The Bank of England wants more formal powers to intervene in the housing market to stop a bubble destabilising the financial system.
Virgin Money's long-awaited flotation is set to return �50 million to the taxpayer, it has been revealed, and will help pay off monies agreed in its purchase of Northern Rock in 2011.
LONDON Oct 2 (Reuters) - The Bank of England gave a clean bill of health to Britain's controversial flagship mortgage guarantee scheme on Thursday, sparing the government from potential embarrassment in the run-up to a national election.
LONDON Oct 2 (Reuters) - British construction activity grew at one of the fastest rates on record last month, though slower rises in new orders and employment raise questions about the durability of the upturn, a survey of purchasing managers showed on ...
The high street crisis deepened yesterday after City watchdogs launched an investigation into bogus profit claims at Tesco while Sainsbury's revealed a disastrous fall in sales.