The Latest Breaking News from Andrew Bailey

The Standard looks at the moves the chancellor could announce

This week’s decision could pit governor Andrew Bailey against an expansionary PM and chancellor

A widely expected rise in interest rates has been put on hold due to the death of the Queen

Bank of England govenor Andrew Bailey sidestepped questions on whether Liz Truss’s expected energy package could spike a rise in living costs.

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.

New chancellor on charm offensive in Square Mile says Bank of England independence ‘is sacrosanct’

The UK cost of living crisis has been building since early 2021. At 10.1%, the current rate of consumer price inflation is the highest in 40 years and the Bank of England believes it could pass 13% in October.

New chancellor promises City bosses ‘radical’ plan for economic growth and smooths over Truss’s threat to review Bank’s remit

‘It’s important that there is clear way forward on policy’, says governor Andrew Bailey on Liz Truss plan

Deputy Prime Minister Therese Coffey says Cabinet must deliver ‘at pace’ to tackle mounting energy crisis

Efforts to undermine Good Friday agreement would not create conducive environment for US-UK trade talks, says Biden’s press secretary