Mervyn King and George Osborne Announce Funding for Lending Scheme Details
Pair say banks will be able to borrow at 0.25 percent interest to incentivise cheaper lending into the real economy, namely consumers and businesses.
Snubbed MP John Mann Calls Bank Probe a 'Total Joke'
Tough-talking John Mann, the Labour MP who sits on Andrew Tyrie's Treasury committee and labelled Bob Diamond 'incompetent', hits out after being left off banking inquiry panel.
Rich Ricci Tipped to Replace Bob Diamond at Barclays as Paddy Power Suspends Betting
After Bob Diamond resigned as Barclays chief executive in wake of Libor scandal, former colleague Rich Ricci emerges as favourite successor.
OBR: Half a Century Needed to Bring down Britain's Debts
Independent fiscal watchdog Office for Budget Responsibility says more austerity needed to bring public debt down to pre-crisis levels.
Meet the Campaign for a Public Inquiry into the UK Economic Crisis
Bank bailouts, growing public debt, a deficit - all features of the UK's economic crisis. IBTimes UK speaks to the campaign for a public inquiry into the hows, whys and whos of Britain's financial collapse.
CBI's John Cridland Attacks George Osborne on UK Growth Plan's Failure
Confederation of British Industry head says Chancellor Osborne and government have failed to implement infrastructure investment plan as the UK wallows in recession.
Barclays Libor Scandal: Agius Knifes Bob Diamond at Treasury Committee
Barclays chairman Marcus Agius would not back beleaguered former chief executive Bob Diamond's testimony to MPs that he only found out about Libor fixing allegations in June.
EDL: Three Birmingham Men Plotted Attack on Far-Right Group
Three men appeared at Westminster Magistrates Court accused of making an improvised explosive device and obtaining weapons to attack the English Defence League.
Danny Blanchflower and Andrew Sentance Clash on Twitter over Bank of England Monetary Policy
Two former Bank of England monetary policy committee members, Danny Blanchflower and Andrew Sentance, fought over what should be done to help the ailing UK economy.
Barclays Libor Scandal: Paul Tucker Emails to Bob Diamond Reveal Depth of Inquiry About Rate Levels
Emails between Tucker and Diamond, released ahead of the deputy governor's appearance before Treasury committee, show the level of detail discussed over bank's finances.
UK Politicians Round on Banking Industry Ahead of Parliamentary Inquiry
Ed Miliband, Ed Balls, George Osborne, Vince Cable and David Cameron have all spoken out about the banking industry and the need for reform since the Libor scandal broke.
JJB Shares Freefall After Dismal Euro 2012 Sales
JJB, the sportswear retailer, said an expected boost in sales from Euro 2012 in the second quarter didn't materialise, sending its share price tumbling.
Barclays Libor Scandal: Key Questions for Bank of England's Paul Tucker
Paul Tucker, Bank of England deputy governor, faces a showdown with MPs over his role in the Barclays Libor scandal - IBTimes UK explores the key questions.
CBI's Ian McCafferty to Replace Adam Posen on Bank of England's MPC
Chancellor George Osborne announced that he has appointed the Confederation for British Industry's chief economic adviser to the rate-setting committee as Posen prepares to depart.
Looming Bank Losses Threaten BoE's Credit Easing Plans
Minutes from the Bank of England's Financial Policy Committee reveal fears over the scale of banks' exposure to global risks, such as the eurozone crisis.
Ed Balls Tells George Osborne Labour to Vote Against Parliamentary Banking Inquiry
Shadow chancellor Ed Balls told MPs that the Labour party will not vote for the government's parliamentary inquiry into banking, but would back a public one instead.
Bank of England Increases Quantitative Easing to £375bn, Holds Key Rate Steady
Mervyn King and the Bank of England's rate-setters will plough an extra £50bn into the economy through monetary stimulus, in another bid to pull the UK out of recession.
Barclays Libor Scandal: Bob Diamond Tells MPs he Knew Nothing
Bob Diamond, ex-boss of Barclays Bank, tells MPs he only recently found out about Libor scandal - but the bank's annual report for 2011 suggests otherwise.
Barclays Libor Scandal: Who Will Be Targeted in Parliament's Banking Inquiry?
Barclays Libor Scandal: IBTimes UK finds that former Labour ministers, BoE chiefs and some of the largest banks bosses will be in the docks
Eurozone Crisis: June PMI Data Shows Output Contracts for Fifth Month in a Row
Eurozone manufacturing and service sector output still weighed down by ongoing political and economic crises.
UK Recession Drags on as June Service Sector Growth Slumps to Eight-Month Low
Slowing growth in UK's service sector, the dominant part of British economy, signals recession may extend into another quarter.
Barclays in Crisis: Jerry del Missier Resigns with Bob Diamond
Del Missier, Barclays chief operating officer, is yet another executive at the bank to step down in the wake of the Libor rate-fixing scandal.
Barclays in Crisis: Should the Government's Banking Inquiry be Parliamentary or Public?
As the government and Labour battle over whether the banking inquiry should be conducted by parliament or a judge, IBTimes UK explores the arguments on either side.
Barclays Libor Scandal: George Osborne Announces Parliamentary Probe into Banking Industry
Bankers face a parliamentary inquiry into their disgraced industry, Chancellor George Osborne announced to the House of Commons, after a rate-fixing scandal rocked the financial world.
George Osborne and UK Austerity: Why Gilt Yields Are Near Record Lows
Chancellor George Osborne says austerity is why gilt yields have hit record lows, but IBTimes UK explores the bigger reasons for Britain's low cost of borrowing.
UK Manufacturing Output Contracts Again in June - Markit
June purchasing managers index data shows that UK manufacturing output did not recover out of a contraction from its three-year-low in May.
Bank of England: UK Banks Must use Capital Buffers to Lend if Economy Worsens
The Bank of England's financial policy committee recommends in a report that UK banks use their cash reserves to continue lending to the wider economy if the recession bites harder.
Emails Exposing Financial Scandals: Barclays' Libor Fixing, Fabrice Tourre, Philipp Hildebrand and Henry Blodget
After internal Barclays emails exposed wrongdoing in the company, IBTimes UK looks back at other financial scandals emerging from private emails.
Rupert Murdoch Confirms News Corporation Split
Rupert Murdoch, News Corp chief executive, has confirmed that within a year his media business will be split into publishing and entertainment units.
UK Economy Contracts Faster as ONS Revises Q4 GDP Data Down
Britain's economy contracted by 0.4 percent in the final quarter of 2011, worse than previously thought, according to revised Office for National Statistics data.
