Mark Carney

Lending scheme (FLS) on business get preference not mortgage borrowers.

Lending scheme (FLS) on business get preference not mortgage borrowers.Mark Carney, The Bank of England's governor say that supporting mortgage lending was "no longer necessary".

Considering the price rise in many regions he mentioned that an overheated housing market would be a risk to the economy.

Funding for Lending will be refocused on businesses from January 2014, the governor said.

Interest Rates May Rise before General Elections: Experts

Bank-of-EnglandAfter the report issued by the Office for National Statistics on Wednesday, experts have suggested that the interest rates may not remain low and may increase before the general elections.

The expectations are made considering the better economic growth and reducing unemployment in the country.

Rise in House Prices Must be Restricted to 5%

Rise in House Prices Must be Restricted to 5%A warning was given by Bank of England Governor Mark Carney regarding a scheme by the Royal Institution of Chartered Surveyors (RICS). This warning was given yesterday to the policymakers that they should be "vigilant" regarding the threats of a bubble caused by the Government's mortgage subsidy scheme.

Report by EEF Explains Market Crisis

Monetary-Policy-CommitteeAccording to the reports of a recent survey made by industry group EEF, due to output rising to a three-year high, manufacturers have finally got the chance to enjoy a "surge" in their activity; the recovery too has taken a hold.

Bank of England Governor Mark Carney speaks about Savers

Bank-of-EnglandRecent updates have unveiled that the savers have been affected by rock- bottom interest rates. This fact was brought into notice by the Bank of England's new governor.

Mark Carney's first speech encapsulated an expression of sympathy for the thrifty savers, including millions of pensioners.

Exports in UK Grow at Faster Rate to Boost GDP

economyA surge in exports has helped the UK's economy recover at a rate much faster than what was originally thought between April and June. As per official figures released yesterday, the economy expanded by 0.7%.

The headline growth figure was revised by the Office for National Statistics from its original 0.6% estimate. The growth rate was 0.3% in the first quarter of 2013.