The Latest Breaking News from Bank of England

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes

As millions face hardship thanks to soaring bills, the Tories are focused on their next leader rather than the emergency at hand

The Tory leadership hopeful said her plans could avert a downturn.

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflation

LIZ Truss has claimed that “handouts” are not the best way to help households as the cost-of-living crisis continues to squeeze households…

Tory leadership contender’s tax cut plan will not help the hungry, warns business leader

Consumer rights expert Martyn James explains everything you need to do if you can't afford your bills after the Bank of England raised interest rates from 1.25% to 1.75%

Rishi Sunak warned that unless inflation gets under control, there is ‘no hope’ the Tories will win the next election.

RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.