The Latest Breaking News from The Bank of England

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

Consultancy firm Cornwall Insight says bills could drop by £268 a 16 per cent decrease – in line with the official price cap set by the UK's energy regulator Ofgem.

Get ready for a potential interest rate cut as UK inflation hits a two-year low. Find out how falling fuel prices and food inflation are impacting the economy.

Work and Pensions Secretary Mel Stride claimed the 'economy is turning the corner'

Inflation in the U.K. as measured by the consumer prices index has eased back to its lowest level in more than two years

The tide turned against inflation

Typical household bill predicted to fall to £1,660; pound drops below $1.27 as data adds pressure on Bank of England to lower interest rates

Central banks on both sides of the Atlantic kept their main interest rates unchanged for the fourth successive month in December 2023. These rates are closely watched because they set the minimum interest at which your bank borrows and lends. This determines the cost of credit for all firms and…

But the continued strength of the economy may encourage the Bank of England to keep interest rates higher for longer