The Latest Breaking News from Bank of England

The Financial Conduct Authority said it had held a ‘constructive’ meeting with savings providers.

Andrew Bailey has come out swinging against retailers and backed regulators

Higher mortgage rates are taking their toll across the sector

The Bank of England governor said petrol retailers have been ‘charging too much’

FTSE 100 index posts biggest one-day fall since March, as strong US jobs report fuels fears of even higher US interest rates

Fears heighten for UK economy and household budgets as expert says ‘hard landing increasingly likely’

Rishi Sunak has blamed the high number of fixed-rate mortgages for his government’s failure to bring down inflation.

Though not out of the woods, regional economy continuing pick-up that began at the start of this year

Interest rate hits worst levels since Liz Truss' implosive 'mini budget' last year

Millions of UK mortgage borrowers could experience significant payment shocks this year. This is happening due to a steep rise in the Bank of England’s base rate over the past year to the highest level since 2008. This rate feeds through to many of the mortgage deals taken out by…

Exclusive: Figures show £26bn was loaned out to around 100,000 firms under the government-backed scheme, but only one in four have paid off the debt