The Latest Breaking News from Andrew Bailey

Ex-Treasury official and adviser to David Cameron will replace Ben Broadbent, making MPC majority female for first time

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.

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.

City Comment: If big investors don’t fancy NatWest shares at the current price, why should we?

British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.

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.