The Latest Breaking News from Andrew Bailey

Media Matters reported that adverts from big brands including IBM, Apple, Oracle and Bravo were running next to pro-Hitler and antisemitic content on X

A lawsuit has challenged the constitutionality of Missouri’s new law requiring voters to show photo identification to cast a regular ballot

The Bank of England kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while yet especially if oil and gas prices increase sharply in light of the conflict between Israel and…

With a weak economic outlook and shrinking inflation the Bank risks leaving rates too high for too long

With wages growth and job vacancies slowing, the monetary policy committee should hold interest rates again if it wants to avoid storing up trouble

Bailey also said wages are still rising too fast to meet the Bank’s 2% inflation target

Chancellor says high interest rates mean he has had to borrow up to £30bn more than planned

The chancellor said the world is in ‘a very dangerous place’, adding that he is ‘focusing on resilience in the face of those shocks’

Chancellor rules out tax rises and vows to cut spending in autumn statement as borrowing rises up to £30bn more than forecast