The Latest Breaking News from Bank of England

Such a move may force Bank of England to rethink interest rates approach, says its chief economist

Letters: The strictures of neoliberalism must be thrust aside and public money used for the public good, says Mary Mellor. Plus letters from Colin Hines, Kevin Donovan and Patricia Borlenghi

Watchdog tells MPs plans to allow ministers to amend regulations would dent UK’s reputation

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

Mark Carney, who ran the central bank until March 2020, said the UK’s decision to leave the EU had devalued the pound which put upward pressure on inflation