The Latest Breaking News from The Bank of England

August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021

Huw Pill says he prefers longer, more steady use of interest rates of Table Mountain model over sharp rise and fall of Matterhorn approach

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

AN economist has warned the UK is facing “heightened recession risks” after the private sector suffered a shock downturn in August.

Upon seeing the data, City markets immediately discounted the likelihood of a half-point ‘jumbo hike’ from the Bank of England next month

CBI data showing slowdown in activity is latest sign Bank interest rate rises are slowing economy

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