The Latest Breaking News from Bank of England

Jitters about market and UK economy remain

Kwasi Kwarteng brings forward release of debt-cutting plan, as Bank of England announces new measures to support pensions sector through crisis

It comes as the average interest rate for a two-year fixed-rate mortgage surpassed 6 per cent for the first time since 2008

Mortgage costs have risen sharply since chancellor Kwasi Kwarteng’s so-called mini budget

Alistair Darling said the relationship between the government of the day and the Bank of England is ‘absolutely critical’.

The PM and chancellor will try to stop panic spreading through the party after their high-risk economic plan threatens a ‘death spiral’

The chancellor is bound for Washington for talks with the organisation that blasted his mini-budget

The property market is set to weaken from the bottom up as people struggle to climb onto the housing ladder, economists warn

House prices have been rising, but what will happen next after the mortgage market was thrown into chaos after the Mini-Budget? We ask the expert for their opinion

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Bank of England recently unpacked £65 billion ($72 billion) in an emergency measure to avoid a crash in government bond prices. Without the intervention, the U.K.’s pension funds, which rely heavily on bond holdings, would have entered default. A larger economic crisis was averted.