The Latest Breaking News from Andrew Bailey

It is the sort of discovery that never seems to occur in Lincolnshire. Recently, it was revealed that a toxic, shrinking lake in southern California has even more lithium dissolved deep beneath its surface than previously thought. Enough, in fact, to produce the equivalent of nearly 400 million electric vehicle batteries.…

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

The Body Shop has collapsed into administration in the UK, less than three months after it was taken over by a private equity company

Goldman Sachs ‘Doppelgänger’ analysis suggests UK real GDP has unperformed by 5% since 2016 vote, while Body Shop’s owners have filed the intention to appoint administrators.

Rolling coverage of the latest economic and financial news, as US adds 353,000 new jobs in January

The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy, as high inflation prevents cuts to borrowing costs.

Bank of England’s rate-setting panel is split three ways – to hike, cut or hold –but analysts are now pencilling in a cut for late spring

Shock acceleration in cost of living increases could delay the start of interest rate cuts by the Bank of England

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.