Mark Carney
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Mark Carney says the penny will be scrapped
Mark Carney, the Governor of the Bank of England, has told a group of children that he expects the penny to be scrapped shortly. He was being filmed for a BBC TV show, and was asked about the future of the penny by one of the children. He
2-min read - BusinessAOL
Are you ready for a rate rise in 2016?
As Mark Carney has learned to his cost, trying to predict when interest rates will rise is a difficult business. However, it remains possible that we will see at least one rate rise by the end of 2016, so it's vital to check whether your
3-min read - BusinessAOL
Why Mark Carney should take more toilet breaks
Last week I called the Bank of England and asked if one of its press officers could tell me how far Mark Carney has to walk, and how many people he has to pass, in order to go to the loo. I know this sounds like a frivolous question, I said to
5-min read - BusinessAOL
Mark Carney hints at New Year decision on rate rise
Bank of England governor Mark Carney has reiterated his view that the decision on an interest rate hike "will come into sharper relief around the turn of the year" despite an increase in risks from the global economy. Mr Carney said
2-min read - BusinessAOL
Bank of England keeps interest rates at 0.5%
The Bank of England revealed its first split vote on interest rates since last year, but the prospect of sustained near-zero inflation means a hike is still not likely to come until early next year. Members of the Bank's Monetary Policy
2-min read - BusinessAOL
Low mortgage deals nearing end, Moneyfacts claims
The days of ultra low mortgage deals are coming to an end according to experts, who have reported a wave of lenders hiking their rates. Financial information website Moneyfacts said that across the mortgage market, 125 changes took place in
2-min read - BusinessAOL
Clock ticking on cheaper mortgage deals
The housing market is heating up once more as a wave of home owners look to snap up cheap re-mortgage deals before they disappear. Some 44,488 mortgages with a total value of £7.7 billion were approved for house purchase in June, marking the
3-min read
