LONDON (Reuters) – A senior Bank of England policymaker raised doubts on Monday about whether the bank would benefit from longer-term policy commitments of the type championed two days ago by its future governor, Mark Carney.

The intervention by David Miles, an external member of the bank’s Monetary Policy Committee, adds to growing uncertainty about whether Carney’s arrival from the Bank of Canada in July will lead to big changes at the British central bank.

LONDON (Reuters) – Britain’s economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London’ Olympics pushing it perilously close to a “triple-dip” recession.

The country’s gross domestic product fell 0.3 percent in the fourth quarter, the Office for National Statistics said on Friday, a sharper fall than the 0.1 percent decline forecast by analysts.

LONDON (Reuters) – Britain’s economy shrank more than expected at the end of 2012 with a slump in North Sea oil production, lower factory output and a hangover from the London Olympics pushing it perilously close to a “triple-dip” recession.

Britain’s gross domestic product fell 0.3 percent in the fourth quarter, the Office for National Statistics said on Friday, a sharper fall than the 0.1 percent decline seen by analysts.

LONDON (Reuters) – A flagship scheme to get banks lending is likely to prove underwhelming unless the benefits spread beyond the mortgage market and into small business investment.

Bank of England Governor Mervyn King and Chancellor George Osborne announced the Funding for Lending Scheme (FLS) last June, in a bid to revive an economy that is still smaller than it was before the 2008-09 financial crisis.

LONDON (Reuters) – A flagship British scheme to get banks lending is likely to prove underwhelming unless the benefits spread beyond the mortgage market and into small business investment.

Bank of England Governor Mervyn King and finance minister George Osborne announced the Funding for Lending Scheme (FLS) last June, in a bid to revive an economy that is still smaller than it was before the 2008-09 financial crisis.

LONDON, Jan 25 (Reuters) – A flagship British scheme to get
banks lending is likely to prove underwhelming unless the
benefits spread beyond the mortgage market and into small
business investment.

Bank of England Governor Mervyn King and finance minister
George Osborne announced the Funding for Lending Scheme (FLS)
last June, in a bid to revive an economy that is still smaller
than it was before the 2008-09 financial crisis.

BELFAST (Reuters) – The Bank of England’s inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a speech on Tuesday.

He also said that the central bank was ready to restart bond purchases or cut interest rates if needed to boost the economy, but that Britain needed more fundamental reforms if it was to exceed the “gentle recovery” he expects for 2013.

BELFAST, Jan 22 (Reuters) – The Bank of England’s
inflation-targeting remit needs to be fine-tuned but should not
undergo fundamental change, central bank governor Mervyn King
said in a wide-ranging speech on Tuesday.

King also said the central bank was ready to restart bond
purchases or cut interest rates if needed to boost the economy,
but that Britain needed more fundamental reforms if it was to
exceed the “gentle recovery” which he expects for 2013.

LONDON, Jan 22 (Reuters) – Bank of England Governor Mervyn
King is too powerful and planned changes at the bank will worsen
the situation by the time Canada’s Mark Carney succeeds him, a
former senior policymaker at the bank said on Tuesday.

Adam Posen, speaking to legislators about three years on the
bank’s Monetary Policy Committee that ended in August, said the
bank’s non-executive directors, finance ministry officials and
politicians were unable to effectively hold King to account.

LONDON (Reuters) – Restarting the Bank of England’s asset purchase program any time soon would give little help to Britain’s economy and risks raising inflation, new central bank policymaker Ian McCafferty said on Friday.

In his first speech since joining the bank’s Monetary Policy Committee (MPC) in September, McCafferty also said that he was concerned inflation would be slow to fall over the next two years and that pent-up wage pressures were building.