Deutsche Bank now forecasts inflation could soar to 4.25% by summer, making further rate cuts a dangerous move. Chief UK economist Sanjay Raja warned that interest rate reductions might have to be “more backloaded than frontloaded” – meaning the BoE could be forced to hold off on cuts for longer than expected.

Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word "gradual", Monetary Policy Committee member Swati Dhingra said on Monday.

Jes Staley’s legal showdown over his career-ending friendship with the late sex offender Jeffrey Epstein will bring in some of the most prominent names in the City of London.Most Read from BloombergCu

Jes Staley ran one of the UK’s most prestigious banks before stepping down after an investigation into his ties to Jeffrey Epstein. Now he is fighting to restore his name.

Bank of England Monetary Policy Committee member Swati Dhingra has been reappointed to her role as an external member of the central bank's rate-setting body for a second three-year term, the British government said on Monday.

The security of the vaults and how cheap it is to store gold there, relative to the commercial vaults that make up the rest of the London gold market, mean that holders rarely shift their bullion

Mervyn King says there is ‘no harm’ in raising the basic rate of income tax as he urged Rachel Reeves to act over ‘silly things’ said before the election

Bank of England rate-setters are sounding the alarm on inflation, warning that the central bank may need to hold off on further interest rate cuts