The Latest Breaking News from The Bank of England

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.

Experts warn slump in economy could soon overtake cost of living as main worry for UK

ECONOMISTS have warned that the UK faces a “very real risk” of recession due to higher interest rates - despite inflation slowing to its lowest…

I can picture it so clearly – the words adorning a fridge magnet in my grandmother’s kitchen on Long Island, New York. You may know it as the Serenity Prayer:

Slowdown in price rises comes as somewhat of a relief to families struggling amidst cost of living crisis

Consumer Price Index falls 1.1 per cent in a month but core inflation remains stubbornly high, meaning further interest rate rise likely

The Consumer Prices Index fell to 6.8% in July from 7.9% the previous month.

UK inflation has dropped to its lowest since February 2022, following cut in energy price cap, but IPPR warns economy could fall into recession