Bank of England

World Gold Council appoints David Tait as CEO

The World Gold Council, the market development organisation for the gold industry, has appointed David Tait as its CEO. Tait…

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High street banks urged to continue taking in old £10 notes to ‘save’ retailers

Retailers are continuing to hand out old £10 notes despite them ceasing to be legal tender on 1 March 2018.…

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Jewellers warned the Darwin £10 note is almost extinct

The Bank of England has warned that it will withdraw legal tender status of the paper £10 note featuring Charles…

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Inflation rises to its highest level for six years

Inflation rose to 3.1% in the month of November, figures from the Office of National Statistics (ONS) have revealed. According…

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Spending growth slows to 2.4% as consumers feel ‘inflation squeeze’

Consumer spending growth slowed to 2.4% year-on-year in October which, with inflation at 3%, equated to a contraction in real…

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Bank of England launches new Banknote Checking Scheme

The Bank of England’s new Banknote Checking Scheme was launched on 10 October. The Scheme is aimed at cash-handling businesses…

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Businesses unable to cope with interest increases, research shows

One in 25 businesses would be unable to pay off its debts if the interest rates were to increase, research…

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UK retail sales drop as inflation rises

UK retail sales dropped by 1.8% in March marking the largest year on year decline since 2010 and exceeding economists’…

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Natwest and RBS to consider charging businesses to hold money

Natwest and the Royal Bank of Scotland (RBS) are mulling applying negative interest rates to business accounts and have warned…

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World Gold Council: gold price soars in wake of Brexit

The price of gold bullion has surged following the UK’s decision to leave the EU in last week’s referendum, according…

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