The Latest Breaking News from Bank of England

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

Inflation in the UK and eurozone is still getting worse. UK prices rose a whopping 10.1% in July compared to a year earlier, while those in the eurozone went up 8.9% – breaking longstanding records in both places. Contrast this with the equivalent data from the US a few days…

Sales volumes were up 0.3% in the month compared with City forecasts of a 0.2% dip

From inflation to the war in Ukraine the economy is facing major challenges

To help you work out how the cost of living crisis is affecting you, The Mirror has created a new calculator to break it all down - from your energy bills to your mortgage

High inflation is hitting Brits in the pocket, but for those on benefits and the state pension it could end up meaning they get a big increase to their payments in 2023

Bank of England’s dire new forecast sparks recession fears

Ex-business secretary Vince Cable says potential integration of FCA, PRA and PSR, formed after financial crisis, poses systemic risks