The Latest Breaking News from The Bank of England

Rate cut unlikely until 2025 as energy prices blamed for stronger-than-expected inflation of 2.3%

Rising energy bills have been blamed for the unexpected spike

His statement comes as retailers turn up the heat in their efforts to get Chancellor Rachel Reeves to water down her Budget measures

Data is expected to show a significant rebound in inflation in October after it dropped to a three-year-low in the previous month.

Governor Andrew Bailey said he does not want to ‘jump to conclusions’ on the effect of proposed tariffs until they are confirmed.

RACHEL Reeves has been challenged to make her employment history clear amid growing allegations that she lied on her CV ...

Stella Creasy criticised the Government’s plan to implement the regulations in 2026, claiming they should be put in place sooner.

Survey shows households’ economic fears, while Goldman Sachs predicts impact of increase in employer NICs

Andrew Bailey is a walking market mover. Every time the Governor of the Bank of England opens his mouth, he knows it could impact the cost of UK government borrowing, or the price of sterling, or any number of things. Consequently, his public statements are rarely made off the cuff.

Call comes after Bank of England’s governor Andrew Bailey said the UK should rebuild relations with the European Union as he warned of the economic consequences of leaving the bloc

THE governor of the Bank of England has said the UK must “rebuild relations” with the EU, adding that one of Brexit’s key consequences was…