The Latest Breaking News from Andrew Bailey

Ex-Treasury official and adviser to David Cameron will replace Ben Broadbent, making MPC majority female for first time

It is the sort of discovery that never seems to occur in Lincolnshire. Recently, it was revealed that a toxic, shrinking lake in southern California has even more lithium dissolved deep beneath its surface than previously thought. Enough, in fact, to produce the equivalent of nearly 400 million electric vehicle batteries.…

British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.

The Body Shop has collapsed into administration in the UK, less than three months after it was taken over by a private equity company

Goldman Sachs ‘Doppelgänger’ analysis suggests UK real GDP has unperformed by 5% since 2016 vote, while Body Shop’s owners have filed the intention to appoint administrators.

Rolling coverage of the latest economic and financial news, as US adds 353,000 new jobs in January

The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy, as high inflation prevents cuts to borrowing costs.

Bank of England’s rate-setting panel is split three ways – to hike, cut or hold –but analysts are now pencilling in a cut for late spring

Shock acceleration in cost of living increases could delay the start of interest rate cuts by the Bank of England