The Latest Breaking News from Bank of England

Andrew Bailey will speak at a Chamber breakfast on Friday

Britain set out a detailed plan on Monday to exploit the potential of cryptoassets and their underlying blockchain technology to help consumers make payments more efficiently. As part of creating a global cryptoasset hub, financial services minister John Glen said Britain will legislate to bring some stablecoins under the regulatory…

Ministers say the pay rise amounts to £1,000 more a year for the average worker from April - but with inflation on everyday goods at 6.2%, is the 82p an hour increase enough?

People are being encouraged to spend or bank their paper £20 and £50 banknotes before their legal tender status is withdrawn - there is just six months until the deadline

Back by popular demand, Ed MacArthur and Kiell Smith-Bynoe are reworking their anarchic show about the rivalry between a toff and a TikToK rapper on the kids’ party scene

34% of those feeling the pinch report using less gas and electricity and 31% are spending less on food

The Office for Budget Responsibility said last week that households will suffer the biggest fall in income since records began in 1956.

The old £20 notes will stop being legal tender in six months

There are around £7 billion worth of paper £20 banknotes and £10.5 billion worth of paper £50 notes still in circulation.