The Latest Breaking News from Bank of England

There is just one month left before old paper £20 and £50 notes cease to be legal tender - this means you need to spend them before September 30, or swap them for new polymer versions

Investment bank warns inflation could exceed 20% if UK energy price cap rises 80% in January, while baseline forecast has inflation rising to almost 15%

The Treasury is set to suggest plans which are modelled on Gordon Brown's response to the 2008 financial crisis to help households across the country battle against rising energy bills

THE City of London is home to many useful and responsible financial institutions. But this respectable facade also conceals a host of less savoury…

Watchdogs say six-year investigation had determined no grounds for action against unnamed individuals

Once again with the energy cap rise, ministers have declined to join a discussion about a difficult topic

The real-term shrinking of household income, coupled with costs and mortgage prices rising, will mean the current high number of property buyers will likely decline sharply

Autumn of bleak economic forecasts lies ahead as new PM enters Downing Street with plenty to do

Government intervention, crucial during Covid, is just as vital now, as energy prices soar and living standards plummet, says Guardian economics editor Larry Elliott

The UK is facing a summer of discontent with rising energy bills, soaring food prices, flight cancellations, a looming recession and strikes expected across the country in the coming months

Cineworld has signalled its intention to declare bankruptcy. Like many companies in the UK and elsewhere, the London-based cinema chain took on massive amounts of debt to expand. It is expected to use the Chapter 11 process in the US to restructure its debt and other obligations.