The Latest Breaking News from Andrew Bailey

Consumer Prices Index (CPI) inflation fell to 10.5% in the 12 months to December - this is down from 10.7% in November and 11.1% in October when it hit a 41-year high

Exclusive: Treasury sources say chancellor is resisting pressure from MPs who want taxes to start falling well before next election

Plus: More documents showcase government pressure on social platforms, appeals court to reconsider ban on nonviolent felon gun ownership, and more...

In October, 417,000 working days were “lost” in the UK thanks to strike action, the highest such loss for around 11 years. Dramatic? Not really. It’s a mere blip relative to periods of industrial unrest in the 20th century. In September 1978, the worst point in the original “winter of…

Whatever the chancellor and the Bank may suggest, wage settlements are still running behind the rate of inflation

Borrowers hit with higher costs as bankers signal UK not out of the woods yet

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

Some praise UK’s most powerful non-elected official for mini-budget response while some say Bank of England governor is out of touch

More needs to be done to ensure that the non-bank financial sector does not pose a threat to the UK’s financial stability, Bank says