The Latest Breaking News from Bank of England

Today’s stamp duty changes will be welcomed by London first-time buyers, however buying incentives risk increasing demand and may see a surge in prices

Rather than reducing overall buying costs there are concerns the stamp duty cut will push up house prices

The notes will no longer be legal tender after September 30.

Industry groups have responded to the Chancellor’s announcement in the House of Commons.

A series of U turns have been made on the widely slammed mini Budget unveiled by Kwasi Kwarteng in September.

He fears a 1970s-level financial crisis

UK inflation fell this week as fuel prices dropped

Borrowing costs at their highest level in 14 years

In today’s newsletter: The newly appointed chancellor will deliver his first ‘fiscal event’ in Parliament today – but will it make a difference?

The UK government hopes to protect businesses and public sector organisations against spiralling energy costs with a package that parallels the price cap and support payments recently promised to households. But these significant interventions come with a large and imprecise price tag that raise serious doubts about the government’s future…

From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations