The Latest Breaking News from The Bank of England

Report says lack of ‘intellectual diversity’ at senior level and too wide a range of priorities led to errors and fall in public confidence

The report recommended that ‘the Bank’s remit should be pruned by HM Treasury’.

Research shows: 10 country study has UK banks among the worst

Chancellor is upbeat but there is little chance of autumn statement changing voter perceptions of Tory plan

City Voices: Rishi Sunak may be gloating about hitting his inflation target, but most households don't share his glee

Chancellor could try to win votes with a tax giveaway, but seems unlikely to improve the polls or the economy

Building society benefits from high interest rates, with half-year profits increasing to £1.3bn

The UK chancellor Jeremy Hunt will have limited room for manoeuvre when he makes his autumn statement about the government’s financial plans on November 22. The government is committed to supporting the Bank of England’s current strategy for reducing inflation, which involves using rate hikes to slow down economic activity.

City Comment: There’s a lot to be said for stability and visibility of what the future might look like. Just ask the Prime Minister.