The Latest Breaking News from Bank of England

The Bank of England increased the base rate to the highest level in 14 years

Spending cuts and tax rises will deepen the recession so the pain will be deferred until 2025 and a likely Starmer government

The succession of PMs have all spoken out on who or what has caused the state of UK finances. They’re all partly right, but conveniently miss out one or two other key reasons

Another three months of falling growth would mean a recession, with the Bank of England warning it could be the longest downturn for a century

Chancellor warns of ‘eye-watering’ decisions to come

Today’s figures confirm what the forecasters and the Bank of England have already predicted: the British economy is shrinking. GDP contracted by 0.2 per cent between July and September, as spiralling prices and energy bills impacted households and businesses.

We round up all six of the biggest financial announcements and changes expected over the next few months, including when interest rates and inflation will rise again and what to expect in the Autumn Statement

The popular bank has issued an urgent message to anyone on their flagship 123 Current Account after the Bank of England hiked the base rate to 3 per cent last week, marking the latest in a string of increases.

London (AFP) - Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.

On a visit to the North of England, Andrew Bailey said that efforts to bring inflation under control were likely to last another 18 months

Statistics show that Britain’s economy shrank in the three months to September, and forecasters are warning of many months of contraction to come