The Latest Breaking News from Bank of England

House prices are set to fall next year as fewer people buy property amid more expensive homeloans, higher interest rates, rising inflation and the risk of recession

The Labour leader says the turmoil in the financial markets is 'self inflicted' with the crisis 'made in Downing Street' last week with the mini-Budget

Crispin Odey was so confident with his prediction on the pound that he spent the day of the mini-budget shooting grouse

Labour leader adds to pressure on prime minister to call MPs back from conference recess to debate financial crisis

The First Minister said it was inevitable there would be a sharp rise in interest rates - which would hit Scots with mortgages and credit card debt hard.

Former chancellor warned of ‘inflationary spiral’

There is speculation the Bank of England may have to jack interest rates to as high as 6%

Nicola Sturgeon said that the impact of the sweeping tax cuts could lead to an economic crisis worse than the 2008 global financial crash

The Bank of England has launched an emergency UK Government bond-buying programme to prevent borrowing costs from spiralling out of control and stave off a “material risk to UK financial stability”. The Bank announced it was stepping in to buy Government bonds – known as gilts – at an “urgent…

Threadneedle Street will buy UK government bonds as pound tumbles in response to Truss and Kwarteng’s mini-budget

The mortgage market have been spooked by the Mini-Budget, with lenders pulling deals over fears that interest rates could hit 6% next year - here's what you need to know