Minutes of the Monetary Policy Committee’s (MPC) April meeting reveal that members voted six to three in favour of maintaining interest rates at their historic low of 0.5 percent.

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Unless access to finance for businesses is improved, there could be a funding gap of up to £190bn within five years, according to a Government-appointed committee.

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The use of cheques, which were until last month (July 2011) going to be abolished, must be improved, according to a committee of MPs.

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Sir Mervyn King has denied criticisms that he “ignored” requests by Chancellor George Osborne to improve SME access to lending.

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The newest member of the Bank of England’s rate-setting committee has voted to keep interest rates on hold at their historic low of 0.5 percent.

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A committee of MPs has urged the taxman to help SMEs understand the impact of real time information (RTI) rules, which are being developed to support a new universal credit system.

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Dr Andrew Sentance of the Bank of England last night criticised the monetary policy committee (MPC) over its failure to tackle inflation successfully.

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Dr Andrew Sentance has pushed for a base rate increase in his final speech as a member of the Bank of England’s Monetary Policy Committee (MPC).

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The Transport Select Committee (TSC) has requested that a ‘snow supremo’ be assigned in the UK.

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Due to the “exceptionally threatening” debt crisis in Europe, the UK’s banking sector should prepare to boost capital reserves with measure that include cutting bonuses, according to Bank of England governor, Sir Mervyn King.

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The MPC should not raise interest rates despite a surge in inflation, said a senior Bank of England official recently.

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The number of small businesses being launched across the UK is increasing, according to new research.

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Business secretary Vince Cable and energy secretary Chris Huhne have clashed over new carbon reduction targets set by the Committee on Climate Change.

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The Monetary Policy Committee (MPC) has opted to keep UK interest rates at a record low of 0.5 percent, despite inflation levels of twice the Bank of England’s 2 percent target rate.

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Andrew Sentance of the Bank of England’s Monetary Policy Committee (MPC) recently warned that UK inflation levels could top 5 per cent and become ‘embedded.’

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Industry experts last night urged the Bank of England to keep interest rates at record lows despite glimpses of economic recovery in the first quarter of 2011.

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The number of business start-ups in Scotland rose by a third during the first three months of 2011 compared to the final quarter of 2010.

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The Forum of Private Businesses (FPB) has advised small business owners that they should ‘name and shame’ companies that pay late.

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A package of potential changes to HMRC’s online systems does not take into account criticisms that the overall functionality is not ‘fit for purpose.’

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Fewer entrepreneurs in Scotland are taking the risk of setting up a business, according to recent figures released by the banking industry

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