The Latest Breaking News from Bank of England

Despite higher interest rates and rising inflation, the luxury sector is still thriving. German sports car brand Porsche is one example, with its strong earnings record and hotly anticipated IPO on the Frankfurt stock exchange this Thursday. Also in this edition, we look at the Bank of England's emergency move…

Pre-open movers

North Wales estate agent Ian Wyn-Jones has warned how mortgage offers are now being pulled, as the market was left spooked this week following the Mini-Budget delivered by Kwasi Kwarteng

In series of local BBC interviews, prime minister says she is prepared to make difficult decisions

It's "the biggest change in British coinage for several decades"

"We had to take urgent action to get our economy growing"

A Tory former secretary to the Treasury has said the Government has caused a 'crisis'

The Prime Minister refused to accept she was wrong after borrowing £72bn in one year alone to fund tax cuts, sparking turmoil and a £65bn Bank of England bailout

Former governor’s comments come after central bank forced into £65bn intervention to avert financial crisis