The Latest Breaking News from Bank of England

He has been accused of being asleep at the wheel over inflation, but sacking the Threadneedle Street chief would be a risky step

Business Secretary Kwasi Kwarteng said he expects an emergency budget from the next prime minister to contain measures to help people.

Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months.

When an economy is ravaged by high inflation and stagnated growth, economists brand it 'stagflation' to describe the nightmare combination. The UK economy is heading that way

Bank of England’s dire new forecast sparks recession fears

Staff at the warehouse in Bristol are protesting in response to a 35p-an-hour pay rise being offered by the tech giant

Carrying on with the current economic policy is ‘not going to cut it’, IFS chief says

Companies should be asked to rein in profits instead of workers urged to limit pay demands, angry union leaders have told the Bank of England.

"So if any ministers are watching, we're ready when you are. It's a very crucial day...for all our viewers looking for answers about what needs to be done."