Bank of England governor Mark Carney was yesterday accused of jeopardising the bank’s credibility in the European Union debate as he faced a fiery line of questioning from MPs.

Mark Carney’s scope to sidestep the Brexit question is dwindling. With a referendum on Britain’s EU membership looming, the Bank of England governor has spent months trying to skirt the highly charged debate.

Protections put in place to deal with the failure of a major bank are “not there yet”, a deputy governor at the Bank of England has said.

The UK’s amateur landlords, already bruised by higher taxes when they buy rentals and lower rates of tax relief, could be facing a new blow.

Bank of England governor Mark Carney dampened expectations of an early interest rate rise today as he warned that despite strong growth the “prize” of sustained economic improvement was yet to be achieved.

Jon Cunliffe, a civil servant who is due to join the Bank of England as deputy governor for financial stability next month, said the housing market is not in a bubble as prices are rising from historically low levels.