The Latest Breaking News from MPC

The council's developer paid a consultancy firm to canvas support from residents, despite 183 objections from locals

In the fight against inflation the ECB, Bank of England and Federal Reserve risk either doing too much too soon, or too little too late

Concerns over the Federal Reserve’s aggressive interest rate hikes to combat rising inflation and growing recession risks are expected to keep the stock market under tremendous pressure in the near term. To navigate a volatile market, reliable blue-chip stocks BASF (BASFY), Barclays (BCS), The Hershey (HSY), and Marathon Petroleum (MPC)…

Tory leadership candidate must clarify her comments on independence of Bank of England – and sharpish

Andrew Bailey also announces plan to sell off some of Bank’s bonds stock to reinforce effect of higher rates in tackling inflation

The warning comes from Michael Saunders a member of the Bank’s rate-setting Monetary Policy Committee, who claimed aggressive action was needed now

Michael Saunders, a member of the Bank’s rate-setting Monetary Policy Committee, claimed it was better to take aggressive action now than do too little, too late

Pressure for bigger interest rate rises likely to follow multi-decade highs for rising prices

Monetary policy committee member says Bank must act to prevent high inflation becoming embedded

Millions of homeowners have been put on notice of a higher than expected rise in interest rates over the next year as one of the Bank of England’s rate setters said they may have to be lifted to 2 per cent or higher to tame soaring inflation.

Outgoing Monetary Policy Committee member Michael Saunders said increases ‘still have some way to go’ in order to get inflation under control.