The Latest Breaking News from Bank of England

Major financial updates will come into effect in November

The Autumn statement is on November 17

The move makes it even more likely that the Bank of England will follow suit next week

The new Conservative leader seeks to instill confidence that his government will offer economic stability.

With fiscal statement deferred and mixed government messaging on tax and spending the BoE has little to go on

We round up ten financial changes you need to be aware of in November, as the cost of living crisis continues to squeeze household budgets and pile pressure on Brits

City Voices: How to raise tens of billions to shore up our finances

Recent changes in the UK’s top job have had a positive effect on pound sterling and long-term sovereign bond yields. But the financial market reaction has been muted compared with the financial turmoil blamed on former prime minister Liz Truss and ex-chancellor Kwasi Kwarteng in recent weeks.

Bank records quarterly profits above $3.2bn estimated as interest rates rise on back of higher borrowing costs