The Latest Breaking News from Huw Pill

Huw Pill warned borrowers to brace themselves for a “significant” rate hike after lenders Santander and HSBC, along with the Nationwide and Yorkshire building societies, joined a rush of lenders to pull home loans or up their rates

Kwasi Kwarteng has been urged to 're-evaluate the tax measures' outlined in last week's mini-budget

Amid extraordinary market changes, the Bank of England seems unlikely to sit on its hands

Bank of England’s chief economist speaks out after mini-budget, with financial markets expecting rates to reach up to 6%

The Chancellor sought to reassure investors as the Bank of England’s chief economist said they could not ignore the fall in sterling

Chief economist says mini-budget will increase inflationary pressure in remarks likely to further spook mortgage borrowers

Huw Pill said there had been ‘significant market consequences’ following the chancellor’s announcement of tax-cuts

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.

Policymakers can only wait and see how the next prime minister’s tax and spend policies will affect the economy

Central bank on high alert to raise interest rates more aggressively if needed, says Huw Pill

London homeowners will be hardest hit by this week’s rise in interest rates, according to new research released on Friday.