The Latest Breaking News from Bank of England

Autumn of bleak economic forecasts lies ahead as new PM enters Downing Street with plenty to do

Government intervention, crucial during Covid, is just as vital now, as energy prices soar and living standards plummet, says Guardian economics editor Larry Elliott

The UK is facing a summer of discontent with rising energy bills, soaring food prices, flight cancellations, a looming recession and strikes expected across the country in the coming months

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