The Latest Breaking News from Andrew Bailey

Mortgage interest rates are set to rise significantly over the coming months, and this will be brutal for many UK households. But talking up the coming crisis makes forecasters deeply unpopular—and actually the more it’s talked about, the worse it may get, argues Greg Marsh

The Financial Conduct Authority has been criticised by MPs on the the Public Accounts Committee.

An unprecedented number will spend this winter choosing between freezing and starving. Britain needs an active state to help

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis

Analysis: Figure is being generated by factors outside Britain, and households and firms can do without burden of higher interest rates

Andrew Bailey also announces plan to sell off some of Bank’s bonds stock to reinforce effect of higher rates in tackling inflation

Households and lenders can weather storm caused by energy price spike, says Bank

Financial institutions must set aside more money to absorb coming economic shocks

Britons are lifting around £8.5m a day from their children as costs continue to soar, survey found

Barclays is to give 35,000 UK staff a £1,200 pay rise in August to help them cope with the soaring cost of living.

To address inflation, the Bank of England warns it may need the option of half-point interest rate rises