The Latest Breaking News from Bank of England

The new rate of 1.75% will automatically apply from Tuesday.

Huw Pill warns we ‘cannot declare victory’ yet against inflation

Nine million Brits have no cash at all in the bank to help with unexpected costs as prices soar, with no other option that to get into debt, financial experts say

The Bank of England has increased UK interest rates by 0.75%, the biggest increase in 30 years. A year ago the interest rate was 0.1%, today it is 3%.

How many times over the past two years has the Bank of England forecast a significant, lasting problem with inflation? The answer is “never”. Yes, the Bank is prepared to accept that inflation might be rather punchy at any one moment in time. The Bank will even acknowledge that inflation…

Britain could be plunged into its longest recession since 1930s, Bank of England warned

Some may believe that things can’t get much worse, but more tax rises and cuts to public spending will soon rid them of that illusion

The real reason for last week’s rate rise was to boost unemployment and keep a lid on wage demands. But the government could instead increase the supply of labour

Prime minister declares inflation ‘number one enemy’ and promises to rebuild trust in government