The Latest Breaking News from The Bank of England

The Bank's Monetary Policy Committee have voted to increase the base rate by 0.5% in a bid to bring inflation down

Bank of England governor Andrew Bailey warns further rises likely if inflation remains high as critics accuse him of being ‘asleep at the wheel’ in bid to curb spiralling prices

THE Bank of England has unexpectedly pushed up interest rates to 5 per cent, the highest rate in almost 15 years, as policymakers and the UK…

Mortgage rates have jumped up to more than 6% for new buyers

Millions of homeowners across the UK are expected to be hit hard by today's announcement

A survey found 45 per cent are facing difficulties keeping up with bills and credit cards, and 10 per cent are in 'problem debt'

Some banks will be increasing their rates in a few weeks

Markets are now anticipating a high of 6% by early next year

September S&P 500 futures (ESU23) are down -0.19%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.29% this morning after three major U.S. benchmark indices ended the regular session lower as market participants digested a renewed warning issued by Federal Reserve Chair Jerome Powell, emphasizing the necessity of further…

Rachel Reeves has ruled out Labour backing plans that would see subsidies or financial support for mortgage holders, as struggling homeowners brace…

Prime minister says he knows people will be anxious about rate rise but ‘it is going to be OK’