The Latest Breaking News from Andrew Bailey

Top officials from the world’s biggest central banks coalesced around a simple message in Jackson Hole this weekend: They are ready to follow through with higher interest rates, even if it does some damage.

From Formula Ford Festival winner Vincenzo Sospiri watching his old team boss John Village in action, to Shawn Rashid singing the praises of his Le Mans class-winning mentor Johnny O'Connell and a special display of Vauxhalls at Brands Hatch, there were plenty of unusual stories from national motorsport this week

Labour’s Rachel Reeves says Conservatives are ‘playing blame game’ for UK’s economic problems

He has been accused of being asleep at the wheel over inflation, but sacking the Threadneedle Street chief would be a risky step

The Governor of the Bank of England warned that earlier interest rate rises could have brought forward a recession.

Carrying on with the current economic policy is ‘not going to cut it’, IFS chief says

Companies should be asked to rein in profits instead of workers urged to limit pay demands, angry union leaders have told the Bank of England.

Inflation will reach 13 per cent by the end of the year, the Bank predicts

Bank of England Governor Andrew Bailey pushed back at suggestions by the front-runner to become Britain's next prime minister Liz Truss and her supporters that the government should have a bigger role in how the central bank operates.