The Latest Breaking News from Bank of England

Cineworld has signalled its intention to declare bankruptcy. Like many companies in the UK and elsewhere, the London-based cinema chain took on massive amounts of debt to expand. It is expected to use the Chapter 11 process in the US to restructure its debt and other obligations.

Former chancellor says rival’s economic proposals could ‘spook international investors’

City traders bet central bank will more than double cost of borrowing to combat soaring inflation

Gathering economic crisis underlined by a drop in business activity rattles market

Experts forecast that Consumer Price Index inflation will reach 18.6% in January

Citi says 18%, official forecasts say just over 13% -- why so high and when will inflation peak?

Soaring energy bills to help send the cost of living sky high

Experts warn that inflation may rise by even more than the Bank of England fears, with energy bill rises pushing up the overall cost of living for millions of households

Dire new forecast says energy bills will reach £5,816 in April

Borrowing costs already at their highest level in 13 years

Tory leadership candidate says he is focused on race for No 10; energy bosses call for end to battle so new PM can tackle bills crisis