The Latest Breaking News from Bank of England

Property values rose by 3.9 per cent on average in the 12 months to May, up from 3.6 per cent annual growth in April, according to ONS figures

Property values rose by 3.9% on average in the 12 months to May, up from 3.6% annual growth in April, according to ONS figures.

The “grim” jump in inflation to an 18 month high is not expected to prevent an interest rate cut next month

Bank of England governor Andrew Bailey says reform of retail banking payments should be a priority

Governor Andrew Bailey said he remained sceptical over the need for a digital pound, stressing that innovation in payments should be a priority.

The Bank of England has announced a redesign of its banknotes and invited the public to suggest new themes that might feature on them. Victoria Cleland, the Bank of England’s chief cashier, said this was as “a symbolic representation of our collective national identity and an opportunity to celebrate the…

The Government has promised not to raise the ‘headline rate’ of income tax but has left open the possibility of freezing the thresholds for paying the levy

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‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew Bailey

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.

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