The Latest Breaking News from The Bank of England

Millions of UK mortgage borrowers could experience significant payment shocks this year. This is happening due to a steep rise in the Bank of England’s base rate over the past year to the highest level since 2008. This rate feeds through to many of the mortgage deals taken out by…

Caution needed rather than panic measures over short-term risks after credibility of government and Bank of England hit

City Voices: Bank ought to be on top of everything. It isn’t.

Bear Grylls, Ian Wright, and Gino D’Acampo have become the latest celebrities to be targeted by AI-generated cryptocurrency scam adverts on social media, The Standard has found

Borrowers hit by soaring mortgages, but savers have yet to benefit from higher rates

Over the past year, interest rates have been rising rapidly around the world. The post-COVID economic recovery and Russia’s invasion of Ukraine caused inflation to reach 10% or more in many countries. Central banks in the US, UK and Europe have fought back by raising interest rates in an attempt…

Bank of England data shows families took out £4.6bn last month to help them cope with the cost of living crisis

The typical five-year fixed-rate deal is now 5.94% - a further blow to homeowners struggling to secure new deals

The typical five-year fixed-rate deal for homeowners is now 5.94%, Moneyfactscompare.co.uk said.