The Latest Breaking News from The Bank of England

Basic pay outpaces inflation for the first time in almost two years, but fall in vacancies suggests jobs market is cooling

Britain in for ‘protracted period of high taxes and tight spending’, says Institute for Fiscal Studies

Huw Pill raises possibility of interest rate rise, saying war between Israel and Hamas may affect oil priceBusiness live – latest updates

Rightmove says 0.5% rise is smallest for time of year since financial crisis 15 years ago as higher interest rates hit home

Chancellor rules out tax rises and vows to cut spending in autumn statement as borrowing rises up to £30bn more than forecast

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

Co-founder of Change UK who opposed Brexit praises Keir Starmer as having the ‘values and competence’ the country ‘desperately needs’

Mark Carney says ‘beyond time’ for a Labour government in major coup for opposition

It’s been more than a year since the UK economy was thrown into crisis after then-prime minister Liz Truss suggested making a wealth of unfunded tax cuts in her September 2022 mini-budget. But a recent bond market sell-off has now sent borrowing costs rocketing again, pushing the bond market even…

London has seen the biggest fall in house prices in cash terms of any UK region

High mortgage costs result in sixth straight month of sellers being forced to reduce prices, says Halifax