The Latest Breaking News from The Bank of England

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

Latest figures from the Bank of England show there were 49,400 net mortgage approvals last month, down from 54,600 in June.

Despite all the evidence that privatisation has been a disaster and investment is needed, the department remains in thrall to discredited financial orthodoxy, says Fran Boait of campaign group Positive Money

From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.

Voters are more likely to believe the Bank of England is responsible for bringing price hikes back under control, a poll found

Figures give fuel to claims that profiteering has played a big part in the UK’s high levels of inflation

Markets expect rates to peak at 6% or 6.25%, which is higher than they expected last week, but Halifax still cut its prices

Prime minister also calls for wage growth to be sustainable to help economy grow

Experts warn slump in economy could soon overtake cost of living as main worry for UK