The Latest Breaking News from Bank of England

Borrowers must currently show they can continue to repay their loan even if, hypothetically, their interest rate went up by three percentage points above the reversion rate

This so-called mortgage stress test was introduced to ensure borrowers did not take on unaffordable debt

An affordability test for mortgage lending will be dropped by the Bank of England from August 1.

Select band of economists back Liz Truss’s tax plan, but Rishi Sunak’s team say it could cost homeowners £6,600 a year

Shaun Attwood, now 53, headed up a multi-million dollar drug empire before finding himself coming face-to-face with some of America's toughest and most dangerous criminals

Mortgage interest rates are set to rise significantly over the coming months, and this will be brutal for many UK households. But talking up the coming crisis makes forecasters deeply unpopular—and actually the more it’s talked about, the worse it may get, argues Greg Marsh

Advisers and banks struggle with demand as buyers chase dwindling number of low-rate mortgages

Shaun Attwood, dubbed "The Bank of England" headed a multi million dollar drug empire

Inflation and a cost of living crisis mean the new PM will have little time to produce a feelgood factor

Liz Truss vowed to scrap all remaining EU laws by the end of 2023 if she becomes prime minister, as she vies for votes with Rishi Sunak in their battle to win the Conservative Party leadership election and succeed Boris Johnson.

The ex-chancellor used a speech in Grantham, the birthplace of Margaret Thatcher, to kick-start his campaign for the Tory leadership.