The Latest Breaking News from Bank of England

Shares slid as much as 11.5 percent before recovering as investors panicked over bank’s ability for a turnaround.

Money Saving Expert website founder Martin Lewis urged home buyers to be aware with interest rates expected to rise up to six per cent next year – the highest in 30 years

Mr Kwarteng was forced to abandon his plan to give a massive tax cut to millionaires - but critics warned the damage has already been done after the Bank of England had to step in

More than 40% of mortgage products were pulled after the Chancellor’s Budget triggered a slump in the pound and fears of interest rate hikes. The average two-year fixed mortgage rate is now close to 6%

The chancellor will accelerate the publication of his medium-term fiscal plan later this month, according to reports

Tactless jokes and half-arsed platitudes made up chancellor’s vapid Tory conference speech

The iShares MSCI United Kingdom ETF (NYSE: EWU) and the SPDR S&P 500 ETF Trust (NYSE: SPY) both traded higher by more than 2% each on Monday after the U.K.

Sir Charlie Bean, said the chancellor’s U-turn will not be enough to calm down the financial markets

In 1981 Thatcher took the drastic but successful step of increasing taxes by 2% of GDP to tackle interest rates and inflation. But Truss has just done a reverse-Thatcher, says Oliver Hartwich

From a strictly fiscal perspective, the government’s decision to U-turn on the cut to the 45p top rate of income tax is essentially meaningless. What was a £45 billion tax-cutting budget that sunk the pound, set off gilts and required an emergency intervention by the Bank of England is now…

The pound has recovered from a recent record dip after the chancellor’s mini-budget announcement. But it is still at low levels versus many other currencies.