The Latest Breaking News from Bank of England

The Treasury Committee is asking major banks for a breakdown of the revenue and profits generated from their savings products.

Around 39,600 mortgages were approved for house purchase in January, marking the fifth month in a row of dips, according to the Bank of England.

Ditching fuel duty freeze could pay for more generous settlement, suggests think tank

There are plenty of announcements in March which could have wide-ranging repercussions on household budgets

For those of a certain maturity, the Nineties offered mixed messages. The overthrow of Margaret Thatcher, the ERM debacle and the humiliation by elements in his own party of John Major were all associated with enduring economic misery. The arrival in 1997 of Tony Blair and Gordon Brown, the independence…

The TUC has published a study by the New Economics Foundation (NEF), accusing the government of playing "smoke and mirrors" with its figures

We’re all thinking about our money now more than ever, and there are plenty of financial changes coming up in March that you should know about and pop in your diary

Like many other countries, the UK has developed a plan for a central bank digital currency (CBDC). A digital pound would essentially act like an online form of cash suitable for everyday payments. It would not earn any interest like a standard savings account (or even some current accounts), but…

Catherine Mann, a hawkish member of the MPC, says high rates necessary to stop inflation becoming embedded in wages and prices