The Latest Breaking News from Bank of England

Figures point to delay in house purchasing and increase in debt for essential items

The annual growth rate of credit card borrowing in April was 11.6%, marking the highest rate since November 2005, the Bank of England said.

There has been a huge amount of concern about rising inflation in recent months, and it’s made worse by the fact that wage inflation has not been keeping up. A few workers in high-paid jobs have enjoyed higher bonuses and inflation-busting pay rises – it has just been reported that…

The Tory reputation for economic competence was shredded in 1992 but the present PM’s woes go deeper, politically and economically

Scottish Trades Union Congress Union has support from opposition politicians in their campaign to extend free school meals.

THE BANK of England may be forced to shove up interest rates even quicker than it was planning following Rishi Sunak’s dramatic intervention in energy markets, the City warned today.

Two of the bank’s economists attempt to soften the formidable institution’s reputation with this jaunty handbook

Economists fear the Chancellor may have to dish out billions more next spring, risking pushing inflation higher

Bank of England governor Andrew Bailey faced a Brexit row on Friday after it was accused of being “reluctant” to talk about the harm caused by Britain quitting the EU to avoid upsetting the Government.

The financial expert believes interest rates could go up even further

Poorer households may face an eye watering inflation rate of 14 per cent, the influential Institute for Fiscal Studies has said, after the boss of energy regulator Ofgem warned bills will soar even higher this autumn.