The Latest Breaking News from Jeremy Hunt

Bank of England (BoE) governor Andrew Bailey has said inflation will fall “markedly” this year, as he signalled that the central bank is likely to raise interest rates once again in an attempt to reach its 2% inflation target.

PM says reducing inflation ‘takes precedence over everything else’

The average 6.66 per cent rate is stinging in part because the Bank of England, with the backing of Rishi Sunak and Chancellor Jeremy Hunt, is hiking interest rates to curb inflation

Chancellor thought to have ruled out providing extra cash if PM decides to accept pay review bodies’ recommendations

Chancellor’s plan is workable and has a fair chance of generating capital for startups – but don’t expect miracles

Plus, why mortgage rates are really MUCH higher than you think

Pensions Minister Laura Trott said she is united with Chancellor Jeremy Hunt in creating a pensions market that delivers for savers.

Systems designed to protect against fraud are seeing innocent people’s bank accounts closed down with little warning.

‘Personal hell’ for homewners as average two-year deal reach 6.66 per cent – rates not seen since 2008 banking crash