The Latest Breaking News from Bank of England

Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months.

When an economy is ravaged by high inflation and stagnated growth, economists brand it 'stagflation' to describe the nightmare combination. The UK economy is heading that way

Bank of England’s dire new forecast sparks recession fears

Staff at the warehouse in Bristol are protesting in response to a 35p-an-hour pay rise being offered by the tech giant

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.

"So if any ministers are watching, we're ready when you are. It's a very crucial day...for all our viewers looking for answers about what needs to be done."

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

Wider housing market shows signs of slowing, as economic pressures ramp up

Over 500,000 companies in distress as Repayment of Covid-support loans adds to pressure

UK to enter ‘deep and protracted’ recession, Bank warns