The Bank of England (BoE) is open to discussions with Britain's government about new ways to help boost economic growth by paring back regulatory requirements for the financial services industry, Deputy Governor Sam Woods said on Monday.

Lloyds Banking Group Chief Executive Charlie Nunn has said the lender expects three cuts to interest rates in 2025 from the Bank of England, in line with the interest rate swaps market. Lloyds is one of the largest mortgage lenders in the U.

The Bank of England’s regulatory arm set out a string of ideas that could meet the government’s call to boost economic growth, including a new “concierge service” for foreign firms entering the UK market and streamlining the process for creating new rules.

The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.

Newest policy-committee member recommends taking out ‘a little insurance’ amid signs of weakening demand in a fragile economy.

Brokers are paid commission by the lender each time a homeowner takes a mortgage, which is typically about 0.35% of the total value.

Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013. He had previously worked at the investment bank Goldman Sachs, and served as the governor of the Bank of Canada, the country's central bank.

Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut

Latest figures show that UK inflation dropped last month, potentially affecting the Bank of England's interest rate decision next month. The Consumer Prices Index (CPI) rate fell from 2.6 per cent in November to 2.

The fall in the headline rate of inflation from 2.6 percent to 2.5 percent was unexpected and positive news for the Chancellor Rachel Reeves.

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister fo

The good news is not expected to last as inflation creeps up in the coming months as the rise in employer’s national insurance contributions arrives in April, higher VAT on school fees kicks in and road taxes rise. Add to that rising oil prices that could translate into higher costs for homes, transport and related services.