The Latest Breaking News from The Bank of England

Some 86,510 home sales were recorded across the month, according to latest figures.

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

CBI data showing slowdown in activity is latest sign Bank interest rate rises are slowing economy

Despite all the evidence that privatisation has been a disaster and investment is needed, the department remains in thrall to discredited financial orthodoxy, says Fran Boait of campaign group Positive Money

From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.

Voters are more likely to believe the Bank of England is responsible for bringing price hikes back under control, a poll found

Figures give fuel to claims that profiteering has played a big part in the UK’s high levels of inflation

Markets expect rates to peak at 6% or 6.25%, which is higher than they expected last week, but Halifax still cut its prices

Prime minister also calls for wage growth to be sustainable to help economy grow