The Latest Breaking News from Bank of England

After years of being relatively low, inflation is now re-emerging with a vengeance. The Bank of England expects it to rise to more than 7% by the spring of this year. Shortages of both workers and goods in the economy mean prices are rising, and the spiralling cost of energy…

Andrew Bailey’s stance on pay restraint shows how out of touch the governor is, says Daniela Gabor of UWE Bristol

The Bank of England has warned inflation could hit 7.25% by April.

Downing Street also criticised the comments from the Bank of England governor

What is Andrew Bailey playing at?

Hundreds of thousands of “squeezed middle” London households will miss out on the Government’s council tax rebate, it was claimed on Friday — as the Bank of England chief warned families to brace for the “difficult period ahead”.

GMB union calls Andrew Bailey’s comments about pay restraint to help control inflation ‘sick joke’

Bank of England governor says in two years time, we should be in a more stable position when it comes to inflation

Between the energy price cap rise, the Bank of England base rate rise, and the national insurance hike, this is going to be a costly year - but help is available