Bank of England keeping an eye on UK 'microwave' housing market, says chief economist Spencer Dale

The Bank of England is closely monitoring the UK’s “microwave” housing market, its chief economist, Spencer Dale, said today.

Consumer borrowing grows at fastest rate since 2008 crash

The Bank of England has admitted to an error in its data and said consumer borrowing has been growing at its fastest rate since before the financial crisis five years ago.

Bank of England must limit house price booms, says Rics

The Bank of England should use its powers to limit house price increases to 5% a year to "take the froth out" of price booms, a surveyors' group says.