The Latest Breaking News from The Bank of England

The Bank pays closer attention to core inflation, which is expected to tick only slightly down

Data suggests prices are rising even though production costs are flat. Yet wages remain policymakers’ chief concern

In 1937 the English economist Joan Robinson proposed that “when capitalism is rightly understood, the rate of interest will be set at zero and the major evils of capitalism will disappear”. John Maynard Keynes, who had taught Robinson, suggested something similar a year earlier in slightly more qualified and technical…

Experts believe wages increased at a faster pace than prices in July

The Bank of England has warned that the number of people likely to struggle with debt repayments is rising as a result of increasing interest rates.

Firms have cut back on hiring staff and manufacturing output is at its lowest since May 2020 as supply issues continue, a survey finds

Former chancellor says payments went up ‘considerably’ after his tax cuts sent borrowing costs spiralling

Participants also including banks and pension funds will have to reveal how activities could harm financial system

Former chancellor says his tracker mortgage has gone up ‘a great deal’ but denies responsibility