The Latest Breaking News from Bank of England

He fears a 1970s-level financial crisis

UK inflation fell this week as fuel prices dropped

Borrowing costs at their highest level in 14 years

In today’s newsletter: The newly appointed chancellor will deliver his first ‘fiscal event’ in Parliament today – but will it make a difference?

The UK government hopes to protect businesses and public sector organisations against spiralling energy costs with a package that parallels the price cap and support payments recently promised to households. But these significant interventions come with a large and imprecise price tag that raise serious doubts about the government’s future…

From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations

Threadneedle Street makes clear on eve of tax-cutting mini-budget that plans risk triggering more rate rises

An urgent warning has been issued to anyone with paper bank notes from the Bank of Scotland and Bank of England as the deadline to use them is just round the corner.

The Bank of England has warned that the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs at just under 10 percent. Meanwhile, Turkey's central bank continues its…

UK ‘already in recession,’ Bank of England says

The money-saving expert took to Twitter to share his thoughts on the Bank of England's announcement