biggest spending cuts in decades, totalling £81bn, with welfare, local government and police particularly affected.
2010-10-20