The Latest Breaking News from Bank of England

The succession of PMs have all spoken out on who or what has caused the state of UK finances. They’re all partly right, but conveniently miss out one or two other key reasons

Another three months of falling growth would mean a recession, with the Bank of England warning it could be the longest downturn for a century

Chancellor warns of ‘eye-watering’ decisions to come

Today’s figures confirm what the forecasters and the Bank of England have already predicted: the British economy is shrinking. GDP contracted by 0.2 per cent between July and September, as spiralling prices and energy bills impacted households and businesses.

We round up all six of the biggest financial announcements and changes expected over the next few months, including when interest rates and inflation will rise again and what to expect in the Autumn Statement

The popular bank has issued an urgent message to anyone on their flagship 123 Current Account after the Bank of England hiked the base rate to 3 per cent last week, marking the latest in a string of increases.

On a visit to the North of England, Andrew Bailey said that efforts to bring inflation under control were likely to last another 18 months

Statistics show that Britain’s economy shrank in the three months to September, and forecasters are warning of many months of contraction to come

Chancellor Jeremy Hunt says ‘tough rough ahead’ as he prepares to slash public spending

The reading comes just a week after the Bank of England published a caveated forecast that the UK might be headed for an eight-quarter recession – the longest consecutive recession since reliable records began in the 1920s

William Hickson, of Gateshead, had £820 of the counterfeit Geordie-sounding currency when searched at a Newcastle police station