A Eurosceptic Conservative MP in England has called on the governor of the Bank of England to consider his position, accusing Mark Carney of "a deliberate attempt to scare people into thinking we should remain in the EU".

The Bank of England is expected to keep the City waiting on much-anticipated measures to lift the economy out of the doldrums when it holds its latest interest rate meeting on Thursday.

The rebound for London shares continued today after China’s first cut in interest rates in four years triggered a surge for mining shares.

BRITISH chancellor George Osborne has handed over powers to the Bank of England to prevent a repeat of the banking excesses which triggered the recession.