The Latest Breaking News from Bank of England

House prices in the UK fell by 3.4% in the last year, the biggest annual fall in nearly 14 years. The inflation-adjusted average house price is now what it was in 2014.

Yesterday the Bank of England upped its base interest rate to 5% and the Money Saving Expert responded by saying that "help was desperately needed"

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

The dollar index (DXY00 ) on Thursday rose by +0.33% due to hawkish global central banks and a +7.4 bp rise in the 10-year T-note yield to 3.793%. The dollar also saw support from U.S. economic reports that were mildly stronger than expected overall. EUR/USD (^EURUSD ) fell by -0.27%,...

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

Following Bank of England's decision to hike interest rates to five per cent, single mum Abigail Tunstall has shared the struggle it will cause her and millions of others across the UK

PM says he still backs Andrew Bailey despite criticism he has failed to take the right measures to curb inflation

The Money Saving Expert has had his say after previously warning that the mortgage ticking time bomb is 'exploding'

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