The Latest Breaking News from The Bank of England

HMRC has confirmed its interest rate will rise following the Bank of England announcement on Thursday

The Chancellor will meet with banks including HSBC and Santander.

Sir Stephen Timms said pension scheme investments must ‘never again threaten the stability of the UK economy’.

The Bank of England has used the only weapon in its armoury to try to bring down inflation. But this is a crisis that has been ­incubated in Downing Street

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday rose by +0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose by +1.18%. U.S. stocks saw support Thursday from a rally in...

Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to intervene

Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage point

Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable.

The Bank of England has increased its base interest rate from 4.5% to 5% in a bid to tame inflation. It is the 13th hike in row and the highest the rate has been for 15 years. 

My toxic character trait is that, whenever I find myself in a non-English speaking country (as I believe locals call their mother tongue) and I’m asked a question, I panic and reflexively default to French. This has gone on to cause a scene in Germany, Brazil and one time in…

Britain is facing a new economic era that will hurt those already struggling, and could radicalise even the previously comfortable, says Guardian columnist Gaby Hinsliff