Pressure is mounting on Bank of England governor Mark Carney ahead of tomorrow’s interest rates meeting as gathering signs of economic cheer cast doubt over his forward guidance strategy.

The UK economy is recovering faster than thought after official figures showed surging exports helped drive growth 0.7% higher between April and June.

The Bank of England left interest rates unchanged today as it kept the City waiting on fresh measures to stimulate the recovery.

New Bank of England governor Mark Carney becomes one of the most powerful central bankers in the world today when he takes the reins at a crucial time for the economy.

Chancellor George Osborne unveiled the first overhaul of the Bank of England’s remit in nearly a decade under plans for “monetary activism” in the face of sharp growth downgrades and higher borrowing.

Hopes that the UK can maintain its AAA credit are fading, economists said today.

Britain’s public finances veered further off track in July after a shortfall in corporation tax revenues and higher spending, putting the government’s deficit goals in doubt and raising the prospect of more austerity on top of planned spending cuts.

Figures released today have revelaed that the rate of inflation in the UK unexpectedly fell to a two-and-a-half-year low last month as declining oil prices started to filter through to the petrol pumps.

The UK is still in danger of falling into recession, according to the Bank of England, but further emergency support is looking less likely amid concerns over inflation.

The Bank of England is expected to hold back from unleashing extra emergency support for the British economy today amid mixed signals over the fate of the recovery.

Three years of rock-bottom interest rates will pass tomorrow with little sign the Bank of England is set to ease up on its emergency support.

The UK’s debt mountain today smashed through the £1trn (€1.19trn) barrier for the first time in history.

Fears over a further deterioration in the economy were raised by Bank of England members this month although policymakers voted unanimously in favour of holding the level of emergency support.

The Bank of England is expected to keep UK interest rates at their record low of 0.5% today despite high inflation which is piling misery onto cash-strapped households.

The UK's top banks face further public outrage today as the Bank of England reveals they are on course to miss crucial Project Merlin lending targets.

Hopes of a private sector-led recovery were boosted today after official figures revealed growth in Britain’s manufacturing sector rose to its highest level for seven months in October.

The number of mortgages approved for house purchase in the UK fell to a six-month low during August as activity in the property market continued to falter, figures showed today.

The services sector grew at its slowest pace for nearly a year in June as austerity measures dealt a blow to confidence, it was revealed today.

British high street sales fell in early June despite shoppers splashing out on food and new televisions for the World Cup, the CBI business group said today.

The UK high street has a spring in its step as sales in April rose for the third month in a row, an industry survey showed today.

UK exports took their biggest plunge in more than three years during January, official figures showed today.

The UK's goods trade gap with the rest of the world widened to an 11-month high of £7.3 billion in December, official figures showed today.

Britain’s big freeze left retailers out in the cold this month as the sector reported its worst sales performance since August, figures revealed today.

Hopes of a bumper Christmas for UK retailers were dealt a blow today after industry figures pointed to mixed trading in the festive run up.

A surprise fall in manufacturing output during August underlined the fragility of the UK’s pull out of recession today.

A decline in UK factory activity during September today fuelled fears that the British manufacturing sector's recovery is running out of steam.

The recession in the UK was not as deep as previously feared between April and June, official figures confirmed today.

Fresh signs of a recovery in the British manufacturing sector were revealed today as a report showed optimism at its highest level for more than a year.

Another £13bn (€15bn) in British Government borrowing last month sent total debt soaring to a record 56.6% of UK output, official figures revealed today.

British clothing and footwear stores were under pressure last month as retail sales volumes fell, official figures showed today.

In the week British Chancellor Alistair Darling made a bold bid to get shoppers spending again, retailing casualties are sprawled across the corporate landscape.

The Bank of England is widely expected to cut interest rates this week amid growing signs of a downturn in the UK economy.

The number of new mortgages approved for people buying a house dived to its lowest level for 12 and a half years during December, figures showed today.

New Year sales failed to spark a revival on the British high street after figures today showed trading grew at its slowest rate for more than a year.

The health of the UK's manufacturing sector continues to deteriorate, experts warned, after it emerged today that factory output had declined for the first time in more than two years.