The Latest Breaking News from Bank of England

New York (AFP) - The pound tumbled against the dollar and global stocks mostly fell Thursday as the Bank of England announced another jumbo-sized interest rate hike while warning of a prolonged recession expected to last through mid-2024.

Twenty-two people were killed when suicide bomber Salman Abedi detonated a homemade device in the foyer of Manchester Arena as crowds left an Ariana Grande concert five years ago

Telecoms company warns of job cuts as cost pressures and energy bills threaten its financial plans

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

Interest rates have gone up to 3% which means people, especially mortgage holders, will face higher borrowing costs.

He announced the UK’s biggest interest rate rise in three decades today to curb soaring inflation

Professor Richard Murphy, political economist and chartered accountant, says increasing interest costs will force hundreds of thousands (if not millions) of UK households into poverty

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

The consumer champion has given his expert advice to homeowners in the UK