The Latest Breaking News from The Bank of England

The Liberal Democrats also claimed Mr Sunak had 'thrown in the towel' over his poor attendance record at the weekly grilling in front of MPs

The tipping point for the economy could come if fixed-rate mortgages rise above 7%

At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world.

Rishi Sunak is scrambling to turn around the Tories' fortunes but time is running out for him to deliver on his 'five priorities' for Government ahead of the next general election - see how he's fared

Financial Conduct Authority to meet executives on Thursday as part of its investigation into savings market

Millions of UK mortgage borrowers could experience significant payment shocks this year. This is happening due to a steep rise in the Bank of England’s base rate over the past year to the highest level since 2008. This rate feeds through to many of the mortgage deals taken out by…

Caution needed rather than panic measures over short-term risks after credibility of government and Bank of England hit

If you market yourself as a problem solver, you need to be successful at tackling the challenges that you prioritised

As the cost of living crisis bites, consumers are asking how so many businesses have maintained or raised their profits

“It does feel like there’s greed-flation and it’s the customers who are suffering for it. Wages and pensions haven’t increased either so it’s not weighing out the increase, it’ll push people further into a money crisis and debt"

With inflation and mortgage rates painfully high, the government can no longer rely on votes from its blue wall, says Guardian columnist Jonathan Freedland