Bank of England

BoE allows banks to restart shareholder distributions

Inflation uncertainty

Increase from 2.1% puts pressure on the Bank of England

Bank rate to remain 0.1%

15 failed to pay more than BoE

Still second-highest monthly borrowing on record

The UK economy grew at its fastest monthly rate since July last year, having jumped 2.3% in April as lockdown restrictions continued to ease.

CPI rises 1.5% in April

Driven by rising household utility, clothing, and motor fuel prices

QE held at current pace but BoE signals tapering